Palau : Palau Public Utilities Corporation Reform Program (Subprogram 2)
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 |
|
||||
| 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 | |
| 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% |
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 |
|---|---|---|
| Loan Agreement (Ordinary Operations [Concessional) for Loan 4198-PAL: Palau Public Utilities Corporation Reform Program (Subprogram 2) | Loan Agreement (Ordinary Resources) | Aug 2022 |
| Palau Public Utilities Corporation Reform Program (Subprogram 2): Report and Recommendation of the President | Reports and Recommendations of the President | Jul 2022 |
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.
ADB Approves $5 Million Loan to Support Electricity, Water, and Wastewater Utility Reform in Palau
ADB has approved a $5 million loan to boost electricity, water, and wastewater in Palau.
Tenders
Contracts Awarded
Procurement Plan
None currently available.