Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date
PDS Updated as of 30 Sep 2014

Project Name Power System Expansion and Efficiency Improvement Investment Program (Facility Concept)
Country Bangladesh
Project/Program Number 42378-014
Status Approved
Geographical Location
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector Energy
Subsector Energy efficiency and conservation
Strategic Agendas Environmentally sustainable growth (ESG)
Inclusive economic growth (IEG)
Drivers of Change Gender equity and mainstreaming (GEM)
Governance and capacity development (GCD)
Gender Equity and Mainstreaming Categories Category 3: Some gender elements (SGE)

Financing

Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
Loan0073Ordinary capital resources700,000
Grant0320European Investment Bank7,000
Counterpart 222,000
TOTAL US$ 929,000

Summary of Environmental and Social Issues

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation

Description

Project Rationale and Linkage to Country/Regional Strategy

About 50% of the population has access to power and those who have access also faces severe power shortages; about 1875 MW (28% of demand) has not been met during the peak periods in 2011. The available power generating capacity in Bangladesh, by June 2011, was of 4890 MW, against the estimated unconstrained demand of 6765 MW, leaving a significant demand-supply gap. The government envisages investing $9.5 billion for generation expansion during the five year planning period and matching investment of about $3 billion on transmission and distribution improvements together with a sound financing plan. Investments envisaged in the sixth five year plan are expected to increase electrification rate to 68% by 2015, eliminate the supply demand gap and resolve reliability and supply quality issues. The proposed MFF aims to support this government investment program by providing $1600 million worth investments mobilizing nearly 50% of the external financing through co- financing arrangements.

Development Impact

Increased energy sector contribution to low-carbon economic growth in Bangladesh

Project Outcome

Description of Outcome
Increased access to clean and reliable supply of electricity in Bangladesh
Progress Towards Outcome
Project implementation ongoing for Tranche 1 (Loan 2966) and Tranche 2 (Loan 3087).

Outputs and Implementation Progress

Description of Project Outputs
Improved efficiency in electricity generation, transmission, and distribution Increased renewable energy use Enhanced capacity of power sector agencies and farmer organizations Project management system in place
Status of Implementation Progress (Outputs, Activities, and Issues)
Loan 2966 (Tranche 1) Consulting service recruitment for Tranche 3 preparation initiated. Contract for transmission lines and substations (Part B) was signed in Sep 2014. Contract for conversion of Khulna power plant (Part A) was signed in Dec 2013. Loan 3087: Bid documents for 4 turnkey and 1 supply contracts issued in May-Jun 2014.
Status of Development Objectives
Material Changes

Business Opportunities

Date of First Listing
Consulting Services
Procurement
Procurement and Consulting Notices
http://www.adb.org/projects/42378-014/business-opportunities

Timetable

Concept Clearance 06 Aug 2012
Fact-finding 07 Aug 2012 to 14 Aug 2012
Management Review Meeting 05 Sep 2012
Approval 28 Nov 2012
Last Review Mission

Milestones

Approval No. Approval Signing Effectivity Closing
Original Revised Actual

Utilization

Date Approval Number ADB (US$ thousand) Others (US$ thousand) Net Percentage
Cumulative Contract Awards
Cumulative Disbursements

Status of Covenants

Covenants are categorized under the following categories—audited accounts, safeguards, social, sector, financial, economic, and others. Covenant compliance is rated by category by applying the following criteria: (i) Satisfactory—all covenants in the category are being complied with, with a maximum of one exception allowed, (ii) Partly Satisfactory—a maximum of two covenants in the category are not being complied with, (iii) Unsatisfactory—three or more covenants in the category are not being complied with. As per the 2011 Public Communications Policy, covenant compliance ratings for Project Financial Statements apply only to projects whose invitation for negotiation falls after 2 April 2012.

Approval No. Category
Sector Social Financial Economic Others Safeguards Project Financial Statements
Loan 0073
Grant 0320

Contacts and Update Details

Responsible ADB Officer Zhang Lei (zlei@adb.org)
Responsible ADB Department South Asia Department
Responsible ADB Divisions Energy Division, SARD
Executing Agencies

Links

Project Website http://www.adb.org/projects/42378-014/main
List of Project Documents http://www.adb.org/projects/42378-014/documents