First Programmatic Electricity Distribution Reform Development Policy Loan for Rajasthan (WB-P157224)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
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
Mar 25, 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.
Borrower
Government of Rajasthan
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
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.
Project Cost (USD)
$ 250.00 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 @ WB website

Updated in EWS Aug 1, 2017

Disclosed by Bank Jan 5, 2016


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Project Description
The programmatic operation will support the Government of Rajasthan (GoR)’s program for the turnaround of the distribution sector in Rajasthan under the 24x7 Power for All program. A financially sound power distribution sector is a necessary condition to accomplish the objective of the 24x7 Power for All (PFA) initiative, which aspires to provide continuous, reliable power supply to all households in Rajasthan by 2019. This operation will support the comprehensive reform program, developed by the Government of India (GoI) and the State government that will improve the performance of the electricity distribution utilities of Rajasthan. The loan will be the first in a programmatic series of two operations and consists of an IBRD loan of US$250 million. During the previous decade, Rajasthan’s economy grew at 7.9 percent and poverty declined more rapidly than the national average. Electric power sector in Rajasthan has expanded and improved over time, but is now facing serious financial challenges5 that threaten the sustainability of supply going forward. The operation focuses on institutional and operational reforms of the distribution utilities of Rajasthan aiming to restore the viability of the power sector.
Investment Description
  • World Bank (WB)
Contact Information
PROJECT CONTACTS World Bank Contact: Demetrios Papathanasiou Title: Lead Energy Specialist Tel: +1 202 473-3995 Email: dpapathanasiou@worldbank.org Location: Washington, D.C. ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.