POWER UTIL EFFIC IMP

closed

Closed

The main objectives of the project are to: (a) support the government's efforts to make the Power Finance Corporation (PFC) a viable and effective instrument for improving the power sector; (b) strengthen the operations of the beneficiary utilities by lending only to those willing to undertake acceptable reform programs; (c) foster better use of existing power facilities by reducing constraints in the transmission and distribution systems; (d) mitigate the adverse environmental impact of thermal plants in operation by providing adequate anti-pollution and monitoring facilities; and (e) improve the preparation of power projects and promote the development of the local consulting industry by funding preinvestment studies and engineering for power projects. The project comprises: (a) a program to strengthen PFC's capabilities to discharge its responsibilities; (b) the creation of a preinvestment fund in PFC; and (c) five components to be financed through PFC: (i) the implementation of a pre-identified segment of the lending program of PFC; (ii) environmental upgrading of power plants; (iii) engineering studies for system renovation; (iv) institutional strengthening of power utilities; and (v) improvements in SEBs' billing and collection.

Energy and Extractives

World Bank Group

Project

Power Generation (CCGT), Geothermal, Government