The World Bank Implementation Status & Results Report
Electricity Sector Efficiency and Supply Reliability Program (P171296)
Electricity Sector Efficiency and Supply Reliability Program (P171296)
MIDDLE EAST AND NORTH AFRICA | Jordan | Energy & Extractives Global Practice | Requesting Unit: MNC02 (399)
| Responsible Unit: IMNE1 (9263)
IBRD/IDA | Program-for-Results Financing | FY 2023 | Team Leader(s): Mohamed Zakaria Kamh, Yanchao Li, Artur
Kochnakyan
Seq No: 3 | Archived on 22-Nov-2024 | ISR02131 | Created by: Mohamed Zakaria Kamh on 17-Oct-2024 | Modified by:
Mohamed Zakaria Kamh on 15-Nov-2024
1. PROJECT DEVELOPMENT OBJECTIVE
1.1 Development Objective
Original Development Objective (Approved as part of Approval package on 31-Mar-2023)
The Program development objectives are to improve efficiency of the electricity sector, maintain the supply of
transmission grid-connected renewable energy and the reliability of electricity service, and strengthen NEPCO’s
governance.
2. OVERALL RATINGS
Name Previous Current
Progress towards achievement of PDO Satisfactory Satisfactory
Overall Implementation Progress (IP) Satisfactory Satisfactory
Overall Risk Rating Substantial Substantial
3. KEY ISSUES & STATUS
3.1 Implementation Status and Key Decisions
The Program-for-Results (PforR) operation became effective on August 11, 2023. The PforR operation is supporting
several key activities from the Government Program for Electricity Sector Efficiency, Supply Reliability, and Financial
Sustainability (2023-2030). The PforR operation, supported by the World Bank, is focused on critical measures to: (a)
help the sector improve its efficiency through cost saving and additional revenue measures; (b) maintain reliable
supply of electricity; (c) improve the National Electric Power Company’s (NEPCO’s) governance; and (d) strengthen
the management of fiscal risks from new public-private partnership projects in the electricity sector. The ratings
towards the achievement of the Program Development Objectives and Overall Implementation Progress are
Satisfactory, given that all responsible agencies (NEPCO, Energy and Minerals Regulatory Commission and Ministry
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of Finance) have achieved and verified/on track to validate the achievement of Disbursement Linked Result (DLR)
targets for the period December 31, 2023 - June 30, 2024.
4. DATA ON FINANCIAL PERFORMANCE
4.1 Disbursements (by loan)
Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed
IBRD-95100 Effective 250.00 250.00 0.00 156.12 93.88 62.45%
4.2 Key Dates (by loan)
Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing
IBRD-95100 Effective 31-Mar-2023 17-Apr-2023 11-Aug-2023 31-Aug-2026 31-Aug-2026
4.3 Program Action Plan
EMRC increases NEPCO’s bulk supply tariff to allow for additional revenues due to reduction
Action Description
of loss and O&M allowance for distribution companies
Source DLI# Responsibility Timing Timing Value Status
Technical NA EMRC Recurrent Yearly In Progress
Completion EMRC Decision on revised bulk supply tariff for NEPCO
Measurement
Action completed for 2023. In 2024, EMRC has consistently been issuing – and closely
Comments following up the implementation of - the relevant regulatory decisions to achieve the target.
Develop Standard Operating Procedures consistent with GRM Design principles as per ESSA
Action Description
Section 6
Source DLI# Responsibility Timing Timing Value Status
Within 6 months
Environmental and
NA NEPCO Other of the Program Not Yet Due
Social Systems
effectiveness
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
Completion GRM Procedures effective. Thereafter report to the Bank on grievances as per procedure
Measurement
Comments no comments
Identify roles, responsibilities and authorities for EHS management at central and regional
Action Description levels of NEPCO, covering construction, contractor management, and operations. Prepare
org chart clearly presenting such EHS roles and responsibilities.
Source DLI# Responsibility Timing Timing Value Status
Within 6 months
Environmental and
NA NEPCO Other of the Program In Progress
Social Systems
effectiveness
Completion Organizational chart effective
Measurement
Ongoing, with potential delay till December 2024. NEPCO will send details on progress with
establishing the ESMS system. NEPCO advised
Comments
that additional documents and SOPs will be sent to the Bank by Novermber 30, 2024.
