Multitranche Financing Facility - Electricity System Strengthening and Sustainability Program (ADB-49177-002)

Countries
  • Timor-Leste
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Timor Leste
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 26, 2020

Disclosed by Bank Sep 30, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed investment program will finance targeted investments, consistent with the Government of Timor-Leste's priorities and the objectives of the country partnership strategy. The Government of Timor-Leste has indicated its intention to attract a suitably qualified and experienced utility operator to assume management responsibility for EDTL under a public-private partnership (PPP) arrangement ; likely a lease or concession arrangement, but similar in essence to a performance-based management contract. The accompanying parallel technical assistance to be provided and managed by ADB's Office of Public-Private Partnerships (OPPP) will support the government's objective of leveraging private-sector innovation and capacity to improve EDTL's commercial performance and further reduce costs.

A Multitranche Financing Facility (MFF) is proposed. The use of the MFF modality is considered appropriate, as: (i) the proposed facility will support a sequenced program of investment in distribution assets and systems, and investment in generation assets to reduce Timor-Leste's reliance on diesel fuel; (ii) the project supports Timor-Leste's Strategic Development Plan 2011-2030; and (iii) due to capacity constraints, the investments must be sequenced to focus on priority investments in distribution assets and systems and then on generation investments.

IMPACT
Reduced constraints on economic growth

OUTCOME
Improved level of service and fiscal performance of EDTL

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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Ministry of Public Works, Transport and Communications (formerly Ministry of Public Works)
Avenida dos martires da Patria
Mandarin, 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

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