- Missions
-
| TA Fact-Finding |
Loan Fact-Finding |
Pre-Appraisal |
Appraisal |
|
16 Mar-3 Apr 1998 |
TBD |
|
|
|
Loan Approval Date
16 December 1998
|
Estimated Completion Date
|
- Cost and Financing Plan (in US$ million)
-
| Source |
Foreign Cost |
Local Cost |
Total |
| Bank |
300.00 |
0.00 |
300.00 |
| Cofinancing |
0.00 |
0.00 |
0.00 |
| Borrower |
0.00 |
0.00 |
0.00 |
| Beneficiaries |
0.00 |
0.00 |
0.00 |
| Others |
0.00 |
0.00 |
0.00 |
| Project/Program Cost |
300.00 |
0.00 |
300.00 |
| |
OCR |
ADF |
Total |
| Loan Amount |
300.00 |
0.00 |
300.00 |
- Description
-
Power Sector Restructuring Program
|
| Strategic Development Objectives |
- Primary
- Economic Growth
|
- Secondary
-
|
-
-
|
|
-
-
|
- Rationale
-
- Objectives and Scope
-
The principal objective of the Project is to create competitive electricity markets by breaking up the horizontal structure of power supply through unbundling generation and transmission and providing open access to transmission and distribution. The Project will also restore the National Power Corporation's financial sustainability in the period prior to privatization, and help achieve operational improvements and increased efficiencies in distribution operations. (Piggybacked to this loan are Electricity Pricing and Regulatory Policy in a Competitive Environment and Consumer Impact Assessment technical assistance.)
- Policy Dialogue
-
- Environment Category:
C
- Environment Impact and Mitigation
-
- Social Aspects and Remedies
-
- Benefits and Beneficiaries
-
The loan will finance the cost of economy-wide imports against a negative list. The PSRP is designed to dramatically reduce the role of the Government in the power sector, by unbundling the various segments of power industry and preparing NPC for privatization. Based on experience from other countries that went through such power sector restructuring, it is expected that the emergence of competitive markets will result in significant efficiency gains and drive power prices down to LRMC levels.
- Public Consultation
- Arranged by
- Date for Consultation :
- Groups Consulted :
- Beneficiary Participation in Formulation
-
- Beneficiary Participation in Implementation
-
- Consulting Services
-
Consulting services will be required under the two piggybacked technical assistance projects.
- Procurement
-
None
- Contacts
- Bank
|
Geoffrey H. Wilson
|
|
Principal Financial Analyst
|
|
SEID**
|
|
Tel. No.:
|
|
|
E-mail:
|
|
- Executing Agency
- Department of Finance
|
Contact Person
|
:
|
|
|
Tel. No.
|
:
|
524-7011/53
|
|
Fax. No.
|
:
|
521-9495
|
|
E-mail
|
:
|
|
- Remarks
-
|
Projects 
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