Question : ADB LOAN FOR POWER PROJECTS



(a) the number of power projects in the country for which the Asian Development Bank has sanctioned loans recently, State-wise;

(b) the number and the names of States where these projects are proposed to be set up, with loan amount;

(c) the rate of interest to be charged on the said loans by the Asian Development Bank; and

(d) the total interest on the loan and the manner in which the Government propose to repay the said loan?

Answer given by the minister

THE MINISTER OF POWER ( SHRI P.M. SAYEED )

(a) to (d) : Asian Development Bank (ADB) has sanctioned loans for the following power projects as per details given below in the country during last 5 years:

Sl.	Project	Loan No.	Exectg.	State	Loan	Rate of	Repayment
No.	Agency	Amount	Interest	(USD in	Million)
1.	Power	1764-IND	PGCIL	Multi	250	60 basis	These loans	Transmission	States	points over	are to be	improvement	London	repaid in a	project	Inter Bank	period of 15	Offer Rate	years
2.	Power Sector	1968-IND	PFC	Multi	150	(LIBOR).	including a	Distribution	States	LIBOR	grace	Project	fluctuates	period of 5	on a daily	years.
3.	Gujarat Power	1803-IND	GEB	Gujarat 150	basis.	Sector	Present rate	Development	of LIBOR is	Project.	about 1.8%	p.a.	Gujarat Power	1804-IND	200	Sector	Development	Project
4.	M.P. Power	1868-IND	MPSEB	Madhya	150	Sector	Pradesh	Development	Project	M.P. Power	1869-IND	200	Sector	Development	Project
5.	Assam Power	2036-IND	ASEB	Assam	150	Sector	Development	Project	Assam Power	2037-IND	100	Sector	Development	Project