Sustainable Energy Sector Reform Program - Subprogram 1 (ADB-47015-001)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 24, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,003.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 19, 2017

Disclosed by Bank Mar 31, 2016


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Project Description
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.
Investment Description
  • Asian Development Bank (ADB)
The financing of this project is as follows: ADB: US$ 400 million World Bank: US$ 600 million Japan International Cooperation Agency: US$ 49 million
Contact Information
Ministry of Finance SO_ADB_I@EAD_CC.SDNPK.UNDP.ORG Economic Affairs Div. Rm. 308 Block "C" Secretariat Bldg Islamabad, Pakistan 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