Long-term ADB engagement is beneficial for the continued growth and institutional and capacity development of counterpart government agencies and utility companies. Eight ADB loans before the two projects under this multitranche financing facility (MFF) had already provided the partner distribution companies (DISCOMs) with extensive experience. This enabled the DISCOMs to grow from fledgling entities when established in 2007 to near self-sustaining and independent corporations by 2020, demonstrating how long-term arrangements, such as through an MFF, can enable staff in counterpart agencies and utilities to improve their skills and gain international-level experience.
Madhya Pradesh Energy Efficiency Improvement Investment Program - Tranche 2 and MFF