Republic of India Andhra Pradesh 24x7 Power for ... Republic of India Andhra Pradesh 24x7...

download Republic of India Andhra Pradesh 24x7 Power for ... Republic of India Andhra Pradesh 24x7 ¢â‚¬â€œ Power

of 63

  • date post

    05-Jan-2020
  • Category

    Documents

  • view

    0
  • download

    0

Embed Size (px)

Transcript of Republic of India Andhra Pradesh 24x7 Power for ... Republic of India Andhra Pradesh 24x7...

  • PD 0016-IND

    April 14, 2017

    PROJECT DOCUMENT

    OF

    THE ASIAN INFRASTRUCTURE INVESTMENT BANK

    Republic of India

    Andhra Pradesh 24x7 – Power for All Project

    This document has a restricted distribution and may be used by recipients only in

    performance of their official duties. Its contents may not otherwise be disclosed without

    AIIB authorization.

  • 2

    Andhra Pradesh 24x7 – Power for All

    Table of Contents

    1. Project Summary Sheet .........................................................................................5

    2. STRATEGIC CONTEXT .....................................................................................7

    A. Country Context ................................................................................................ 7

    B. Sectoral and Institutional Context ..................................................................... 7

    3. THE PROJECT ...................................................................................................10

    A. Rationale .......................................................................................................... 10

    B. Objective .......................................................................................................... 11

    C. Project Description and Components ............................................................... 11

    D. Cost and Financing........................................................................................... 15

    E. Implementation Arrangement ........................................................................... 16

    4. PROJECT ASSESSMENT .................................................................................19

    A. Technical .......................................................................................................... 19

    B. Economic and Financial ................................................................................... 20

    C. Fiduciary and Governance ............................................................................... 22

    D. Environmental and Social ................................................................................ 24

    E. Risks and Mitigation Measures ........................................................................ 27

    Annex 1: Results Framework and Monitoring .............................................................30

    Annex 2: Detailed Project Description ...........................................................................38

    Annex 3: Economic and Financial Analysis ..................................................................49

    A. Economic analysis .......................................................................................... 49

    B. Financial analysis ............................................................................................ 55

    C. Financial assessment of the implementing agencies ....................................... 56

    Annex 4: Sovereign Credit Fact Sheet ...........................................................................61

    Annex 5: Coordination with other Financiers and Private Sector ..............................63

  • 3

    CURRENCY EQUIVALENTS

    Exchange Rate Effective March 01 2017

    US $1 = Rs 67

    FISCAL YEAR

    January 01 – December 31

    ABBREVIATIONS AND ACRONYMS

    ACB Audit Committee of the Board

    ACS Average Cost of Supply

    AIIB Asian Infrastructure Investment Bank

    APEPDCL Eastern Power Distribution Company of Andhra Pradesh Ltd.

    APERC Andhra Pradesh Electricity Regulatory Commission

    APGENCO Andhra Pradesh Power Generation Corporation Ltd.

    APSEB Andhra Pradesh State Electricity Board

    APSPDCL Southern Power Distribution Company of Andhra Pradesh Ltd.

    APTRANSCO Transmission Corporation of Andhra Pradesh Ltd.

