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
    Sectors Group
    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)
Source Amount
Concessional ordinary capital resources lending US$ 5.00 million
Operational Priorities
  • OP1: Addressing remaining poverty and reducing inequalities
  • OP2: Accelerating progress in gender equality
  • OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
  • OP4: Making cities more livable
  • OP6: Strengthening governance and institutional capacity
Sector / Subsector
  • Energy / Energy utility services

  • Water and other urban infrastructure and services / Urban water supply

Gender
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

Contact

Responsible ADB Officer
Abbasov, Rafayil
Responsible ADB Department
Sectors Group
Responsible ADB Division
Energy Sector Office (SG-ENE)
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

Funding

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
  Total (Amount in US$ million)
Project Cost 5.00
ADB 5.00
Counterpart 0.00
Cofinancing 0.00
Loan Utilization
  Date ADB Others Net Percentage
Cumulative Contract Awards 09 Sep 2023 5.00 0.00 100%
Cumulative Disbursements 09 Sep 2023 5.00 0.00 100%

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.

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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.

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.