World Bank Group Timeline
First IDA credit for energy sector approved
IDA's first credit in the energy sector is for India to assist in the financing of an expansion of the electric power system of the Damodar Valley Corporation DVC, a semi-autonomous governmental organization that provides power for Calcutta, Jamshedpur, and the Damodar Valley, an area of about 9,250 square miles that is the industrial heart of India. The IDA credit will help finance the addition of a 140,000-kilowatt generating unit at the existing Durgapur thermal power station.
Resource Gallery
Interview with Siem Aldewereld
Interview date: Nov. 2 and 6, 1985
The beginning of the Bank's relations with India and the Damodar Valley Corporation are discussed on pages 3-4 of the transcript.
India's Third Five Year Plan, Annex 4: Fuel and Power
Document date: Aug. 10, 1960
The report reviews the role of fuel and power in India's five year plan.
Wire from Vice President Knapp to Secretary M. R. Sachdev
Feb. 14, 1962
The wire from Vice President Knapp informs the Secretary for the Ministry of Irrigation and Power of the signing of the development credit agreement and project agreement (1849360).
Durgapur Thermal Power Project
P009620: Approved Feb. 14, 1962
The profile contains project and financial information, and lists of project documents and archival records.
Signing of IDA credit for the energy sector
1962
Pictured are B. K. Nehru, Indian Ambassador to the US (left) and World Bank Group Vice President J. Burke Knapp (1722747; Credit: The World Bank).
Terms of Reference for mission to India
Jan. 15, 1961
The mission's purpose was to review three power projects in India and select the ones that best met the Bank's criteria (1849359).
Fourth Damodar Valley Corporation Expansion Project: Appraisal Report
Document date: Feb. 6, 1962
The report describes the project, details its cost and financing, and describes its potential benefits.