Action Description EMRC approves the fixed charge for RE based self-generators
Source DLI# Responsibility Timing Timing Value Status
1st quarter of
Technical NA EMRC Other 2023, 2024 and In Progress
2025
Completion EMRC Decision on new distribution tariff reflective of reduced loss and O&M expenditure
Measurement allowance is approved with loss and O&M allowance targets as per the Government Program
Action completed for 2023. In 2024, EMRC has consistently been issuing – and closely
Comments following up the implementation of - the relevant regulatioy decisions to achieve the target
EMRC issues the letter on monthly basis to Attarat Project Company requesting to transfer
Action Description
the mining royalty to NEPCO
Source DLI# Responsibility Timing Timing Value Status
Technical NA EMRC Recurrent Monthly In Progress
Completion The letter is issued each month and evidence is provided to the Bank to confirm.
Measurement
Comments On track. The letter is issued each month and evidence is provided to the Bank to confirm.
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Action Description NEPCO’s annual audited financial statements are issued
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Recurrent Yearly In Progress
Completion NEPCO audited financial statement
Measurement
NEPCO published its annual audit report and audited financial statements for the year ending
Comments December 31, 2023. The auditor has issued a qualified opinion on the audited financial
statements. NEPCO should submit the management letter for same period.
New Internal controls framework will be adopted by NEPCO that is consistent with best
Action Description
practices
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Due Date 28-Dec-2023 Completed
Completion Report on internal controls framework
Measurement
NEPCO has formulated a time-bound plan to implement the Internal Audit recommendations
Comments to enhance NEPCO's internal controls in the finance, administrative affairs, and store
Departments by December 31, 2025.
New internal audit methodologies based on risk, new internal audit charter, new internal
Action Description audit manual, and new guidance notes on internal audit documentation and testing will be
developed and operationalized by NEPCO
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Due Date 31-Dec-2024 Completed
Completion To be verified by IVA for DLI 4 on governance
Measurement
NEPCO provided the results of the assessment of the Internal Controls framework for three
Comments of its departments, namely Finance, Administrative Affairs, and Stores, which the Internal
Audit Department completed.
Complaints records are to be uploaded and published through JONEPS platform, otherwise,
Action Description agencies to keep a log of cases and their resolution and adopt publication on individual
websites
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Recurrent Yearly In Progress
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Completion Annual review of complaints records
Measurement
Action Met for 2023. On track for 2024 - A complaint log is maintained. NEPCO confirmed
Comments that no procurement complaints have been reported in 2024 yet.
Enhance, extend, and revise existing EHS management system to cover planning,
Action Description construction and operation phase, and to be aligned with international standards, ISO 14001
and ISO 45001, national legislation and good international industry practice.
Source DLI# Responsibility Timing Timing Value Status
Environmental and
NA NEPCO Due Date 30-Jun-2024 In Progress
Social Systems
Gap analysis of current ESMS to international standards, GIIP, and ISO 14001 and 45001;
Completion
ESMS Manual prepared and rolled out; revised template of incidents and accidents reporting
Measurement
to include near-miss, and root cause analysis.
In Progress - NEPCO will send details on progress with establishing the ESMS system. NEPCO
Comments advised that additional documents and SOPs will be sent to the Bank by October 31, 2024
Strengthen ESHS capacity through: recruiting community liaison officers; increasing number
Action Description of accredited HSE officers; developing a partnership with relevant biodiversity and
community development organizations; and providing ESMS induction training.
Source DLI# Responsibility Timing Timing Value Status
Within 12 months
Environmental and
NA NEPCO Other of program Completed
Social Systems
effectiveness
Assign/recruit 2-4 qualified community liaison officers; sign biodiversity and community
Completion
development MOU; increase no. of accredited HSE officers; develop ESMS induction program
Measurement
for all NEPCO staff; provide technical training on ESMS for EHS dept.
A total of 13 CLOs have been assigned for all maintenance departments and substations. 53
Comments staff have completed their OHS training and accreditation program through the Vocational
Training Corporation (VTC).
