Click here for search results
Attention : The Projects Database's project details page has been redesigned. Please click here to view the redesigned page.
Dominican Republic Power Sector Program - Second Generation Reforms 
 
The power sector program consists of two policy-based loans and an investment loan for transmission and service expansion, and, seeks to support the Government's strategy for the recovery of the power sector, and in particular to: improve the quality of service, especially by reducing the widespread blackouts of recent years; establish conditions that would permit the financial sustainability of all efficiently-operated companies in the sector; and, increase the percentage of the population with access to electricity. This first policy-based loan - Programmatic Power Sector Reform Loan Project - will support the initial phase of the financial recovery of the sector, to stabilize power supply, improve cash recovery, and pursue cost and arrears control. In the medium-term, lower costs and higher cash recovery would tend to reduce prices, and allow the expansion of affordable electricity service to the urban and rural poor. Nevertheless, several significant elements of risk have been identified, such as deterioration in the macroeconomic framework; erosion in both Government and public support for the reform program; continued weakness of the regulatory and policy-making institutions; continued existence of high levels of corruption; and, failure to improve performance of the nationalized EDE - power distribution company, exacerbated by continued weaknesses in the transmission network. The project will certainly improve service and access to legal electricity connections, but risks will also be minimized by engaging the private sector over the medium-term, and by the institutional strengthening support to be provided under the Power Sector Technical Assistance Loan.** 
  Last Updated  April 20 2014
Basic Information
Project StatusClosed 
Region Latin America And Caribbean 
Country/AreaDominican Republic 
Major Sector (Sector) (%) Energy and mining (Power) (100%) 
Old Major SectorN/A  
Old SectorN/A  
Env CategoryU  
Project IDP082712 
Bank Team Lead (Last Name, First)Cayo, Juan  
Approval Date10-MAY-2005  
Closing Date30-MAR-2009  
Borrower/RecipientDOMINICAN REPUBLIC  
Implementing AgencyGOVERNMENT  

Financial
Main Loan/Credit #72920  
IBRD Commitment *150 
IDA Commitment *
IBRD + IDA Commitment *150 
Grant Amount *
Total Project Cost *150 
Product LineIBRD/IDA 
Lending InstrumentProgrammatic Structural Adjustment Loan 

Development Outcomes And Goals
Targeted Thematic Outcomes...Supporting this Broader Dev't Goal
Debt management and fiscal sustainabilityDevelop global partnership for development (MDG); N/A (CAP)
Urban services and housing for the poorN/A (CAP)
Rural services and infrastructureN/A (CAP)
Corporate governanceInvestment climate (CAP); International financial architecture (GPG)
Regulation and competition policyInvestment climate (CAP)
Available Project Documents***
For a short project overview, please consult the Project Information Document if available.
 
Implementation Completion and Results Report (ICR), Vol.1 of 1 -22-SEP-2009 
Tranche Release Document (TRD), Vol.1 of 1 -13-DEC-2006 
Loan Agreement (LA), Vol. -12-MAY-2005 
Loan Agreement (), Vol. -12-MAY-2005 
Program Document (PGD), Vol.1 of 1 -12-APR-2005 
Program Document (PGD), Vol.1 of 1 -12-APR-2005 
Integrated Safeguards Data Sheet (ISDS), Vol.1 of 1 -16-FEB-2005 
Project Information Document (PID), Vol.1 of 1 -31-JAN-2005 
Integrated Safeguards Data Sheet (ISDS), Vol.1 -18-APR-2003 
Project Information Document (PID), Vol.1 -16-APR-2003 
 

*Commitment at Board in USD$ millions. Does not reflect any cancellations. Pipeline and dropped projects display the forecast amount. Total project cost includes non-Bank funding.

** The project summary is drawn from the PAD, SAR, or PGD abstract and may not accurately reflect the project's current nature.

*** Project documents are posted to this website as soon as they reach certain milestones (more info.). For example, Project Appraisal Documents are processed and made available through this website a few days after Board approval. If you find that a report which should be here is unavailable, contact Infoshop .
Projects Home | Advanced Projects Search | Contract/Contractors Search | Browse | Help/FAQ
Disclaimer: Terms & Conditions