Second Electricity Reform for Sustainable Growth Development Policy Loan

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The Second Electricity Reform for Sustainable Growth Development Policy Loan (DPL) operation, in the amount of US400 million dollars supports the efforts of the Government of Dominican Republic (GoDR) to implement a comprehensive reform in the electricity sector. The operation is the second in a programmatic DPL series of two operations to address the country’s decades-long challenge of unreliable, high-cost, and carbon-intensive electricity services. The DPL program supports fundamental policy and institutional reforms for: (i) strengthening sector governance by updating the legal and regulatory framework and strengthening the institutional set-up, with an emphasis on tackling persistent governance challenges in electricity distribution; (ii) enhancing climate mitigation and social and environmental sustainability by supporting measures to implement the country’s low-carbon energy transition and strengthen system resilience to climate change; and (iii) improving the financial sustainability and operational performance of the electricity sector, while protecting poor households. The World Bank (WB) Board of Executive Directors approved the Electricity Reform for Sustainable Growth Development Policy Financing (in the amount of US400 million dollars on March 31, 2022, with the same program objectives