Action Description NEPCO ensure that its fixed assets are recorded and depreciated following IFRS
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Recurrent Yearly
Completion NEPCO Accounting policies
Measurement
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
Comments no comments
NEPCO Board approves Technology architecture with a defined implementation timeline and
Action Description
governance framework
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Due Date 30-Jun-2027
Completion NEPCO Board of Directors’ decision
Measurement
Comments no comments
NEPCO performs annual stocktaking of its fixed assets, ensures each asset has specific asset
Action Description
tag, and match its own land titles with the Land and Survey Department
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Recurrent Yearly
Completion Annual review of NEPCO asset registrar
Measurement
Comments no comments
Action Description All Procurement Complaints processed through JONEPS
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Recurrent Yearly
Completion Annual review of complaints records
Measurement
Comments no comments
In 2025, for purchase of goods up to 60,000JD, and for works up to 500,000JD, 80% and 50%
Action Description
will use JONEPS, respectively
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Due Date 31-Dec-2025
Completion Annual review of NEPCO’s procurement logs
Measurement
Comments no comments
Action Description In 2026, 100% of the purchase of Goods and Works shall be in JONEPS
Source DLI# Responsibility Timing Timing Value Status
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
Fiduciary Systems NA NEPCO Due Date 31-Dec-2026
Completion Annual review of NEPCO’s procurement logs
Measurement
Comments no comments
NEPCO prepares solid procurement plans yearly, updates them quarterly and reflects plan
Action Description
versus actual execution of the plan, to allow monitoring the full Procurement Cycle.
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Recurrent Yearly
Completion Annual review of NEPCO’s procurement plan and log
Measurement
Comments no comments
NEPCO maintains an updated log for checking and clearing the shortlisted consultants and
Action Description awarded bidders against the ACG/WB debarment list. NEPCO ensures that as part of any bids
under the Program, a self-declaration form is submitted by each bidder
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Recurrent Yearly
Completion Annual review of NEPCO’s procurement plan and log
Measurement
Comments no comments
Action Description NEPCO obtains ISO 14001: 2015 and ISO 45001:2018 accreditation
Source DLI# Responsibility Timing Timing Value Status
Environmental and
NA NEPCO Due Date 30-Jun-2027
Social Systems
Completion ISO certificates obtained
Measurement
Comments no comments
EMRC finalize and roll out Standard Operating Procedures on Stakeholder Engagement and
Action Description
GM
Source DLI# Responsibility Timing Timing Value Status
Environmental and
NA EMRC Due Date 31-Dec-2025
Social Systems
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
Completion SOPs for GM prepared and rolled out
Measurement
Comments no comments
Strengthen E&S capacity for relevant staff in different areas, including Community Liaison
Action Description
Officers, Environmental Staff, and others
Source DLI# Responsibility Timing Timing Value Status
Environmental and
NA NEPCO Due Date 30-Jun-2027
Social Systems
Training needs assessment completed. Training plan prepared, and at minimum the
Completion following trainings are implemented: ESMS and stakeholder engagement and GM according
Measurement to international best practices.
Comments no comments
NEPCO Board of Directors strengthened NEPCO’s internal audit independence by
Action Description withdrawing the Internal Audit department from non-audit functions, in line with
International Standards on Auditing (ISA) and NEPCO’s Internal Audit bylaw.
Source DLI# Responsibility Timing Timing Value Status
Fiduciary Systems NA NEPCO Due Date 30-Jun-2026
NEPCO’s Board issued a decision to strengthen NEPCO’s internal audit independence by
Completion withdrawing the Internal Audit department from non-audit functions, in line with
Measurement International Standards on Auditing (ISA) and NEPCO’s Internal Audit bylaw.
