Philippines: Power Sector Development Program

Date: December 2012
Type: Evaluation Reports
Country:
Subject:
Evaluation; Environment
Series: Validations of Project Completion Reports
Project Number: 37752-013

Description

The Country Strategy and Program, 2005–2007 of the ADB for the Philippines identified power sector restructuring as one of the main actions that would ease constraints on the fiscal imbalance of the Government of the Philippines and the poor investment climate in the power sector. With earlier ADB support for the Power Sector Restructuring Program implemented in 1998–2002, the government had been successful in setting in place the legal and regulatory framework, and unbundling the power generation and transmission functions required for the working of a competitive market. However, the restoration of financial viability in the power sector, the substantial privatization of the power generation assets of the National Power Corporation, and the selection of a transmission system concessionaire were not achieved to a significant extent under the earlier interventions. To continue the necessary policy reforms and institutional enhancements, the government requested ADB support, which ADB provided through the Power Sector Development Program.

This report validates the completion report’s assessment of the program which aims to consolidate the power sector restructuring process in the Philippines. IED overall assessment: Less than successful

Contents

  • Project Basic Data
  • Project Description
  • Evaluation of Performance and Ratings
  • Other Performance Assessments
  • Overall Assessment, Lessons, and Recommendations
  • Other considerations and Follow-up