Power Sector Development Investment Program (ADB-47356-001)

Countries
  • Papua New Guinea
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
Active
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
Nov 22, 2017
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
Government of Papua New Guinea
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.20 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)
$ 740.00 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 Jan 11, 2019

Disclosed by Bank May 18, 2018


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Can you contribute information about this project?
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Project Description

According to the bank document, the proposed project will enhance operational efficiency of PPL and address institutional capacities, policy framework and facilitate private sector mobilization in off-grid areas.

Outputs:

  1. Transmission network strengthened and expanded,

  2. Distribution network expanded,

  3. Renewable energy for provincial grids increased,

  4. Capacity of monitoring system enhanced,

  5. Private sector investments in rural electrification mobilized,

  6. Institutional support and capacity of EA/IAs, program beneficiaries and other stakeholders enhanced.

Investment Description
  • Asian Development Bank (ADB)

Co-financing:
Government of Australia (Grant) US$ 2.00 million 

Contact Information

Responsible ADB Officer Maxwell, Anthony
Responsible ADB Department Pacific Department
Responsible ADB Division Transport, Energy and Natural Resources Division, PARD
Executing Agencies Asian Development Bank

Energy Division of the Department of Petroleum and Energy
P.O. Box 494, Waigani, NCD, Papua New Guinea

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