Multitranche Financing Facility - Electricity System Strengthening and Sustainability Program (Tranc (ADB-49177-003)

Countries
  • Timor-Leste
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
Proposed
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.
Borrower
Government of Timor-Leste
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 8, 2019

Disclosed by Bank Sep 26, 2018


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Project Description

The proposed investment program will finance investments in Electricidade de Timor-Leste (EDTL), Timor-Leste's state-run electric utility) to improve electricity service reliability, expand access to modern energy services, and improve performance of EDTL's management, maintenance, and revenue-collection systems throughout Timor-Leste. Achievement of these objectives will substantially reduce the fiscal drain of the power sector on Timor-Leste's budget. Investments will be financed consistent with a sector development strategy and investment roadmap, to be prepared as a key output of project preparatory technical assistance (PPTA).

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Trainor, James Michael
Responsible ADB Department Pacific Department
Responsible ADB Division Transport, Energy and Natural Resources Division, PARD
Executing Agencies
Min of Transport, Communications and Public Works
Telecom Building, Dili, Timor-Leste

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