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Lesson
The project was fortunate that some of the required information (i.e., reduction of system losses) were available. Otherwise, it would have been difficult to quantify the project’s direct and indirect incremental effects. These could have also been recognized and addressed during the early review missions.

Project Number: 42085-013
Project Name: Power Transmission Enhancement Project
Report Date:
Lesson
This validation notes some shortcomings in the formulation of covenants. First, the basis for reducing CO2 emission levels was not clearly defined, and the target emission levels could have been more modest. Second, the medium-term tariff policy is more of a sector issue rather than a project issue. The increase in tariff was critical to the borrower’s compliance with the loan covenants and achievement of some of the impact indicators. However, the implementation of the medium-term tariff policy is beyond the control of the borrower.

Project Number: 42085-013
Project Name: Power Transmission Enhancement Project
Report Date:
Lesson
Some environmental issues surfaced during implementation, which were not considered as risks at appraisal. These include the unanticipated decrease in hydropower output due to continued drought conditions, and the unexpected geological structures and underground water during the construction of the Agdash substation. The drought conditions rendered one impact indicator to be only partly achieved. A more thorough assessment of the environmental risks during the feasibility study stage could have avoided some if not all of these issues.

Project Number: 42085-013
Project Name: Power Transmission Enhancement Project
Report Date:
Lesson
No new lessons

Project Number: 38196-013
Project Name: Northern Power Transmission Expansion Sector Project
Report Date:
Lesson
No new lessons

Project Number: 32298-033
Project Name: Madhya Pradesh Power Sector Investment Program (Tranche 2)
Report Date:
Lesson
No new lessons

Project Number: 37041-013
Project Name: Second Power Transmission and Distribution Project
Report Date:
Lesson
The DSPP entity undertook non-operational decisions relating to the company name and accounting practices without gaining the required approvals from the lenders before implementing the decisions. While these matters have been satisfactorily explained subsequently, they raise concerns for lenders seeking to confirm that the project entity is being managed in accordance with the requirements of the loan documents; significant time is expended to work through these issues as they are discovered.

Project Number: 45915-014
Project Name: Dahanu Solar Power Project
Report Date:
Lesson
The hedging policy approved at appraisal did not reflect the foreign exchange hedging instruments available in the local market. When exchange rates deteriorated, the hedging policy and the required sponsor support needed to be renegotiated. It is fairly usual to have rolling foreign exchange hedging requirements, rather than the life-of-loan program that was originally documented, and better investigation of the likely options that would be available to the project could have reduced the work required to adapt to the situation as it arose.

Project Number: 45915-014
Project Name: Dahanu Solar Power Project
Report Date:
Lesson
RPL is a strong company with extensive resources, enabling it to quickly identify appropriate technology, supervise quality construction, and be a good corporate partner within the communities it serves. To meet the requirements of CERC’s tariff regulations, RPL needed to develop and construct a project in a short period of time that would withstand the local climate conditions. The project’s performance above expectations is due to RPL’s decisions about technology, design, and construction quality.

Project Number: 45915-014
Project Name: Dahanu Solar Power Project
Report Date:
Lesson
ADB’s long-term focus on energy sector development in India has supported all aspects of the improving energy situation in the country. Work done by ADB has contributed to policy changes, new infrastructure, and increased private sector participation in the delivery of electricity to end-users. Established knowledge of the local situation, and particular focus on renewable energy enabled ADB to respond quickly to the policy changes supporting solar power and provide timely support to an important client to deliver the first utility-scale solar PV plant in India.

Project Number: 45915-014
Project Name: Dahanu Solar Power Project
Report Date:
Lesson
Engagement and development of private sector energy-service companies for replication and sustainability through different incentives, i.e., provision of credit, consultation, and training.

Project Number: 39653-043
Project Name: Guangdong Energy Efficiency and Environment Improvement Investment Program, Tranche 3 and Multitranche Financing Facility
Report Date:
Lesson
Buy-in from private sector companies as energy savings reduced their operating costs and increased their competitiveness

Project Number: 39653-043
Project Name: Guangdong Energy Efficiency and Environment Improvement Investment Program, Tranche 3 and Multitranche Financing Facility
Report Date:
Lesson
During implementation, the executing agency organized a series of seminars, workshops, and training on energy savings, financial management, and office capacity enhancement for sub-borrowers

Project Number: 39653-043
Project Name: Guangdong Energy Efficiency and Environment Improvement Investment Program, Tranche 3 and Multitranche Financing Facility
Report Date:
Lesson
An innovative MFF modality that allowed the establishment of the pilot EPP model and the revolving use of loan proceeds for follow ups and replication across tranches;

Project Number: 39653-043
Project Name: Guangdong Energy Efficiency and Environment Improvement Investment Program, Tranche 3 and Multitranche Financing Facility
Report Date:
Lesson
For future projects of a similar nature, ADB should consider requiring the implementing agencies to recruit the services of a consultant familiar with ADB procedures to assist with preparation of appraisal scope and cost estimates and the Periodic Financing Requests (PFRs) to avoid major changes in scope and the over-estimation of the cost of both ICB contracts and equity contribution, as occurred for this project. Succeeding tranches of a Multitranche Financing Facility (MFF) program should ideally be timed to incorporate works included or completed under preceding tranches.

Project Number: 32298-053
Project Name: Madhya Pradesh Power Sector Investment Program (Tranche 4)
Report Date: