| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 200.00 |
| Borrower/Recipient | 50.00 |
Himachal Pradesh Power Sector Development Program
Abstract*
The development objective of the Himachal Pradesh (HP) Power Sector Development Program (HPPSDP) Program-for-Results for India is to increase renewable energy (RE) penetration and strengthen the power sector institutions in HP. The program envisages to increase penetration of RE resources through optimization of the state’s current and present generation base. This includes bundling hydropower with variable non-hydro RE (such as solar and wind) and... Show More
Development Objective
The Program Development Objective is to increase renewable energy penetration and strengthen the power sector institutions in Himachal Pradesh.
Key Details
Project Details
P176032
Active
Surbhi Goyal , Pyush Dogra
India
August 11, 2021
(as of board presentation)
June 27, 2023
November 29, 2023
US$ 250.00 million
HPPCL (Himachal Pradesh Power Corporation Limited),HPSEBL (Himachal Pradesh State Electricity Board Limited),Directorate of Energy,HPPTCL (Himachal Pradesh Power Transmission Corporation Limited),HPSLDC (Himachal Pradesh State Load Despatch Centre),HimUrja
2023
US$ 200.00 million
N/A
March 5, 2024
March 31, 2028
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 200.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 200.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 250.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 15, 2024 | IBRD-95660 | Int Charges | 1,417.74 |
| Nov 29, 2023 | IBRD-95660 | Fee Charges | 500,000.00 |
| Jun 15, 2024 | IBRD-95660 | Int Charges | 204,663.45 |
| Feb 13, 2024 | IBRD-95660 | Loan Disb | 19,156,668.00 |
| Jun 27, 2023 | IBRD-95660 | Loan Commitment | 200,000,000.00 |
| Jun 15, 2024 | IBRD-95660 | Int Charges | 433,406.00 |
| Nov 29, 2023 | IBRD-95660 | Loan Disb | 500,000.00 |
Ratings
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Government order issued for state level adoption of basin wide E&S protocols Value No No Yes Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Increase in renewable energy generated Value 0.00 0.00 182353.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Cumulative GHG emission reduction Value 0.00 0.00 189300.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Availability of green power to the identified offtaker(s) through the bundled Renewable Energy product Value No No Yes Date August 1, 2022 March 15, 2024 March 31, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Pilot for Demand Response System Launched Value No No Yes Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Improved Redundancy through availability of (n-1) supply at the major EHV substations Value 0.00 0.00 3.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Adopt web-based Monitoring and Evaluation (M&E) systems to monitor E&S risk management Value No No Yes Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Single Energy Trading Desk Operational Value No No Yes Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Transformation Capacity Added Value 0.00 0.00 440000.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Percentage share of women in technical and managerial positions among annual new sector recruits Value 7.00 7.00 10.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Transmission System Added Value 0.00 0.00 90.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Number of women professionals trained as apprentices, with reporting on subsequent sector job applications and sector technical employment outcomes one year post-apprenticeship Value 0.00 0.00 150.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Average percent reduction of outages (in KVA of installed distribution transformers) during fault in the selected towns Value 0.00 0.00 65.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Citizen's Feedback Survey conducted by HPSEBL, HPPCL, HPPTCL, and HimUrja Value No No Yes Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Capacity Added in Distribution Substations Value 0.00 0.00 179000.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Percent of the grievances to be resolved within 45 days from their receipt by HPSEBL, HPPCL, HPPTCL, HimUrja, and DoE Value 0.00 0.00 80.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Capacity Added in Distribution Transformers Value 0.00 0.00 160000.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Cumulative allocated budget for training utilized annually Value 0.00 100.00 100.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Distribution Network (33 kV, 11 kV and 400 Volts network added) added Value 0.00 0.00 1301.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment Percentage of total tenders valued more than INR 10 million have used standard bidding document(s) Value 0.00 100.00 80.00 Date August 1, 2022 March 15, 2024 March 31, 2028 Comment