    ARR Accounting Rate of Return

    AT&C Aggregate Technical and Commercial Losses

    CAAA Controller of Aid and Audit Accounts

    CAGR Compounded Annual Growth Rate

    CAT Consumer Tool Analysis

    CPTD Compensatory Plan for Temporary Disturbance

    DDUGJY Deen Dayal Upadhaya Grameen Jyoti Yojna

    DISCOMS Power distribution companies

    DPR Detailed Project Reports

    DTR Distribution Transformer

    EIA Environmental Impact Assessment

    EMP Environment Management Plan

    ERP Enterprise Resource Planning

    ESMF Environment and Social Management Framework

    ESMP Environment and Social Management Plans

    FRP Financial Restructuring Plan

    GAP

    GDP

    Gender Action Plan

    Gross Domestic Product

    GHG Greenhouse gas

    GIS Gas Insulated Substations

    GoAP Government of Andhra Pradesh

    GoI Government of India

    GRS Grievance Redress Service

    HVDS

    IA

    High Voltage Distribution System

    Implementation Agency

  • 4

    IBRD International Bank for Reconstruction and Development

    ICB International Competitive Bidding

    ICT Information and Communications Technology

    IDA International Development Association

    IUFR Interim Unaudited Financial Reports

    IMR Infant Mortality Rate

    IPDS Integrated Power Development Scheme

    IT Information Technology

    KPI Key Performance Indicators

    M&E Monitoring and Evaluation

    MATS Monitoring and Tracking Tool

    MIS Management Information Systems

    MMR Maternal Mortality Rate

    MOU Memorandum of Understanding

    NCB National Competitive Bidding

    NIC National Information Center

    OFR Operational Funding Requirements

    OMS Outage Management System

    PAP Project Affected Persons

    PAT Profit After Tax

    PFA Power for All

    PFS Project annual financial statements

    PIU Project Implementing Unit

    PLF Plant Load Factor

    PMRS Performance Monitoring and Reporting System

    PPP Public Private Partnership

    RAP Resettlement Action Plan

    R-APDRP Restructured Accelerated Power Development and Reforms Program

    RE Renewable Energy

    RPF Resettlement Policy Framework

    RMR Remote Meter Reading

    RMU Ring Main Unit

    SAIDI System Average Interruption Duration Index

    SAIFI System Average Interruption Frequency index

    SC Scheduled Caste

    SCADA Supervisory Control And Data Acquisition

    SIMP Social Impact Management Plan

    ST Scheduled Tribe

    T&D Transmission and Distribution

    TIMS Transformer Information Management System

    TOR Terms of Reference

    TPDP Tribal People Development Plan

    TPPF Tribal People Development Planning Framework

    UDAY Ujjwal DISCOM Assurance Yojna

    WB The World Bank

    WTP Willingness to pay

  • 1. Project Summary Sheet

    Republic of India

    Andhra Pradesh 24x7 – Power for All Project

    Project No. 000009

    Borrower(s)

    Implementation Agency

    Republic of India

    Andhra Pradesh Transmission and Distribution

    companies (APTRANSCO, APEPDCL and

    APSPDCL)

    Sector(s)

    Subsector(s)

    Energy

    Power Transmission and Distribution

    Project

    Objectives/Brief Project Description

    To increase the system capacity to deliver

    electricity to customers, and to improve the

    operational efficiency and system reliability in

    distribution of electricity in selected areas in the

    State of Andhra Pradesh.

    The Project aims to support the implementation

    of the 24x7 Power for All plan in State of Andhra

    Pradesh, by:

    i) augmenting and strengthening the transmission and distribution network;

    ii) increasing network capacity and thereby increasing the distribution

    companies’ ability to reliably service

    growing demand;

    iii) reducing AT&C losses; iv) improving system reliability; and v) supporting operational reforms to

    improve the commercial performance

    of the state’s distribution companies

    Project Implementation Period Start Date: August 18, 2017

    End Date: June 17, 2022

    Expected Loan Closing Date June 30, 2022

    Project cost and

    Financing Plan

    Total Project Cost: US$ 571 million

    Financing plan:

    Govt. of Andhra Pradesh: US$ 171 million

    World Bank (IBRD): US$ 240 million

    AIIB: US$ 160 million

    AIIB Loan

    (Size and Terms)

    US$ 160 million; 19-year tenor including a 5-

    year grace period

  • 6

    Co-financing (if any)

    (Co-financier(s), Size and Terms)

    World Bank (IBRD): US$ 240 million; 19-year

    tenor including a 5-year grace period

    Environmental

    and Social Category

    B

    Project Risk (Low/Medium/High) Medium

    Conditions for Effectiveness and

    Disbursement (if any)

    Cond