Innovative Finance for Sustainable Energy Access: Lessons from the World’s First Result-Based Loans in the Energy Sector – an Independent Verifier’s Perspective Read more about Innovative Finance for Sustainable Energy Access: Lessons from the World’s First Result-Based Loans in the Energy Sector – an Independent Verifier’s Perspective ADB is supporting PLN, the Indonesian state electricity company, with the world’s first result-based lending (RBL) programs in the energy sector to help realize the nation’s goal of sustainable universal electricity access. The loan’s disbursements are linked to the achievement of the program results rather than to upfront expenditures – a complete flip in the approach from traditional project lending – and uses the borrower’s systems, including monitoring and evaluation (M&E), fiduciary, safeguards and other areas.
Vishal Kapoor Keywords power distribution power utilities india energy Read more about Vishal Kapoor Vishal Kapoor brings with him a multi-sectoral field experience in managing diversity in the workforce, policy design and implementation, sectoral reforms, and grassroots level operations in the Infrastructure Sector in India. As the Director dealing with Distribution Sector functions in the Ministry of Power of the Government of India, he manages flagship Distribution reforms programs of the government such as Integrated Power Development Scheme, Ujwal DISCOM assurance Yojana (UDAY) as well as Distribution Sector reforms.