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Wednesday, August 12, 2009

Powergrid projects

India - Second Powergrid System Development Project


Details

Document Date: 2007/01/22
Document Type: Implementation Completion and Results Report
Report Number: ICR105
Volume No: 1 of 1
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Abstract

Ratings for the Second Power grid System Development Project for India were as follows: outcomes were highly satisfactory, the risk to development outcome was low or negligible, Bank performance was highly satisfactory, and the Borrower performance was highly satisfactory. Some lessons learned included: The project exhibited good rehabilitation and resettlement practices (R&R) and community development programs. Several good environmental practices have been institutionalized including technical innovations to minimize environmental impact. The development of a close working relationship between the Bank team, and power grid and other power sector stakeholders was critical for achieving the project development objectives. That the team was largely country office based helped in faster resolution of critical issues and closer working relationship with client counterparts. The time-slice lending approach is an appropriate mechanism for lending to large power utilities, such as power grid, with large investment needs to provide the utility with the flexibility of financing priority investment projects and to respond to changes in its investment program as the newly electricity markets evolve.

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