Comments no comments
5. KEY DATES
Key Events Planned Actual
Approval 31-Mar-2023 31-Mar-2023
Effectiveness 11-Aug-2023 11-Aug-2023
Mid-Term Review No. 01 28-Feb-2025
Operation Closing/Cancellation 31-Aug-2026
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
6. SYSTEMATIC OPERATIONS RISK-RATING TOOL
Rating at Approval Last Approved Rating
Risk Category Approval Package - ISR Seq. 02 - 28 Apr Proposed Rating
31 Mar 2023 2024
Political and Governance Substantial Substantial Substantial
Macroeconomic Substantial Substantial Substantial
Sector Strategies and Policies Substantial Substantial Substantial
Technical Design of Project or Program Moderate Moderate Moderate
Institutional Capacity for Implementation and
Substantial Substantial Substantial
Sustainability
Fiduciary Substantial Substantial Substantial
Environment and Social Moderate Moderate Moderate
Stakeholders Moderate Moderate Moderate
Overall Substantial Substantial Substantial
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
7. RESULTS
7.1 PDO Indicators by PDO Outcomes
Electricity Sector Efficiency
Baseline Actual (Previous) Actual (Current) Closing Period
Indicator Name
Value Month/Year Value Date Value Date Value Month/Year
JOD 0 Jan/2023 In 2023.,NEPCO 31-Dec-2023 In 31-Dec-2023 JOD 55 million Jun/2026
has achieved 43 2023.,NEPCO
Total cost savings and M JOD as has achieved
additional revenues of increased 43 M JOD as
NEPCO (Text) DLI revenue from increased
this measure revenue from
this measure
Electricity Supply Adequacy and Reliability
Baseline Actual (Previous) Actual (Current) Closing Period
Indicator Name
Value Month/Year Value Date Value Date Value Month/Year
At least 26% Dec/2021 In 2023, NEPCO 31-Dec-2023 By June 2024, 30-Jun-2024 At least 26% Dec/2025
received more NEPCO
than 3000 GWh received more
of Renewable than 2000
Share of renewable energy in
energy from GWh of
the electricity supply mix
the IPPs Renewable
(Text) DLI
energy from
the IPPs
(target was
1370 GWh)
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
Number of electricity service 0.34 Dec/2022 In 2023, SAIFI 31-Dec-2023 In 2023, SAIFI 31-Dec-2023 Not exceeding Jun/2026
interruptions per customer was 0.2346 was 0.2346 0.5
(Text)
Electricity Sector Governance
Baseline Actual (Previous) Actual (Current) Closing Period
Indicator Name
Value Month/Year Value Date Value Date Value Month/Year
NEPCO has Dec/2022 By December 31-Dec-2023 DLR #4.2: By 30-Jun-2024 (a) NEPCO Dec/2024
been partially 31, 2023, (a) June 30, 2024, continues to
implementing NEPCO (a) the GOJ as implement the
the elements disclosed shareholder adopted 3-year
of newly- separated 2022 maintained financing plan
introduced annual financial the Board of for its
corporate accounts for NEPCO with operations; (b)
governance each of its four strengthened the
structure (4) business composition, Government as
units; (b) the role, and shareholder
Board of responsibilities maintains the
Improvement of NEPCO's
NEPCO in accordance Board of
corporate governance
approved a 3- with the NEPCO with
(Text) DLI
year financing Charter of strengthened
plan for its NEPCO; (b) the composition,
operations and Risk and Audit role, and
thereafter Committee responsibilities
NEPCO maintained its in accordance
implements it; composition with the
(c) the GOJ as and role and Charter of
shareholder continues NEPCO; (c) the
mintained the implementing Risk and Audit
Board of its Committee
NEPCO with responsibilities maintains its
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
strengthened consistent composition
composition, with the Board and role and
role, and of NEPCO continues
responsibilities Resolution No. implementing
in accordance 87, dated its
with the October 4, responsibilities
Charter of 2020; and (c) consistent with
NEPCO; and (d) the Strategy the Board of
the Board of and Risk NEPCO
NEPCO Management Resolution No.
reviewed, Function 87, dated
approved and continued to October 4,
monitored the be 2020; (d) the
implementation implemented Strategy and
of NEPCO's in accordance Risk
strategy, with the Board Management
budget, and risk of NEPCO Function
profile with Resolution No. continues to be
defined 50, dated implemented in
financial and August 22, accordance
non-financial 2021. with the Board
KPIs. of NEPCO
Resolution No.
50, dated
August 22,
2021; and (e)
the Board of
NEPCO
continues
reviewing,
approving and
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
monitoring
implementation
of NEPCO's
strategy,
budget, and risk
profile with
defined
financial and
non-financial
KPIs.
