India : Power Sector Reform Program (Subprogram 1)

Sovereign Project | 55080-001

The proposed programmatic approach Policy-Based Loan (PBL) will support the urgently required electricity sector reforms to restore the financial viability in electricity distribution in an inclusive manner, improve quality of service and private sector participation and contribute to climate change mitigation by facilitating renewable energy integration.

Project Details

Project Name Power Sector Reform Program (Subprogram 1)
Project Number 55080-001
Country / Economy India
Project Status Active
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Grant: Power Sector Reform Program (Subprogram 1)
KfW Bankengruppe US$ 2.12 million
Loan 4401-IND: Power Sector Reform Program (Subprogram 1)
Ordinary capital resources US$ 250.00 million
Loan: Power Sector Reform Program (Subprogram 1)
KfW Bankengruppe US$ 212.00 million
TA 10204-IND: Supporting Power Market Reforms for Renewable Energy Integration
Technical Assistance Special Fund US$ 1.00 million
Clean Energy Fund under the Clean Energy Financing Partnership Facility US$ 500,000.00
Operational Priorities OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
OP4: Making cities more livable
OP6: Strengthening governance and institutional capacity
Sector / Subsector

Agriculture, natural resources and rural development / Rural water policy, institutional and capacity development

Energy / Electricity transmission and distribution - Energy sector development and institutional reform - Renewable energy generation - solar

Public sector management / Reforms of state owned enterprises

Gender Some gender elements
Description The proposed programmatic approach Policy-Based Loan (PBL) will support the urgently required electricity sector reforms to restore the financial viability in electricity distribution in an inclusive manner, improve quality of service and private sector participation and contribute to climate change mitigation by facilitating renewable energy integration.
Project Rationale and Linkage to Country/Regional Strategy The government has announced series of initiatives to restore the financial viability of DISCOMs and operational performance. These reforms are designed to address the immediate cashflow problems due to COVID-19 and address some of the structural and institutional impediments to improved performance of DISCOMs. The programmatic approach PBL is appropriate as the Government of India has a clearly articulated comprehensive reform program and the programmatic approach PBL provides ADB an opportunity to engage with central government and state governments in a sequential manner to ensure the proposed reforms are implemented.
Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer George, Len V.
Responsible ADB Department Sectors Group
Responsible ADB Division Energy Sector Office (SG-ENE)
Executing Agencies
The Ministry of Power
Timetable
Concept Clearance 06 Dec 2021
Fact Finding 04 Jul 2022 to 03 Nov 2022
MRM 10 May 2023
Approval 29 Nov 2023
Last Review Mission -
Last PDS Update 29 Nov 2023

Loan 4401-IND

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 Nov 2023 15 Dec 2023 21 Feb 2024 31 Oct 2024 - -
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 250.00 Cumulative Contract Awards
ADB 250.00 04 Mar 2024 0.00 0.00 0%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 04 Mar 2024 250.00 0.00 100%

TA 10204-IND

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 Nov 2023 22 Dec 2023 22 Dec 2023 31 Jul 2025 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,000,000.00 500,000.00 0.00 0.00 0.00 0.00 1,500,000.00 04 Mar 2024 0.00

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.


Evaluation Documents See also: Independent Evaluation

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Related Publications

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  • 29 Nov 2023 | News Release

    ADB to Support Power Sector Reforms in India

    ADB has approved a $250 million policy-based loan to strengthen India’s power sector by improving financial sustainability and facilitating the shift to renewable energy.

Tenders

No tenders for this project were found.

Contracts Awarded

Contract Title Approval Number Contract Date Contractor | Address Executing Agency Total Contract Amount (US$) Contract Amount Financed by ADB (US$)
Capacity Development Technical Assistance Technical Assistance 10204 15 Jan 2024 THE LANTAU GROUP LIMITED (HK, CHINA) in association with Ernst & Young LLP (INDIA) | 4602-4606, METROPLAZA TOWER 1, 223 HING FONG ROAD, KWAI FONG, HONG KONG, CHINA The Ministry of Power 1,198,048.00

Procurement Plan

None currently available.