The World Bank Report No: ISR8195 Implementation Status & Results India POWER SYSTEM DEVELOPMENT PROJECT IV (P101653) Public Disclosure Copy Operation Name: POWER SYSTEM DEVELOPMENT PROJECT IV (P101653) Project Stage: Implementation Seq.No: 9 Status: ARCHIVED Archive Date: 20-Nov-2012 Country: India Approval FY: 2008 Product Line: IBRD/IDA Region: SOUTH ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 18-Mar-2008 Original Closing Date 31-Jul-2013 Planned Mid Term Review Date 28-Feb-2010 Last Archived ISR Date 25-Apr-2012 Effectiveness Date 16-May-2008 Revised Closing Date 31-Jul-2014 Actual Mid Term Review Date 12-Apr-2010 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the project is to strengthen India's electricity transmission system in order to increase reliable power exchange between regions and states. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Transmission System Strengthening Schemes 1000.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Highly Satisfactory Highly Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Low Low Public Disclosure Copy Overall Risk Rating Implementation Status Overview The last implementation support mission for the project was carried out in February 2012 and the team has been actively following up with the client regarding the actions (to be taken by POWERGRID) on regular basis. POWERGRID continues to demonstrate efficiency in project implementation and as of October 2012, almost 90% of funds have been disbursed in PSDP IV whereas for additional financing almost 79% of funds have been disbursed. POWERGRID has recorded cost savings under the schemes approved at the appraisal stage and thus, it has proposed new schemes to utilize these balance funds. The Bank has received the restructuring request from DEA, which has been substantially processed, and the team is awaiting additional information from Powergrid to finalize it. Page 1 of 4 The World Bank Report No: ISR8195 All the Key performance indicators (KPI) outperformed their targets in FY 2012. Outcome indicator (growth in inter-regional power exchange) outperformed its target by 9% (actual-58,999 MU against target - 54,000 MU). This indicator has already outperformed its end project (FY2014) target (58,000 MU). Already in January 2012, Powergrid has outperformed on the other two KPIs (result indicators) both in terms of their revised targets (after mid-term review) as well as original targets (as outlined in the PAD). There are no significant shortcomings with respect to meeting the project development objectives. Public Disclosure Copy Locations Country First Administrative Division Location Planned Actual India Bengal State of West Bengal India State of Maharashtra Wardha India State of Madhya Pradesh Tala India Bengal Shiliguri India State of Madhya Pradesh Seoni India State of Orissa Raurkela India State of Jharkhand Ranchi India State of Chhattisgarh Raipur India State of Chhattisgarh Raigarh India State of Bihar Purnia India State of Maharashtra Parli Vaijnath India State of Orissa State of Orissa India State of Maharashtra State of Maharashtra India State of Maharashtra State of Maharashtra India State of Madhya Pradesh State of Madhya Pradesh Public Disclosure Copy India State of Chhattisgarh Korba India Rajasthan Kankroli India State of Jharkhand Jamshedpur India State of Madhya Pradesh Gwalior India Bengal Durgapur India State of Madhya Pradesh Damoh Page 2 of 4 The World Bank Report No: ISR8195 Country First Administrative Division Location Planned Actual India State of Madhya Pradesh Bhopal Public Disclosure Copy India State of Orissa Baripada India State of Maharashtra Aurangabad India State of Maharashtra Akola India Uttar Pradesh Agra India State of Chhattisgarh State of Chhattisgarh India State of Madhya Pradesh Bina India Uttar Pradesh Birsinghpur India Rajasthan Bhiwadi Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Growth in power exchange between the Text Value 37,750 GWh 58,999 GwH 58,000 GWh regions Date 30-Jun-2007 31-Mar-2012 31-Jul-2014 Comments Outperformed Already met Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Growth in transmission capacity - circuit kms Text Value 59,400 kms 92,950 95,000 kms Date 30-Jun-2007 31-Mar-2012 31-Jul-2014 Public Disclosure Copy Comments Already exceeded the end Likely to be met year target Growth in transformation capacity - MVA Text Value 59,400 MVA 124,525 92,000 MVA Date 30-Jun-2007 31-Mar-2012 31-Jul-2014 Comments Already exceeded end year Met already target Data on Financial Performance (as of 15-Oct-2012) Financial Agreement(s) Key Dates Page 3 of 4 The World Bank Report No: ISR8195 Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P101653 IBRD-48900 Effective 18-Mar-2008 28-Mar-2008 16-May-2008 31-Jul-2013 31-Jul-2013 P101653 IBRD-75930 Effective 21-Oct-2008 27-Jan-2009 30-Mar-2009 31-Jul-2014 31-Jul-2014 Public Disclosure Copy Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P101653 IBRD-48900 Effective USD 600.00 600.00 0.00 540.27 59.73 90.00 P101653 IBRD-75930 Effective USD 400.00 400.00 0.00 316.24 83.76 79.00 Disbursement Graph Key Decisions Regarding Implementation Public Disclosure Copy POWERGRID has demonstrated efficiency in implementation and there are no significant shortcomings with respect to meeting the project development objectives. POWERGRID has observed some cost savings and thus, proposed new schemes to be introduced to utilize the available balance funds. Request for restructuring has been received from DEA and the team shall finalize the draft restructuring paper on receipt of some additional information from POWERGRID. Restructuring History There has been no restructuring to date. Related Projects P112798-Power System Development IV - Additional Financing Page 4 of 4