Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • India
Location: Andhra Pradesh, Anantapur, Kurnool
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Infrastructure Investment Bank (AIIB)
Status: Approved
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-05-02
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Republic of India, Andhra Pradesh Transmission and Distribution companies
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 160.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 571.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ AIIB website
Updated in EWS: 2017-11-14
Disclosure Date: 2017-05-02
India: Andhra Pradesh 24x7 - Power For All
AIIB-000009

Project Description
The project has four components: power transmission system strengthening, smart grid development in urban areas, rural distribution system strengthening, and technical assistance for institutional development and capacity building. Specifically, the project constructs a high voltage distribution system and adds to the 33 kV and lower voltage systems in rural areas, invests in smart grids and underground cables, SCADA distribution, automated sub-stations, and adds to 33 kV and 11 kV lines, upgrades and adds to 220 kV, 132 kV, 66 kV, and 33kV lines, improves ICT systems and business and administrative processes, provide transitional financing, and give technical assistance and training to help the State power distribution sector.
Investment Description
The total project cost is $571 USD million. The estimated AIIB investment is $160 USD million.
Contact Information
AIIB: Hari Bhaskar Project Team Leader/Senior Investment Operations Specialist Tel: +86 10 8358 0167 E-Mail: hari.bhaskar@aiib.org World Bank: Mani Khurana Task Team Leader/Senior Energy Specialist Tel: +91 11 4924 7000 Email: mkhurana@worldbank.org Borrower: Bhaskar Dasgupta Director, Multilateral Institutions Division Depart of Economic Affairs, Ministry of Finance, Republic of India Tel: +91 11 2309 2883 E-Mail: bhaskar.dasgupta@nic.in Implementation Agencies: B. Ramesh Prasad Executive Director, World Bank Projects AP EPDCL Tel: +91 891 2582525 Email: apepdclpiu@gmail.com T Vanaja Executive Director, Projects AP SPDCL Tel: +91 94408 12366 apspdclpiu@gmail.com J. Devanand Chief Engineer, Construction AP TRANSCO Tel: +91 94408 11123 ce_construction_aptransco@yahoo.co.in ACCOUNTABILITY MECHANISM OF AIIB In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.
Bank Documents