MSETCL

completed

_x000C_Maharashtra State Electricity Transmission Company Limited (“MSETCL”) is a power transmission enterprise 100% owned by the Government of Maharashtra (“GoM”). The project involves an IFC US$100 million equivalent local currency A/B loan package to partially finance MSETCL’s 2008-12 capital expenditure program which is estimated at over $4 billion. IFC’s funding will finance a time slice of critical network rehabilitation and expansion investments. This Project is part of a larger World Bank Group engagement with MSETCL including institutional development efforts through WBG’s technical assistance programs. The World Bank Group has had a strategic role in supporting the Government of India in reform and commercialization of the power sector through a series of state level IBRD operations. Sufficient progress has been made in some states for some public power utilities to begin to access commercial financing and non-sovereign guaranteed sub-national support from the Bank Group can play a key role in supporting their strategic growth. This project supports investments in essential transmission infrastructure required to attract private investments in generation and to promote power trading and competition.