Power Sector Recovery Project - Additional Financing (WB-P160771)

Countries
  • Guinea
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 16, 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
GOVERNMENT OF GUINEA
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)
$ 25.00 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)
$ 25.00 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 Jul 5, 2018

Disclosed by Bank Sep 1, 2017


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Project Description

The development objective of Power Sector Recovery Project for Guinea is to improve the technical and commercial performance of the Electricité de Guinée (EDG). This project has three components. 1) The first component, Improvement of EDG’s performance through a management services contract, aims to finance the additional services of experts from the MSC contractor without extending the MSC execution period ending in October 2019. 2) The second component, Improvement of Conakry distribution network and commercial performance of EDG, aims to finance critical investments identified by the IRP of EDG to improve (a) the distribution network for better service delivery and (b) commercial performance of EDG. It has the following two subcomponents: (i) Improving Distribution Network; and (ii) EDG’s commercial performance improvement. 3) The third component, Technical assistance, capacity building, and project implementation support, aims to finance the implementation of Human Resource Capacity Building Program of EDG (2017–2019) and the institutional support to the Ministry of Energy and Hydraulics (MEH), Agence Guinéenne d’Electrification Rurale (AGER), and the regulator, and support to the two PIUs of the project. It has two subcomponents as follows: (i) Capacity building of EDG’s human resources; and (i) Institutional and project implementation support.

Investment Description
  • World Bank (WB)
Contact Information
Name:Electricite de Guinee (EDG)
Contact:Abdenbi Attou
Title:Administrator General
Email:attou.abdenbi@veolia.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.