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Orissa Power Sector Restructuring Project

Abstract*

The Orissa Power Sector Restructuring Project will assist Orissa in: 1) implementing a program of regulatory, institutional and tariff reforms in its power sector; 2) supporting the institutional development of Grid Corporation of Orissa (GRIDCO), Orissa Hydro Power Corporation and the new Regulatory Commission established under the reform program; 3) reinforcing and rehabilitating Orissa's power system and its demand-side management to make power...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

THE OBJECTIVE OF THE PROJ IS TO HELP IMPLEMENT THE POWER SECTOR REFORMPROGRAM OF THE STATE OF ORISSA, TO RESTRUCTURE SECTOR OPERATIONS,ATTRACT PRIVATE FINANCING, DEFINE THE REGULATORY FRAMEWORK ANDDEVELOP A REGULATORY AGENCY, AND IMPLEMENT ELECTRICITY TARIFF REFORMS.

Key Details

Project Details

  • P035170

  • Closed

  • Judith K. Plummer

  • N/A

  • India

  • March 16, 1995

  • (as of board presentation)

    May 14, 1996

  • August 24, 1995

  • US$ 997.20 million

  • N/A

  • South Asia

  • 1996

  • US$ 516.80 million

  • B

  • Not Applicable

  • June 30, 2004

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 350.00
UK: DEPT. FOR INTERNATIONAL DEVELOPMENT 110.00
Asian Development Bank 56.80

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 350.00
IDA Commitment N/A
IBRD + IDA Commitment 350.00
Lending Instrument
Grant Amount 166.80
Total Project Cost** 997.20

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Aug 15, 2016 IBRD-4014A Loan Repay 10,459,722.00
Aug 15, 2014 IBRD-4014A Int Charges 132,751.16
Aug 15, 2014 IBRD-4014A Loan Repay 9,120,493.00
May 14, 1996 IBRD-4014A Loan Commitment 332,670,368.00
May 14, 1996 IBRD-40140 Loan Commitment 350,000,000.00
Aug 15, 2015 IBRD-4014A Loan Repay 9,766,996.00
Feb 15, 2014 IBRD-4014A Int Charges 179,921.34
Aug 15, 2015 IBRD-4014A Int Charges 99,138.12
Feb 15, 2014 IBRD-4014A Loan Repay 8,812,730.00
Aug 15, 2013 IBRD-4014A Loan Repay 8,516,577.00
Aug 15, 2013 IBRD-4014A Int Charges 219,755.90
Feb 15, 2015 IBRD-4014A Loan Repay 9,439,466.00
Feb 15, 2016 IBRD-4014A Int Charges 85,153.62
Feb 15, 2016 IBRD-4014A Loan Repay 10,108,788.00
Feb 15, 2015 IBRD-4014A Int Charges 115,877.78
Aug 15, 2016 IBRD-4014A Int Charges 61,869.27

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 03-17-2005PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceUnsatisfactoryN/a
Government PerformanceHighly UnsatisfactoryN/a
Implementing AgencyUnsatisfactoryN/a
Icr QualitySatisfactoryN/a
M&e QualityNot RatedN/a

Results Framework

No data available.