7.2 Intermediate Results Indicators by Results Areas
Electricity Sector Efficiency
Baseline Actual (Previous) Actual (Current) Closing Period
Indicator Name
Value Month/Year Value Date Value Date Value Month/Year
EMRC makes appropriate No Jan/2023 Yes 14-Mar-2024 Yes 31-Oct-2024 Yes Apr/2023
regulatory changes to
implement adjustments to
electricity loss and O&M
expenditure allowances for
distribution companies
(Yes/No)
EMRC issues the circular on No Jan/2023 Yes 14-Mar-2024 Yes 31-Oct-2024 Yes Jun/2023
network use charge for self-
generators of renewable
energy (Yes/No)
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Replacement of FSRU with No Jan/2023 No 14-Mar-2024 No 14-Mar-2024 Yes May/2026
FSU and construction of
onshore regasification unit
are completed (Yes/No)
NEPCO does Jan/2023 NEPCO 14-Mar-2024 NEPCO received 15 14-Mar-2024 NEPCO Jun/2026
not receive received 15 M M JOD in royalty receives
NEPCO receives Attarat royalty JOD in royalty payments from royalty
Project's mining royalty payments due payments from Attarat Project till payments due
payments (Text) by Attarat Attarat Project December 2023 from Attarat
Project till December Project each
2023 month
Electricity Supply Adequacy and Reliability
Baseline Actual (Previous) Actual (Current) Closing Period
Indicator Name
Value Month/Year Value Date Value Date Value Month/Year
At least 2,530 Jan/2023 In 2023, as per 14-Mar-2024 By June 2024, as 30-Jun-2024 At least 2,530 Aug/2026
GWh per year the final per the final GWh per year
accepted accepted invoices
invoices from from the IPPs,
Maintaining adequate
the IPPs, NEPCO procured
supply of transmission
NEPCO 2071 GWh (since
network connected
procured January 1, 2024) of
renewables in the electricity
3525.51 GWh wind and solar
supply mix (Text)
(since January power.
1, 2023) of
wind and solar
power.
NEPCO implements at least Yes Jan/2023 Yes 14-Mar-2024 Yes 14-Mar-2024 Yes Dec/2025
90 percent of its annual
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maintenance program
(Yes/No) DLI
Electricity Sector Governance
Baseline Actual (Previous) Actual (Current) Closing Period
Indicator Name
Value Month/Year Value Date Value Date Value Month/Year
New Jan/2023 This action is 14-Mar-2024 This action is met 30-Jun-2024 New Dec/2025
transmission- postponed to for June 2024. No transmission-
connected June 30, 2024 new transmission connected
generation as per GoJ connected generation
investments request to the generation/storage and storage
are not Bank, to projects were investments
always accommodate initiated for are: (a)
economically additional procurement by consistent
justified and essential then. with NEPCO's
New investments in financially scenarios to be Generation
transmission-connected efficient modeled, Master Plan,
electricity generation and driven by the exclusive of
storage are economically ongoing fully grant-
justified, financially efficient, regional conflict financed
and climate responsive that impacts projects,
(Text) Jordan which takes
economic into account
growth. the target of
at least 31% of
renewable
energy in the
electricity
supply mi by
2030,
including
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
transmission
and
distribution-
connected
generation;
and (b)
competitively
procured
consistent
with the Public
Procurement
By-Law and
PPP
Legislation.
NEPCO has Jan/2023 By December 14-Mar-2024 By June 30, 2024, 14-Mar-2024 (a) the Jun/2024
been partially 31, 2023, (a) (a) the GOJ as Government,
implementing NEPCO shareholder as
the elements disclosed maintained the shareholder,
of newly- separated 2022 Board of NEPCO maintains the
introduced annual financial with strengthened Board of
corporate accounts for composition, role, NEPCO with
Improvement of NEPCO's
governance each of its four and responsibilities strengthened
corporate governance
structure (4) business in accordance with composition,
(Text)
units; (b) the the Charter of role, and
Board of NEPCO; (b) the responsibilities
NEPCO Risk and Audit in accordance
approved a 3- Committee with the
year financing maintained its Charter of
plan for its composition and NEPCO; (b) the
operations and role and continues Risk and Audit
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thereafter implementing its Committee
NEPCO responsibilities maintains its
implements it; consistent with the composition
(c) the GOJ as Board of NEPCO and role and
shareholder Resolution No. 87, continues
mintained the dated October 4, implementing
Board of 2020; and (c) the its
NEPCO with Strategy and Risk responsibilities
strengthened Management consistent
composition, Function with the Board
role, and continued to be of NEPCO
responsibilities implemented in Resolution No.
