India: Assam Intra-State Transmission System Enhancement Project (AIIB-000302)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of India
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 490.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 593.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS May 13, 2020


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Project Description

According to the bank's website, "The project aims to strengthen the State of Assam's electricity transmission system by way of constructing new transmission sub-stations and laying new transmission lines with the associated infrastructure upgradation of existing substations and associated transmission lines, and existing ground wire to optical power ground wire (OPGW). The project will comprise three components:

Component One: Construction of about 24 new extra high voltage grid substations (400 kV, 220 kV and 132 kV) along with the associated transmission lines

Component Two: Upgradation of about 14 existing substations and associated transmission lines and existing ground wire to OPGW.

Component Three: Technical Assistance including engaging consulting services to strengthen project management during project implementation, organizing trainings and workshops on project implementation and the procurement of new testing tools to improve the capacity of the Implementing Agency and setting up Enterprise Resource Planning (ERP)."

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Co-financing:
Government of Assam US$ 103 million

Private Actors
Contact Information

AIIB

Pratyush Mishra

Investment Operations Specialist

Pratyush.mishra@aiib.org

Borrower

Prasanna V. Salian

Deputy Secretary
Department of Economic Affairs
Ministry of Finance
Republic of India

pv.salian@nic.in

Implementation Agency

Hitesh Kakati

General Manager – Projects

aiibworks.aegcl@gmail.com


ACCOUNTABILITY MECHANISM OF AIIB

In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.