The Program comprises support for restructuring the finances of PGCB and DESCO from inherited historical operations and through this action make them fully capable of accessing commercial capital markets for part of their future capital needs as necessary development towards commercialization. Utilities cannot be financially self-sustaining without long-term bond markets. Currently, Bangladesh does not have any. Therefore by restructuring the balance sheet of PGCB, and asking them to raise funds through commercial bonds, the Program helps to develop a bond market inBangladesh.
| Project Name | Power Sector Development Program | ||||
| Project Number | 36205-023 | ||||
| Country | Bangladesh |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
|
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Governance and capacity development |
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| Sector / Subsector | Energy / Electricity transmission and distribution |
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| Gender Equity and Mainstreaming | No gender elements | ||||
| Description | The Program comprises support for restructuring the finances of PGCB and DESCO from inherited historical operations and through this action make them fully capable of accessing commercial capital markets for part of their future capital needs as necessary development towards commercialization. Utilities cannot be financially self-sustaining without long-term bond markets. Currently, Bangladesh does not have any. Therefore by restructuring the balance sheet of PGCB, and asking them to raise funds through commercial bonds, the Program helps to develop a bond market inBangladesh. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | |||||
| Impact | |||||
| Project Outcome | |
|---|---|
| Description of Outcome | |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | |
| Safeguard Categories | |
|---|---|
| Environment | B |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Business Opportunities | |
|---|---|
| Consulting Services | None |
| Procurement | The proceeds of the Policy Loan will finance the foreign exchange costs (excluding local taxes and duties) of items, produced in and procured from ADB's member countries, other than those specified in the negative list at Appendix 8 and imports financed by other bilateral and multilateral sources. |
| Responsible ADB Officer | Elerud, Carl Mats R. |
| Responsible ADB Department | South Asia Department |
| Responsible ADB Division | Energy Division, SARD |
| Executing Agencies |
Ministry of Energy and Mineral Resources Secretary, Power Division Bhaban 6, Room 113 Bangladesh Secretariat Dhaka, Bangladesh Ministry of Finance Economic Relations Division (ERD), MOF Sher-e-Bangla Nagar, Dhaka_1207 Bangladesh |
| Timetable | |
|---|---|
| Concept Clearance | 02 Mar 2003 |
| Fact Finding | 16 Mar 2003 to 27 Mar 2003 |
| MRM | 21 May 2003 |
| Approval | 10 Dec 2003 |
| Last Review Mission | - |
| Last PDS Update | 06 Feb 2007 |
Loan 2038-BAN
| Financing Plan | Loan Utilization | ||||
|---|---|---|---|---|---|
| Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
| Project Cost | 100.00 | Cumulative Contract Awards | |||
| ADB | 100.00 | - | 0.00 | 0.00 | % |
| Counterpart | 0.00 | Cumulative Disbursements | |||
| Cofinancing | 0.00 | - | 0.00 | 0.00 | % |
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.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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.
| Title | Document Type | Document Date |
|---|---|---|
| Bangladesh: Power Sector Development Program | Progress Reports on Tranche Releases | Nov 2005 |
| Power Sector Development Program | Reports and Recommendations of the President | Nov 2003 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
Tenders
No tenders for this project were found.
Contracts Awarded
No contracts awarded for this project were found
Procurement Plan
None currently available.