World Bank Document

The World Bank Implementation Status & Results Report Power Sector Recovery Project (P146696)

Power Sector Recovery Project (P146696)

Implementing Agencies: Ministry of Energy and Hydraulics, The Republic of Guinea, Electricite de Guinee (EDG), UnitÃ© de Gestion du PRSE/MEH, UnitÃ© de Gestion du Projet/EDG

Key Dates

Key Project Dates

Bank Approval Date: 16-Jun-2014 Effectiveness Date: 30-Jan-2015 Planned Mid Term Review Date: 16-Nov-2017 Actual Mid-Term Review Date: 30-Apr-2018 Original Closing Date: 31-Dec-2019 Revised Closing Date: 31-Dec-2020 pdoTable

Public Disclosure Authorized Project Development Objectives

Project Development Objective (from Project Appraisal Document) The Project Development Objective (PDO) is to improve the technical and commercial performance of the national power utility.

Has the Project Development Objective been changed since Board Approval of the Project Objective? No

Components Table

Name Support the improvement of EDGâs performance through a Management Services Contract:(Cost $16.00 M) Improvement of Conakry Distribution Network and Commercial Performance of EDG:(Cost $46.70 M) Public Disclosure Authorized Technical Assistance, Capacity building and Project Implementation Support:(Cost $12.30 M)

Overall Ratings

Name Previous Rating Current Rating

Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating High Substantial

Implementation Status and Key Decisions

The detailed project progress by the components can be summarized as follows: The component 1 – Management service contract (MSC) of Electricité de Guinée (EDG): the four-year MSC has been fully implemented and ended on October 9, 2019 and the final technical contract audit by the MSC auditor (PWC) was submitted in Feb. 2020.

Public Disclosure Authorized The transition from MSC to a Management led by a team of competitively recruited Guineans, assisted by a management support operator (MSO) is not yet over. The Board of Directors appointed in August 2019 took over from the MSC Contractor and appointed an interim management team. Through a competitive selection by the Board of Directors assisted by a project financed HR firm, a Director General (DG) was hired and appointed in January 2020 and directors are hired. A Management MSO was selected, and its experts will be deployed as soon as restrictions imposed by COVID-19 are lifted.

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The implementation of Component 2 (Improvement of Conakry Distribution Network and Commercial Performance of EDG) and Component 3 (Technical assistance, capacity building and support to project implementation) is Satisfactory. The Contracts for works of the initial project financing including the rehabilitation of distribution network in Dixinn; the regularization of illegal connections in Kaloum, Ratoma and Matoto have been fully implemented. Component 3 mainly financed the MSC technical auditor, the electricity anti-fraud policy. The financial restructuring plan of EDG is 60% completed.

Risks

Systematic Operations Risk-rating Tool

Risk Category Rating at Approval Previous Rating Current Rating

Political and Governance -- High Substantial Macroeconomic -- Substantial Moderate Sector Strategies and Policies -- Substantial Substantial Technical Design of Project or Program -- Moderate Low Institutional Capacity for Implementation and -- Substantial Moderate Sustainability Fiduciary -- Substantial Moderate Environment and Social -- Substantial Substantial Stakeholders -- High Substantial Other -- -- Substantial Overall -- High Substantial

Results

PDO Indicators by Objectives / Outcomes

Improve the technical performance of the national power utility

IN00859060 ►Direct project beneficiaries (Number, Custom)