Green Energy Corridor and Grid Strengthening Project (ADB-44426-016)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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.
Voting Date
Dec 9, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Power Grid Corporation of India Limited
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1,225.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 500.00 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)
$ 2,581.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 10, 2017

Disclosed by Bank Sep 15, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
The project funds high voltage electricity transmission lines, a substation, and other infrastructure to increase connectivity between the western and southern region power grids. The project will fund a portion of the Government of India's "Green Energy Corridor" initiative, specifically funding construction of 765 kilovolt (kV) and 400 kV high voltage transmission lines, an associated 765/400kV substation and equipment, and four high voltage direct current terminals, two at 800 kV and two at 320 kV.
Investment Description
  • Asian Development Bank (ADB)
The funding for this project is provided by: Asian Development Bank (Loan): US$ 500 million KfQ Bankgengruppe (Loan): US$ 625 million Asian Infrastructure Investment Bank (Loan): US$ 100 million
Contact Information
Power Grid Corporation of India Limited PGCIL@VSNL.COM. SAUDAMANI Plot No. 2, Sector - 29 Gurgaon - 122 001 Haryana, India ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main