in accordance accordance with 87, dated
with the the Board of October 4,
Charter of NEPCO Resolution 2020; and (c)
NEPCO; and (d) No. 50, dated the Strategy
the Board of August 22, 2021. and Risk
NEPCO Management
reviewed, Function
approved and continues to
monitored the be
implementation implemented
of NEPCO's in accordance
strategy, with the Board
budget, and risk of NEPCO
profile with Resolution No.
defined 50, dated
financial and August 22,
non-financial 2021
KPIs.
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Electricity Sector Efficiency and Supply Reliability Program (P171296)
7.3 Disbursement Linked Indicators (DLI)
Actual (Previous) Actual (Current)
PBC Name Baseline Closing Period
Value Date Value Date
DLR is met. In 2023, DLR #1.4: From
NEPCO realized 43 January 1, 2026 to
M JOD as additional June 30, 2026,
revenue due to the Target for this DLR NEPCO achieves a
1:Achievement of implemented cost due by Dec. 31, 2024 total cost savings
cost saving and Value JOD 0.
saving and revenue is on track to be and additional
additional revenue enhancement 31-Dec-2023 achieved. 31-Oct-2024 revenues in the
targets (Text) measures. This amount of JOD
Not Due exceeds the set 55,000,000
target of 30 M JOD. equivalent in JOD.
Allocated
0.00 0.00 18,000,000.00
Amount
DLI allocation 76,000,000.00
DLR is achieved. In Target for this DLR DLR #2.5: From
NEPCO received
2023, as per final due by June 30, 2024 January 1, 2026 to
2:Maintaining 1,370 GWh and 1,160
accepted invoices was achieved. By June 30, 2026,
adequate supply of GWh of electricity
submitted by the June 30, 2024, as per NEPCO received
renewables in the from solar PV and
Value IPPs, NEPCO 31-Dec-2023 final accepted 30-Jun-2024 at least 1,370
electricity supply wind projects in first
received total invoices submitted GWh of electricity
mix (Text) and second
procured GWh by the IPPs, NEPCO from solar and
Achieved semesters of 2022
(since January 1, received total wind power
respectively.
2023) of 3525.51 procured GWh (since plants
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GWh, which January 1, 2024) of
exceeds the DLR’s 2071 GWh, which
target of 1160 GWh exceeds the DLR’s
target of 1370 GWh
Allocated
0.00 0.00 5,000,000.00
Amount
DLI allocation 30,000,000.00
Target for this DLR
due by June 30, 2024
was achieved. By
June 30, 2024, as per
This DLR is final accepted
3:Maintaining Domestic network- achieved. In 2023, invoices submitted
reliability of Value wide SAIFI was 0.34 EMRC indicated by the IPPs, NEPCO -
electricity supply in 2022. that System SAIFI 31-Dec-2023 received total 30-Jun-2024
(Text) was 0.2346 procured GWh (since
Achieved January 1, 2024) of
2071 GWh, which
exceeds the DLR’s
target of 1370 GWh
Allocated
0.00 0.00 0.00
Amount
DLI allocation 30,000,000.00
This DLI is achieved. This DLI is achieved. DLR #4.5: By June
4:Improvement of NEPCO has been
By December 31, DLR #4.2: By June 30, 30, 2026, EMRC
NEPCO's corporate partially
2023, (a) NEPCO 2024, (a) the GOJ as reviews the
Value implementing the 31-Dec-2023 30-Jun-2024
governance (Text) disclosed separated shareholder current electricity
elements of newly-
Achieved 2022 annual maintains the Board market structure
introduced corporate
financial accounts of NEPCO with in accordance
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governance for each of its four strengthened with the General
structure. (4) business units; composition, role, Electricity Law
(b) the Board of and responsibilities in and issues a
NEPCO approved a accordance with the recommendation
3-year financing Charter of NEPCO; (b) to the
plan for its the Risk and Audit Government on
operations and Committee maintains the need for
thereafter NEPCO its composition and electricity sector
implements it; (c) role and continues reforms, if any.
