The Indian power sector tied up external assistance of Rs.8500 crore (Over USD 2.1 billion) from multilateral / bilateral agencies such as World Bank, Asian Development Bank, Japan Bank of International Co-operation and KfW (Germany) in the year 2007-08 despite a very limited basket and stiff competition from projects in other sectors as well as from other developing countries. Agreements in respect of 9 power projects spanning across power generation, transmission and distribution were signed. Thus, a record growth of 175% over the previous year has been achieved demonstrating conclusively a perceptible change in the risk perception of these agencies in respect of Indian power sector. In the year 2006-07, agreements for 4 power projects with aggregate external assistance of Rs.3100 crore (USD 775 million) were signed.
The projects sanctioned during 2007-08 were: Rampur HEP/SJVNL(WB), PSDP-IV/PGCIL(WB), Power Sector Transmission-IV/PGCIL(ADB), M.P. Power investment-I/MPPTCL(ADB), M.P. Power investment-II/East DISCOM(ADB), M.P. Power investment-III/MPPTCL(ADB), M.P. Power investment-IV/E,W,C DISCOM(ADB), Maharashtra Transmission system (JBIC), EHV Transmission system in Haryana/REC(JBIC).
On its part, the Government boosted absorption of developmental external assistance in power sector. During 2007-08, the utilization of external assistance in 23 power projects in central and state sectors was Rs.2830.80 crore which is about 18% higher than the utilization of Rs.2408.15 crore in these projects during 2006-07.
Engagement of Multilateral / Bilateral agencies in Indian power sector has, thus, increased manifold in the recent past. These agencies are instrumental in providing long term developmental financial assistance to specific projects in central and state sectors on highly competitive terms & conditions.
The projects sanctioned during 2007-08 were: Rampur HEP/SJVNL(WB), PSDP-IV/PGCIL(WB), Power Sector Transmission-IV/PGCIL(ADB), M.P. Power investment-I/MPPTCL(ADB), M.P. Power investment-II/East DISCOM(ADB), M.P. Power investment-III/MPPTCL(ADB), M.P. Power investment-IV/E,W,C DISCOM(ADB), Maharashtra Transmission system (JBIC), EHV Transmission system in Haryana/REC(JBIC).
On its part, the Government boosted absorption of developmental external assistance in power sector. During 2007-08, the utilization of external assistance in 23 power projects in central and state sectors was Rs.2830.80 crore which is about 18% higher than the utilization of Rs.2408.15 crore in these projects during 2006-07.
Engagement of Multilateral / Bilateral agencies in Indian power sector has, thus, increased manifold in the recent past. These agencies are instrumental in providing long term developmental financial assistance to specific projects in central and state sectors on highly competitive terms & conditions.
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