India: MFF-Madhya Pradesh Power Sector Investment Program (Tranche 5)
At the request of India’s government, ADB prepared a road map and a multitranche program loan to address deficiencies in the country’s power sector. The multitranche financing facility (MFF) modality was well suited for the investment program. To address operational inefficiencies, such as system availability, technical losses, and system reliability, that remained after completion of earlier tranches 1 to 4, Madhya Pradesh Power Sector Investment Program (Tranche 5) was formulated. The project completion report (PCR) described the progress made under tranche 5 and is the subject of this validation. IED overall assessment: Successful.