the GOJ as implementing its
shareholder responsibilities
maintained the consistent with the
Board of NEPCO Board of NEPCO
with strengthened Resolution No. 87,
composition, role, dated October 4,
and responsibilities 2020; and (c) the
in accordance with Strategy and Risk
the Charter of Management
NEPCO; and (d) the Function continues to
Board of NEPCO be implemented in
reviewed, approved accordance with the
and monitored Board of NEPCO
implementation of Resolution No. 50,
NEPCO's strategy, dated August 22,
budget, and risk 2021.
profile with defined
financial and non-
financial KPIs
Allocated
0.00 0.00 4,000,000.00
Amount
Apr 13, 2025 Page 20 of 23
The World Bank Implementation Status & Results Report
Electricity Sector Efficiency and Supply Reliability Program (P171296)
DLI allocation 50,000,000.00
The outstanding
balance of MOF This first reporting The Bank awaits
advance to NEPCO of this DLI is Dec updates from GoJ on
5:Reduction of MOF and the outstanding 2024. The Bank the progress towards
Advance and MOPIC Value -
balance of MOPIC team will report achieving DLR 5.1
Loans to NEPCO loans to NEPCO were during upcoming 19-Jun-2023 (due by Dec. 31, 31-Oct-2024
(Text) not converted into ISR 2024)
Not Due NEPCO's equity.
Allocated
0.00 0.00 0.00
Amount
DLI allocation 20,000,000.00
The Government
The Bank awaits
budget financed
6:Improvement of updates from GoJ on
entities do not fully
payment discipline This DLR is the progress towards
Value settle their electricity -
by the Government achieved. achieving DLR 6.2
bills within financing 31-Dec-2023 31-Oct-2024
Budget Financed (due by Dec. 31,
allocated as per
Entities (Text) 2024)
General Budget Law.
Not Due
Allocated
0.00 0.00 0.00
Amount
DLI allocation 20,000,000.00
7:New investments DLR #7.5: From
New transmission-
in transmission- This DLR is January 1, 2026 to
connected
connected postponed to June June 30, 2026,
generation This DLR was met for
electricity Value 2024 at the 31-Dec-2023 30-Jun-2024 new transmission-
investments are not June 2024
generation and Government's connected
always economically
storage are request generation and
justified, financially
economically storage
Apr 13, 2025 Page 21 of 23
The World Bank Implementation Status & Results Report
Electricity Sector Efficiency and Supply Reliability Program (P171296)
justified, financially efficient, and climate investments
efficient, and responsive. continue to be:
climate responsive (a) consistent
(Text) with NEPCO's
Achieved Generation
Master Plan
exclusive of fully
grant-financed
projects, which
takes into account
the target of at
least 31% of
renewable energy
in the electricity
supply mix,
including
transmission and
distribution-
connected
generation; and
(b)ompetitively
procured in
accordance with
the Public
Procurement By-
Law and PPP
Legislation.
Allocated
0.00 0.00 3,000,000.00
Amount
DLI allocation 15,000,000.00
Apr 13, 2025 Page 22 of 23
The World Bank Implementation Status & Results Report
Electricity Sector Efficiency and Supply Reliability Program (P171296)
The target for this
This DLR is achieved
DLR is on track to be
for December 2023.
achieved by Dec. 31,
TFCF does not carry There were not any
2024. Moreover,
out annual new PPAs executed
There were not any
8:Improvement of evaluation of during 2023 that
new PPAs executed
electricity sector Value contingent liabilities would require TCFC -
during 2023 that
fiscal risk and direct fiscal costs to review the 31-Dec-2023 31-Oct-2024
would require TCFC
management (Text) of electricity sector associated
to review the
Not Due PPP pipeline. contingent
associated
liabilities and fiscal
contingent liabilities
risks.
and fiscal risks.
Allocated
0.00 0.00 0.00
Amount
DLI allocation 8,375,000.00
Apr 13, 2025 Page 23 of 23