Ethiopia Electrification Program (ELEAP) (WB-P160395)

Countries
  • Ethiopia
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
Mar 1, 2018
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 AND ECONOMIC COOPERA
The holder of the loan, grant, or other investment.
Sectors
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 375.00 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)
$ 677.00 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 @ WB website

Updated in EWS Feb 27, 2019

Disclosed by Bank Nov 23, 2016


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Project Description

The development objective of Electrification Program Project is to increase access to electricity in Ethiopia and to enhance institutional capacity for planning and implementation of the government’s electrification program. The National Electrification Program (NEP) aims to achieve universal electrification by 2025. The NEP will be carried out in phases, with the immediate focus being on the early years of the Program (2018–2023). The NEP is organized into three pillars addressing the dominant challenges of the sector: (a) Pillar 1: Ongrid electrification; (b) Pillar 2: Off-grid service provisioning; and (c) Pillar 3: Sector capacity and institutional reform. Each of the pillars provides a specific menu of activities to be carried out to reach universal electrification. The phased focus under the NEP also allows for enhanced technical planning and coordinated fund mobilization. The PforR instrument is well suited to support the NEP. The PforR instrument allows the establishment of high-level, programmatic targets, compared with the traditional investment approach, with focus on project-based implementation. As such, the PforR instrument provides a unique opportunity to influence system wide improvements by supporting the GoE’s flagship engagement in the electricity sector, that is, the NEP. The PforR allows the GoE to use and strengthen its own systems, which not only ensures longer-term sustainability of the NEP but also provides a unique window of dialogue on core issues.

Investment Description
  • World Bank (WB)
Contact Information
Contact: Fisseha Aberra
Title: Director, International Financial Corporation Directorate
TEmail: faberrak@gmail.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

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