National Grid Improvement Project (formerly Powergrid) (ADB-44917-014)

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
Sep 30, 2011
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
  • 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)
$ 250.00 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)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 17, 2019

Disclosed by Bank Mar 20, 2017


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Project Description

According to the bank website, "POWERGRID's immediate investment plans focus on the transmission projects required to deliver electricity from 55 new IPP power generation plants to primary load centers. Known collectively as the high capacity power transmission corridors program, these projects include nine major transmission schemes approved by the Central Electricity Regulatory Commission (CERC) with an estimated total cost of more than $12.9 billion. The project proposed for ADB financing is the biggest of these transmission schemes and involves 14 IPPs and a public power trading company in Chhattisgarh. It will strengthen interregional transmission between the western and the northern regional grids and supply additional bulk power to the north from generation of IPPs in Chhattisgarh, which will generate over 15,000 MW in total. The project will create a high voltage direct current (HVDC) transmission system using smart grid technology to support stable, efficient, flexible, and economical long-distance power transfer among its interconnected systems. HVDC is a least-cost and low-carbon investment option."

Investment Description
  • Asian Development Bank (ADB)
Private Actors
Contact Information

Responsible ADB Department South Asia Department
Responsible ADB Division India Resident Mission
Responsible ADB Officer Karbar, Vallabha R.

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