Hydroelectricity Financing Project (ADB-48360-002)

Countries
  • Nepal
Geographic location 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 14, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.22 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 2, 2020

Disclosed by Bank Dec 15, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

DESCRIPTION

The TA impact will be access to reliable and quality electricity from hydropower production increased. The TA outcome will be HIDCL capacity in financing hydroelectricity projects strengthened. The TA outputs will be (i) HIDCL's financial, project and credit risk management system enhanced, and (ii) HIDCL's environmental and social safeguard management system (ESMF) enhanced. The design and monitoring framework is in Appendix 1.

PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY

The ADB and the Government of Nepal (the government) agreed to process a financial intermediary loan to the government for on-lending to the Hydroelectricity Investment and Development Company Limited (HIDCL), which is also included in this year's country operations business plan. While progress in financing of hydropower projects has lagged following the 2015 earthquake, the government requested ADB to process the TA to improve HIDCL's project readiness in environmental, social safeguard, and financial risk management for future introduction of the proposed credit line.

IMPACT

Investments in hydropower projects increased

CONSULTING SERVICES

The TA will require 5 person-months of international consulting services for strengthening HIDCL's financial, project and credit risk management capacities, and 2 person-months of international and 3 person-months national consulting services for strengthening HIDCL's environmental and social safeguard management capacities, and conducting independent safeguards monitoring. ADB will recruit a consulting firm through Consultant's Qualifications Selection method using Biodata Technical Proposals for the S-CDTA on a lump sum contract whose payments are linked to the delivery of the outputs specified in the terms of reference (TOR) in Appendix 1. The TA will be implemented over 2 years starting in January 2017. All consultants will be recruited in line with ADB's Guidelines of the Use of Consultants (2013, as amended from time to time). All disbursements under the TA will be made in accordance with ADB's Technical Assistance Disbursement Handbook (2010, as amended from time to time).

PROCUREMENT

None.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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

CONTACTS

Responsible ADB Officer Hoshino, Takuya
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies Ministry of Finance
The Government of Nepal
Singha Durbar
Kathmandu, Nepal

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How it works