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Mundra Ultra Mega Power Project

Mundra Ultra Mega Power Project
Project information
Request number 2013/1
Project name Mundra Ultra Mega Power Project
Project number Loan 2419
Country India

Summary

The Project is to construct, operate, and maintain a 4,000 MW coal-fired power plant (5 units of 800 MW each) on a build-own-operate basis, incorporating supercritical technology near Tundawanda village, Mundra Taluka in Kutch district, in the state of Gujarat. The loan of $450,000,000 will be provided from ADB’s ordinary capital resources without government guarantee to Coastal Gujarat Power Limited (CGPL), of which $200,000,000 is syndicated to Export-Import Bank of Korea (KEXIM) through a risk participation agreement.

The Project is one of the ultra mega power projects (UMPPs) planned by the Government of India which envisaged "Power for All" by 2012. The power generated by the Project will be supplied to the states of Gujarat, Maharashtra, Punjab, Haryana, and Rajastan. The Project is also one of the first private sector generators in India to apply supercritical technology, which are expected to be more environment friendly than conventional subcritical generating units.

Progress Report

Steps and Milestones Date Remarks and Attachments
  CRP received a request for compliance review (the complaint) 17 October 2013 Request for compliance review [PDF]
Step 1. Requesting Management Response  
  CRP's initial assessment of the complaint   Completed
  CRP's assessment   Complaint falls within the mandate of the compliance review function
  CRP forwards the complaint to ADB Management for response 25 October 2013
  CRP informs the borrower and the ADB Board member representing the borrowing country concerned about receipt of the complaint 25 October 2013  
Step 2. Determining Eligibility  
  Eligibility of complaint reviewed by the CRP   Completed
  CRP informs the complainants, borrower, ADB Board member representing the country concerned, ADB Management, and ADB Operations Department of its decision 26 December 2013
  CRP report on its review of eligibility submitted to ADB Board 27 December 2013  
Step 3. Board Authorization of Compliance Review  
  ADB Board authorization of compliance review 17 January 2014  
  Receipt of ADB Board authorization of compliance review 21 January 2014  
  Complainants informed of ADB Board decision 21 January 2014  
  CRP report on eligibility and Board's decision posted on website 21 January 2014 Report on Eligibility in English and in Gujarati [PDF] ;
and Board's Decision in English and in Gujarati [PDF]
Step 4. Conducting compliance review  
  CRP provides Draft Terms of Reference (TOR) to ADB Board Compliance Review Committee (BCRC) for clearance 23 January 2014  
  BCRC's clearance of the TOR 30 January 2014  
  TOR provided to the ADB Board copied to ADB Management 31 January 2014 Terms of Reference in English and in Gujarati [PDF]
  BCRC's approval of the first revision to the timeframe for compliance review 27 June 2014 Revised time frame for compliance review in English and in Gujarati [PDF]
  BCRC's approval of the second revision to the timeframe for compliance review 17 November 2014 2nd revision to the timeframe [PDF]
  BCRC's approval of the third revision to the timeframe for compliance review 19 February 2015 3rd revision to the timeframe [PDF]
  Conducting compliance review Completed  
Step 5. CRP's Draft Report  
  Issued and sent to complainants, borrower, ADB Management for comments 24 November 2014  
  CRP provides the draft report to BCRC for review 24 November 2014  
Step 6. CRP's Final Report  
  Issued to the ADB Board for consideration through the BCRC 9 March 2015  
Step 7. ADB Board consideration of the CRP's Final Report  
  ADB Board's Consideration 30 March 2015 Board Consideration [PDF]
  CRP's Final Report posted on the website 7 April 2015 Final Report in English and in Gujarati [PDF]
  CRP's Final Report released to the complainants and the borrower 10 April 2015  
Step 8. Management's Remedial Actions  
  ADB Management refers its draft remedial actions to the CRP and seek its comments 27 May 2015  
  CRP sends its comments to ADB Management on the draft remedial actions 2 June 2015  
  ADB Management submits proposed remedial actions to ADB Board 3 June 2015  
Step 9. ADB Board's Decision  
  ADB Board's Consideration 24 June 2015  
  ADB Board's Decision 24 June 2015 Board's Decision in English and in Gujarati
  Remedial Actions approved by the ADB Board 24 June 2015 Remedial Actions in English and in Gujarati
Step 10. Monitoring of Remedial Actions  
  CRP 1st Annual Monitoring Report issued 14 September 2016 1st Annual Monitoring Report [PDF]