Compliance with financial covenants on institutional reforms and asset valuation and reconciliation, need a high level of commitment, capacity, and resources from the executing agency. Further, substantial changes in state-owned enterprises take time to get implemented in full. Despite efforts made by executing agency, the Assam Power Generation Corporation Limited (APGCL), lack of capacity and resources resulted in some of loan covenants to be achieved only partially.
Project Name
Assam Power Sector Investment Program - Tranche 1
Project Number
47101-002
Report Date
Report Source
Self-evaluation
Country
Themes