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| Termination Date | 14 Oct 2005 | |||||
| Country | India | |||||
| Location | Surat | |||||
| Project Number | 38907-01 | |||||
| Approval Number | 7203 | |||||
| Type of ADB Assistance / Amount |
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| Thematic Classification | Economic growth Private Sector Development Environmental Sustainability |
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| Sector/Subsector | Energy / Conventional Energy | |||||
| Responsible ADB Department | Infrastructure Finance Division | |||||
| Responsible ADB Division | Infrastructure Finance Division | |||||
| Responsible ADB Officer | Kurumi Fukaya | |||||
| Project Sponsor(s) |
Torrent Group
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| Description | The Project involves the construction and operation of a 1,095 megawatt gas-fired combined-cycle power plant at Surat District, Gujarat. The power plant will be fueled on natural gas to be supplied under a long-term gas supply agreement. The Project will sell power to Surat Electricity Company Limited (SEC), Ahmedabad Electricity Company Limited (AEC), and Power Trading Corporation of India Limited (PTC) under long-term power purchase agreements. The Project is expected to begin commercial operations in November 2006, with full completion in November 2007. The Project is being sponsored by the Torrent Group. Torrent Power Generation Limited (TPGL), a special purpose company, has been established to implement the Project.
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| Objectives and Scope | The Project will provice additional electricity at a competitive price and in a financially and environmentally sustainable manner. It will help to meet present and future demand for electricity in Gujarat and neighboring states. | |||||
| Status of Development Objectives | Torrent cancelled ADB's financing before financial closing on 6 September 2005. ADB is not monitoring the impacts of the Project. | |||||
| Implementation Progress | Torrent cancelled ADB's financing before financial closing on 6 September 2005. ADB is not monitoring the progress of the Project. | |||||
| Material Changes | Torrent cancelled ADB's financing before financial closing on 6 September 2005. ADB cancelled the Board approval of the proposed financing to Torrent on 14 October 2005. | |||||
| Linkage to Country/Regional Strategy | The Project is in line with ADB's country and energy sector strategies, which emphasize supporting energy infrastructure development with private sector participation and environmentally clean technology. | |||||
Safeguard Categories
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| Environment | A | |||||
| Summary of Environmental and Social Aspects | Environment: The Project, being a gas-fired power station, is not anticipated to generate any significant pollution. With implementation of an ADB-approved environmental management plan, the Project is expected to comply with all Indian and ADB environmental standards.
Social safeguard: Of the total area of the Project site, 93.8% used to be owned by Surat Panjarapole Trust, was acquired by the Government of Gujarat (GoG) in accordance with the Land Acquisition Act, 1894, and handed over to Torrent; 0.7% owned by GoG was sold directly to Torrent; and the remaining 5.5% was acquired from eight private landowners. Most of the land acquired is uncultivable and comprises grassland without any habitation or livelihood significance, except that four landless households cultivated a part of the proposed access road sites as tenants. The four tenants will get new tenacies on alternative land in the vicinity, and will not suffer any loss of livelihood as a result of the Project. The GoG has given these four tenants fair compensation. No scheduled tribes or other indigenous peoples live at the Project site. |
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| Stakeholder Communication, Participation and Consultation | Stage I public consultation was conducted on 10, 15, and 28 December 2002, following which Torrent submitted an environmental impact assessment (EIA) report and a risk analysis report to the Gujarat Pollution Control Board (GPCB). Stage II public consultation was conducted on 11 September 2003, following which the EIA report was expanded and GPCB issued the no-objection on 9 January 2004. MOEF issued environmental clearance on 12 July 2004. | |||||
| Timetable for assistance design, processing and implementation | ||||||
| Concept Clearance | 15 Mar 2004 | |||||
| Due Diligence Mission | 26 Apr 2004 to 03 May 2004 | |||||
| Private Sector Credit Committee Meeting | 16 Sep 2004 | |||||
| Board Approval | 25 Nov 2004 | |||||
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