Angola - Energy sector efficiency and expansion programme (ESEEP) - Phase I (AFDB-P-AO-FA0-003)

Countries
  • Angola
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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
Dec 13, 2019
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
*Borrower information not provided at the time of disclosure*
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 Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jul 11, 2020


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Project Description

According to bank provided information, the Energy Sector Efficiency and Expansion Programme Phase 1 (ESEEP I) is designed to strengthen Angola's power transmission and distribution system. It’s structured around three components: (i) Construction of a 343 km long 400kV Central-South transmission line; (ii) Revenue improvement through installation of prepaid meters; and (iii) Program management for project design and implementation. The program will reinforce the operational capacity of the Angolan power distribution utility (ENDE) while increasing the wheeling capacity of the transmission system countrywide. The programme will help to: (i) reduce dependence on fossil fuels and lower the costs of electricity generation; and (ii) improve the reliability of national power systems and better cope with peak loads. The existing customer base of 1.374 million customers will benefit from more reliable and efficient service. The southern provinces of the country, most affected by the war, are supplied with electricity by systems operated in isolation and fuelled by expensive diesel fuel when the hydroelectric capacity of the northern power grid is not only in excess, but at low cost. ESEEP I intends to address this anomaly. The country would also have the opportunity to replace existing expensive thermal power plants and thereby reduce the cost of electricity generation.

Investment Description
  • African Development Bank (AFDB)

U.A 351,234,075.56

Contact Information

Name MANDAGO Stella
Email s.mandago@afdb.org

Implementing Agency:
MINISTRY OF ENERGY AND WATER National Directorate of Water

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.