Encouraged by the reforms made by the state government since 2001, especially the establishment of the Madhya Pradesh Electricity Regulatory Commission, ADB developed an investment program estimated to cost $5.3 billion (2007–2012), with ADB financing earmarked at $620 million through a multitranche financing facility (MFF) comprising six tranches over 8 years. The project included details for Tranche 1, which primarily related to the transmission segment, and Tranche 2 for the distribution segment. The project completion report described the progress made under Tranche 1. It is the subject of this validation. IED overall assessment: Successful.
Evaluation Document
Published 12 December 2015