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Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
08 Mar 2006
PDS Updated as of
21 Jan 2013
Project Name
Country
Bangladesh
Project/Program Number
36107-013
Status
Approved
Geographical Location
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Thematic Classification
FINANCING
Type/Modality of Assistance Loan Loan TOTAL Approval Number 2333 2332 Source of Funding Asian Development Fund Ordinary capital resources Counterpart Approved Amount (US$ thousand) 5,000 400,000 274,900 US$ 679,900
SAFEGUARD CATEGORIES
For more information about the safeguard categories, please see http://www.adb.org/site/safeguards/safeguard-categories
Environment
Involuntary Resettlement
Indigenous Peoples
DESCRIPTION
Building on the first power sector development program approved in 2003, the policy loan aims to provide further support and incentives to the Government for power sector reform activities through financial stabilization of sector entities and their improved governance. The investment loan will be linked to the ongoing power sector reforms and will expand power supply capacity, enhance transmission network reliability, and improved quality of supply in Dhaka and surrounding areas. The entire exercise of the Sustainable Power Sector Development Program is to support economic growth of the country and gradually relieve the Government of financially supporting the power sector.
DEVELOPMENT IMPACT
Increased capacity and reliable power supply for sustained economic growth.
PROJECT OUTCOME
Description of Outcome Progress Towards Outcome
1. Improved power sector sustainability through financial and By 10 October 2012, the project has reduced line losses organizational restructuring 2. Expanded peak generation from 3.4% to 3.1% under PGCB, from 16.7% to 11.29% capacity and reduction of load shedding 3. Improved power under DESCO and from 30% to 13.47% under DPDC. transmission capacity and reduction of transmission system losses in Dhaka area 4. Institutional capacity development
Construction of clean natural gas-fired power plants Construction and augmentation of transmission systems Distribution system upgraded in DESCO Area Distribution system upgraded in DPDC Area Institutional Capacity Development Fully functional legal and regulatory framework Financial restructuring of power sector entities with increased public-private partnership
Cumulative contract awards and disbursements of the Project as of 10 October 2012 were $352.81million and $304.67 million respectively, or 84.6% and 75.2% of the loan amount. Overall progress of the Project was 79% compared to a revised elapsed loan closing period of 84.5% under Loan 2332 and 81.20% under Loan 2333. By 10 October 2012, the project has added transmission and distribution capacity by 238 MVA and 1,555 MVA respectively.The project has also added 157 km 132kV transmission line in the report period.
BUSINESS OPPORTUNITIES
Date of First Listing 08 Mar 2006
Consulting Services
Consultants will be recruited in accordance with ADB's Guidelines on the Use of Consultants, and other arrangements satisfactory to ADB for the engagement of consultants.
Procurement
Good and services financed by ADB will be procured following ADB's Guidelines for Procurement. For such procurement, bid specifications will be prepared so as to ensure maximum competition under international competitive bidding.
http://www.adb.org/projects/36107-013/business-opportunities
TIMETABLE
Concept Clearance 31 Oct 2005
Fact-finding
29 Jun 2006
Approval
26 Jun 2007
MILESTONES
Closing Approval No. Loan 2332 Loan 2333 Approval 26 Jun 2007 26 Jun 2007 Signing 28 Jun 2007 28 Jun 2007 Effectivity Original 24 Sep 2007 24 Sep 2007 30 Jun 2010 30 Jun 2010 Revised 30 Sep 2013 31 Dec 2013 Actual
STATUS OF COVENANTS
Covenants are categorized under the following categoriesaudited accounts, safeguards, social, sector, financial, economic, and others. Covenant compliance is rated by category by applying the following criteria: (i) Satisfactoryall covenants in the category are being complied with, with a maximum of one exception allowed, (ii) Partly Satisfactorya maximum of two covenants in the category are not being complied with, (iii) Unsatisfactorythree or more covenants in the category are not being complied with. As per the 2011 Public Communications Policy, covenant compliance ratings for Project Financial Statements apply only to projects whose invitation for negotiation falls after 2 April 2012.
Category Approval No. Sector Social Financial Economic Others Safe Project Financial Statements
Executing Agencies
Dhaka Power Distribution Company Ltd. (DPDC) Mr. A F M Faridul Haque Ministry of Power, Energy and Mineral Resources Mr. Md. Abul Kalam Azad Dhaka Electric Supply Company Ltd. (DESCO) Mr. Saleh Ahmed Power Grid Company of Bangladesh, Ltd.(PGCB)
Mr. Md. Ruhul Amin Bangladesh Power Development Board (BPDB) A S M Alamgir Kabir
LINKS
Project Website http://www.adb.org/projects/36107-013/main
http://www.adb.org/projects/36107-013/documents