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Lesson
Using investment income gains to meet ADB’s administration fee and bank charges is a good fund management practice.

Project Number: 46455-002
Project Name: Electricity Supply Security and Sustainability Project
Report Date:
Lesson
Sound technical designs and adequate preparatory work enable the smooth and timely startup and implementation of projects.

Project Number: 44013-013
Project Name: Shanxi Energy Efficiency and Environment Improvement Project
Report Date:
Lesson
Twice reallocating the originally assigned use of grant proceeds can mitigate the foreign exchange risks in multicurrency projects.

Project Number: 46455-002
Project Name: Electricity Supply Security and Sustainability Project
Report Date:
Lesson
Strong relationships with the governments facilitate agreements.

Project Number: 46455-002
Project Name: Electricity Supply Security and Sustainability Project
Report Date:
Lesson
It is difficult to establish accurate cost estimates due to the long MFF implementation timelines and the value of flexibility that is inherent in the MFF modality.

Project Number: 32298-013, 32298-073
Project Name: Madhya Pradesh Power Sector Investment Program (Tranche 6 and Multitranche Financing Facility)
Report Date:
Lesson
The design of transmission and distribution projects at appraisal are usually preliminary and only finalized at the start of implementation; the multitranche financing facility (MFF) modality provides the flexibility needed to adjust the scope and latitude of these projects, if the program is built on a long-term plan by the implementing agency

Project Number: 32298-013, 32298-073
Project Name: Madhya Pradesh Power Sector Investment Program (Tranche 6 and Multitranche Financing Facility)
Report Date:
Lesson
Utilities need to understand the impact of loss reduction on their finances, to take appropriate investment decisions, particularly when differentiating between technical and commercial losses.

Project Number: 32298-013, 32298-073
Project Name: Madhya Pradesh Power Sector Investment Program (Tranche 6 and Multitranche Financing Facility)
Report Date:
Lesson
Considering the large economic and financial benefits of loss-reduction projects in distribution grids, it is necessary to carry out a more thorough assessment than what is usually provided in completion reports.

Project Number: 32298-013, 32298-073
Project Name: Madhya Pradesh Power Sector Investment Program (Tranche 6 and Multitranche Financing Facility)
Report Date:
Lesson
A methodology should be developed and incorporated in ADB documents, when measuring economic impacts of multi-project programs.

Project Number: 32298-013, 32298-073
Project Name: Madhya Pradesh Power Sector Investment Program (Tranche 6 and Multitranche Financing Facility)
Report Date:
Lesson
The practice of using a weighted average EIRR, which is inaccurate as economic benefits are not directly proportional to investment volumes and to the other metrics used for weighting due to the interrelated benefits among projects, should be discontinued in ex-ante and ex-post evaluations of programs supported by MFF.

Project Number: 32298-013, 32298-073
Project Name: Madhya Pradesh Power Sector Investment Program (Tranche 6 and Multitranche Financing Facility)
Report Date:
Lesson
Project schedules have to be realistic, providing for a time lag between grant/loan approval and effectivity, incorporating doable timeframes for contract processing, and clearly indicating the target dates for the completion of all key activities.

Project Number: 45303-001
Project Name: Rural Energy Project
Report Date:
Lesson
Energy project designs need to carefully consider the rapid changes in technology and the economic environment in ADB member countries.

Project Number: 45303-001
Project Name: Rural Energy Project
Report Date:
Lesson
It is essential to prepare meaningful monitoring frameworks measured by relevant indicators to assess project results objectively.

Project Number: 42039-035
Project Name: Power Transmission Investment Program – Tranche 2
Report Date:
Lesson
On ADB’s side, overbudgeting is easier than underbudgeting, as adding funds to a project takes more time and work than canceling unused funds. However, this practice reduces funding availability for other departments that may need extra funds. It also reduces ADB’s efficiency in delivering its program, which ultimately reduces its development impact.

Project Number: 42039-035
Project Name: Power Transmission Investment Program – Tranche 2
Report Date:
Lesson
MFF programs suffer particularly from overestimation of project costs, because executive agencies sometimes request to move certain investments to the next tranche, depending on delays of associated projects, public budgets, or other reasons.

Project Number: 42039-035
Project Name: Power Transmission Investment Program – Tranche 2
Report Date: