Georgia : Preparing the Georgian State Electrosystem Corporatization and Electricity Market Reforms Program
The government of Georgia has requested the Asian Development Bank (ADB) provide support by lending for the proposed Georgia State Electrosystem (GSE) Corporatization and Electricity Market Reforms Program.
The proposed program aims to strengthen the corporate governance and financial management of GSE (Georgia's electricity transmission company). These reforms are critical to strengthen GSE's corporate governance, financial management, transparency and debt sustainability. The proposed policy-based loan will be implemented during 2019-2020. The indicative loan amount for the program loan is $50 million from ordinary capital resources (regular).
Project Details
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Project Officer
Tareen, Adnan
Central and West Asia Department
Request for information -
Country/Economy
Georgia -
Sector
- Energy
Related Projects
| Project Name | Preparing the Georgian State Electrosystem Corporatization and Electricity Market Reforms Program | ||||||||
| Project Number | 49006-001 | ||||||||
| Country / Economy | Georgia |
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| Project Status | Closed | ||||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Inclusive economic growth Regional integration |
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| Drivers of Change | Governance and capacity development Private sector development |
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| Sector / Subsector | Energy / Energy sector development and institutional reform |
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| Gender | No gender elements | ||||||||
| Description | The government of Georgia has requested the Asian Development Bank (ADB) provide support by lending for the proposed Georgia State Electrosystem (GSE) Corporatization and Electricity Market Reforms Program. The proposed program aims to strengthen the corporate governance and financial management of GSE (Georgia's electricity transmission company). These reforms are critical to strengthen GSE's corporate governance, financial management, transparency and debt sustainability. The proposed policy-based loan will be implemented during 2019-2020. The indicative loan amount for the program loan is $50 million from ordinary capital resources (regular). |
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| Project Rationale and Linkage to Country/Regional Strategy | The transaction technical assistance (TA) will help the government design and develop the capacity to implement the reform program, and undertake program coordination with stakeholders. The transaction TA is needed on the following grounds:_ (i)program due diligence requires external expertise; (ii)although the government is committed to implementing reforms, there is a need to build stakeholders' implementation capacity; (iii)external expertise is needed to develop and support implementation of the corporate governance plan and debt management strategy; and (iv)to support donor coordination and stakeholder consultation. |
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| Impact | |||||||||
| Project Outcome | |
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| Description of Outcome | |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Nation-wide |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | All consultants have been hired and relevant consultations are ongoing. TA has been extended until 15 December 2020. |
| Business Opportunities | |
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| Consulting Services | The Ministry of Finance will be the executing agency, MOESD will be the implementing agency, and GSE will lead in implementing policy actions. A technical team established within MOESD and the Ministry of Finance, comprising ministry staff and experts hired under the TA, will be responsible for implementing the program actions and coordinating with development partners. The policy gaps and required actions will be identified and implemented with support from the transaction TA experts during July 2018-January 2019. |
| Responsible ADB Officer | Tareen, Adnan |
| Responsible ADB Department | Central and West Asia Department |
| Responsible ADB Division | Energy Division, CWRD |
| Executing Agencies |
ADB POHQ Georgian State Electrosystem Ministry of Finance |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | - |
| Approval | 27 Jun 2018 |
| Last Review Mission | - |
| Last PDS Update | 30 Sep 2020 |
TA 9548-GEO
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 27 Jun 2018 | 30 Jul 2018 | 30 Jul 2018 | 30 Jun 2020 | 31 Jul 2022 | 13 Oct 2022 |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 1,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,000,000.00 | 07 Nov 2022 | 892,812.99 |
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 |
|---|---|---|
| Preparing the Georgian State Electrosystem Corporatization and Electricity Market Reforms Program: Technical Assistance Report | Technical Assistance Reports | Jun 2018 |
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
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| Internal Audit and Risk Management Firm | Firm - Consulting | Closed | ||
| Blockchain Expert | Individual - Consulting | Closed | ||
| Energy Sector Expert | Individual - Consulting | Closed | ||
| Energy Sector Expert | Individual - Consulting | Closed | ||
| Human Resource Expert | Individual - Consulting | Closed | ||
| Corporate Governance Expert | Individual - Consulting | Closed | ||
| Finance Expert | Individual - Consulting | Closed | ||
| Financial Management Expert | Individual - Consulting | Closed | ||
| Corporate Governance Expert | Individual - Consulting | Closed | ||
| Energy Sector Expert | Individual - Consulting | Closed | ||
| Program Coordination Expert | Individual - Consulting | Closed | ||
| Energy Sector Expert | Individual - Consulting | Closed | ||
| SOE Reforms Expert | Individual - Consulting | Closed | ||
| Energy Sector Expert | Individual - Consulting | Closed |
Contracts Awarded
| Contract Title | Approval Number | Contract Date | Contractor | Address | Executing Agency | Total Contract Amount (US$) | Contract Amount Financed by ADB (US$) |
|---|---|---|---|---|---|---|
| Project Preparatory Technical Assistance | Technical Assistance 9548 | 20 Jan 2022 | KPMG Georgia LLC (GEORGIA) | 4 Freedom Square, GMT Plaza, 5th Floor Tbilisi 0105 Georgia | Ministry of Finance | 201,758.00 | — |
Procurement Plan
None currently available.