STP Power Sector Recovery Project (WB-P169196)

Countries
  • Sao Tome and Principe
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
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.
Voting Date
Mar 19, 2020
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 Sao Tome and Principe
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)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 12.00 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)
$ 12.00 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 Mar 16, 2020

Disclosed by Bank Jan 1, 2020


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Project Description

According to bank documents, the project objectives are to (i) increase renewable energy generation and (ii) improve the reliability of the electricity supply.

The additional financing (AF) would support cost overruns identified under Component 3, Subcomponent 3.1: Rehabilitation of Contador hydropower plant and operations and maintenance support program. This subcomponent finances the works for the rehabilitation and potential expansion of the hydropower plant up to 3.2 MW. This subcomponent will also cover engineering aspects (design and supervision of works) and preparation of related safeguards documents. The new activity (Replacement of incandescent bulbs with high-efficiency LED lamps), under the proposed AF are aligned with the parent project PDO as the reduction in the demand (particularly at peak hours) will improve the reliability of the electricity supply.

Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Nicolas Jean Marie Sans
Senior Hydropower Specialist

Nash Fiifi Eyison
Senior Energy Specialist

Borrower:
Ministry of Finance and Public Adminstration

Implementing Agency:
Agencia Fiduciaria de Administracao de Projeto (AFAP)
Alberto Leal
Coodinator de AFAP
afap2@yahoo.com.br 

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.