Hydroelectricity Financing Project (ADB-48360-002)

Countries
  • Nepal
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
Bank Risk Rating
U
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 14, 2016
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.
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, etc.
Investment Amount (USD)
$ 0.22 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 Aug 9, 2017

Disclosed by Bank Dec 15, 2016


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Project 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
  • Asian Development Bank (ADB)
Contact Information
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