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Lesson
More attention during project implementation can help manage risks identified during the investment program preparation. The reduction of distribution losses needed periodic monitoring and reporting against time-bound AT&C loss reduction action plans for feeders, districts, and circles; and the corrective actions needed to be based on the data from distribution network energy meters installed and asset maps prepared in the tranche.

Project Number: 43467-015
Project Name: Madhya Pradesh Energy Efficiency Improvement Investment Program - Tranche 1
Report Date:
Lesson
The MFF modality can allow DISCOMs to tailor the tranche subprojects according to the distribution networks' priorities and complement other rural development programs being implemented at the time. Most upgrade of 0.4 kV feeders to 11 kV feeders, about half the aerial bundle conductors and new connections, and a third of the meters were implemented under other ongoing programs.

Project Number: 43467-015
Project Name: Madhya Pradesh Energy Efficiency Improvement Investment Program - Tranche 1
Report Date:
Lesson
It is important to include relevant indicators to meaningfully assess the project’s results. At the outcome level, an indicator of transmission capacity in megavolt amperes and actual energy transmitted in megawatt- hours would have been more appropriate. The selection of indicators must consider results that are attributable directly to the project. At the impact level, indicators such as household access to electricity are also relevant to measure the project’s impact on development.

Project Number: 45224-003
Project Name: Rajasthan Renewable Energy Transmission Investment Program (Tranche 1)
Report Date:
Lesson
It is important to effectively manage the timing of investment in transmission capacity particularly on energy generation investments that are undertaken to meet electricity demands. This will involve a careful sequencing of activities and investments. This requires having a longer-term perspective on the energy needs or gaps in the project area to facilitate better timing and project sequencing.

Project Number: 45224-003
Project Name: Rajasthan Renewable Energy Transmission Investment Program (Tranche 1)
Report Date:
Lesson
Building a robust power transmission grid that connects diverse sources of power generation to different regional load centers would not only reduce transmission losses but also benefit from the integration of higher amounts of low-carbon and intermittent energy resources like wind and solar, and storage batteries.

Project Number: 39630-013, 39630-034
Project Name: National Power Grid Development Investment Program (Tranche 3 and Multitranche Financing Facility)
Report Date:
Lesson
A proper estimation of EIRR and FIRR would allow better assessment of project viability.

Project Number: 39630-013, 39630-034
Project Name: National Power Grid Development Investment Program (Tranche 3 and Multitranche Financing Facility)
Report Date:
Lesson
Preparing, reviewing, and monitoring project cost estimates contribute to a more efficient utilization of project funds. A more in-depth assessment and consideration of currency depreciation factors during project appraisal permits a more robust cost estimate. Under this project,a significant loan amount was cancelled due to the rupee depreciation. In-depth financial planning and cost projections, coupled with risk mitigation measures (e.g., developing back-up subprojects in an advanced state of readiness) allows for better utilization of loan savings.

Project Number: 40423-033
Project Name: Rural Connectivity Investment Program—Tranche 2
Report Date:
Lesson
Procurement planning and readiness are critical prerequisites in the administration of bids and contract packages. Ensuring sufficient capacity of executing and implementing agencies facilitates a smooth procurement process. Developing back-up subprojects is also beneficial especially for implementation under the MFF in anticipation of cancellation of some subprojects. Given that civil works contractors in the rural areas have limited capabilities and as subprojects vary in size, this would proactively build an inventory of prequalified contractors.

Project Number: 40423-033
Project Name: Rural Connectivity Investment Program—Tranche 2
Report Date:
Lesson
The success of the program indicates that working with state governments in India is an appropriate level for PBLs, which may not be achieved at the national-level when instituting similar reforms. Success at the state-level offers an opportunity for scaling-up or replicating the experience in other states with similar issues.

Project Number: 49209-001
Project Name: Second West Bengal Development Finance Program
Report Date:
Lesson
3. Achieving durable reforms in public finances require a sustained commitment over time, which involves a combination of policy and legislative reforms, institutional change and strengthening, and the introduction of new technologies. The decade-long partnership between the West Bengal state government and ADB indicates a time frame and a level of commitment required to achieve results.

Project Number: 49209-001
Project Name: Second West Bengal Development Finance Program
Report Date:
Lesson
The West Bengal state government’s experience in formulating and implementing MTEFs supports the view that these frameworks are valuable tools in helping governments translate development priorities into planned multiyear budget expenditures. Over time, MTEFs can contribute to the improvement of budget transparency, predictability, and expenditure efficiency.

Project Number: 49209-001
Project Name: Second West Bengal Development Finance Program
Report Date:
Lesson
On the PBL design, the DMF should have identified the results of each policy action rather than adopting them as the output indicators. More rigor should be taken in selecting the outcome indicators. The indicators used for school attendance and dropout rates were neither appropriate to measure the result of the program nor its policy actions and suggest a weak design. Since the state is highly committed to pursuing the reforms, it could be argued that these reforms would have been carried out anyway by the government despite the program.

Project Number: 49209-001
Project Name: Second West Bengal Development Finance Program
Report Date:
Lesson
Having specific performance indicators dedicated to improving FI’s operational and financial management helps ADB foster its development objectives, while improving FI’s institutional capacity. Specifically, the performance indicators on safeguards compliance help ADB improve FI’s ESMS, thereby, mainstreaming ADB’s environmental and social objectives in infrastructure projects that FIs implemented.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date:
Lesson
Another lesson is that strong partnership and greater collaboration among FIs and stakeholders support the strengthening of financial supervision and risk management monitoring. Due diligence on the FI’s institutional capacity prior to loan approval, led to develop a complementary TA, which in turn supported in improving FI’s operational and financial management. ADB’s additional financing served as leverage to pursue recommendations from the TA, aimed to improve the FI’s financial and operational performance.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date:
Lesson
Particularly for loans, in-depth review on a borrower’s credit performance and the sector context, as part of the due diligence assessment, is vital for recognizing potential financial risks. Analytical measurements on financing risks (e.g., adequacy of capital ratio, contingent liabilities), risk allocation options, and risk management monitoring, for example, are key factors that enhance credit appraisal and help develop a well-structured financing scheme and related covenants.

Project Number: 46268-002
Project Name: Clean Energy Finance Investment Program (Tranche 1)
Report Date: