Palau: Palau Public Utilities Corporation Reform Program (Subprogram 2)

Sovereign Project | 54151-003

The program aims to strengthen state-owned enterprises in Palau by improving the corporate governance and financial management of Palau's electricity and water utility company, Palau Public Utilities Corporation, and providing an enabling environment for private sector participation in the electricity and water subsectors in Palau. The program will support the government's long-term reforms in electricity and water and sanitation.

Project Details

  • Project Officer
    Abbasov, Rafayil
    Pacific Department
    Request for information
  • Country/Economy
    Palau
  • Sector
    • Water and other urban infrastructure and services
Project Name Palau Public Utilities Corporation Reform Program (Subprogram 2)
Project Number 54151-003
Country / Economy Palau
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 4198-PAL: Palau Public Utilities Corporation Reform Program (Subprogram 2)
Concessional ordinary capital resources lending US$ 5.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Private sector development
Sector / Subsector

Energy / Energy utility services

Water and other urban infrastructure and services / Urban water supply

Gender Equity and Mainstreaming Effective gender mainstreaming
Description The program aims to strengthen state-owned enterprises in Palau by improving the corporate governance and financial management of Palau's electricity and water utility company, Palau Public Utilities Corporation, and providing an enabling environment for private sector participation in the electricity and water subsectors in Palau. The program will support the government's long-term reforms in electricity and water and sanitation.
Project Rationale and Linkage to Country/Regional Strategy The reforms of the subprogram 2 target (i) the tariff structure, (ii) enhanced financial management of PPUC, (iii) corporate governance transparency, and (iv) market access for private sector participation. Collectively, these reforms will improve water quality and service (eventually leading to a return to cost-of-service tariffs), increase revenues and liquidity, strengthen corporate governance, operational and technical performance, and ensure transparency for any government support. If enacted, the reforms can open the sector to outside investment, including public-private partnerships, which may significantly improve quality of services. These objectives are foundational to a healthy and sustainable water and wastewater operation for the nation, and fiscal risk management for the public sector.
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 Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Abbasov, Rafayil
Responsible ADB Department Pacific Department
Responsible ADB Division PAEN
Executing Agencies
Ministry of Finance
Timetable
Concept Clearance 15 Jan 2022
Fact Finding 07 Mar 2022 to 25 Mar 2022
MRM 09 May 2022
Approval 29 Jul 2022
Last Review Mission -
Last PDS Update 29 Jul 2022

Loan 4198-PAL

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 Jul 2022 15 Aug 2022 09 Sep 2022 31 Oct 2022 - 23 Sep 2022
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 5.00 Cumulative Contract Awards
ADB 5.00 01 Oct 2022 5.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 01 Oct 2022 5.00 0.00 100%

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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.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

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Contracts Awarded

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Procurement Plan

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