Question : FOREIGN LOAN FOR POWER PROJECTS



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

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

(c) the manner in which the Union Government propose to repay the said loans?

Answer given by the minister


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

(a) to (c) : The Power Projects as indicated in the annexure have been sanctioned by ADB & World Bank for funding during the last 5 years.

ANNEXURE

ANNEXURE REFERRED TO IN REPLY TO PARTS (a) TO (c) OF UNSTARRED QUESTION NO.7202 TO BE ANSWERED IN THE LOK SABHA ON 13.05.2005.

Sl. Project Loan No. Executing State Loan Rate of Repayment
No. Agency Amount Interest (USD in Million)
ADB assisted Power Projects:
1. Power transmission Improvement 1764-IND PGCIL Multista 250 Interest These project tes rate is loans are variable to be every six repaid in months. a period It is of 10- determined 15 years based after a on grace average period of cost of 5 years. preceding Repayment six months of respective pools of outstanding borrowings established to fund such loans.
2. Power Sector Distribution 1968-IND PFC Multista 150 Project tes
3. Gujarat Power Sector 1803-IND 150 Development Programme GEB Gujarat Gujarat Power Sector 1804-IND 200 Development Project
4. M.P. Power Sector Development 1868-IND Madhya 150 Programme MPSEB Pradesh M.P. Power Sector Development 1869-IND 200 Project
5. Assam Power Sector Development 2036-IND 150 Programme ASEB Assam Assam Power Sector Development 2037-IND 100 Project
World Bank assisted Power Projects:
1. UP Power Restructuring Project 4545-IN UPPCL U.P. 150
2. Rajasthan Power Restructuring 1594-IN RRVPNL Rajastha 180 Project n
3. PSDP-II 4603-IN PGCIL Multista 450 tes
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