The proposed TA will (i) develop a comprehensive reform program, including a regulatory framework, that would enable private sector participation and enhance the efficiency in the sector; (ii) develop a program to reform the Electric Power Corporation's (EPC) internal business and management procedures to enhance governance and cost efficiency; and (iii) prepare an investment road map to diversify the country's energy resources, meet future load growth, and reduce the burden of diesel imports.
Successful implementation of this TA is envisaged to lead to efficient and reliable electricity services to end consumers and to an ensuing loan that would support the power system expansion program. The power system expansion program will help the country and EPC, and ultimately end consumers, to reduce exposure to global fuel prices by promoting indigenous and renewable energy resources.
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