This goal of this program is to support the government's 2013 National Power Policy plan to implement short-term stabilization measures and begin long-term power sector restructuring for sustainability. The project also influences policy on a number of matters including: ensuring implementation follows NERPA rules, reducing discretionary policy decisions and lags in tariff approval and implementation, improving market access for private sector participation in energy, reducing losses and improving payment rate for distribution companies, improving efficiency on the demand side, and strengthening energy conservation. It also influences the policy to manage generation costs using least-cost planning and ensure the generation plants comply, increase gas supply and allow direct contracting in the gas market, commercialize and improve performance at public power companies, institutionalize operations of the Central Power Purchasing Agency, and increase accountability and transparency in the power sector.
The financing of this project is as follows:
ADB: US$ 400 million
World Bank: US$ 600 million
Japan International Cooperation Agency: US$ 49 million
Ministry of Finance
Economic Affairs Div.
Rm. 308 Block "C" Secretariat Bldg
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main