Databasexls - Asian Development Bank Fighting Poverty in Asia by decree

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									 Country              ADB Title           ADB       Assistance    Type of     Type of   Date of
                                        Reference   ($ Million)   Project      ADB     Approval
                                                                            Investment


           RURAL ELECTRIFICATION
BAN        PROJECT                     1356            31.8       Project     Loan       May-95



BAN        NINTH POWER PROJECT         1505            92.9       Project     Loan       Dec-96


           DHAKA POWER SYSTEM
BAN        UPGRADE PROJECT             1730            54.3       Project     Loan       Dec-99


           DHAKA POWER SYSTEM
BAN        UPGRADE PROJECT             1731            82.0       Project     Loan       Dec-99


           WEST ZONE POWER SYSTEM
BAN        DEVELOPMENT PROJECT         1884            47.6       Project     Loan       Dec-01


           West Zone Power System
BAN        Development Project         1885           138.7       Project     Loan       Dec-01


           RURAL ELECTRIFICATION
BHU        PROJECT                     1375             4.8       Project     Loan        Sep-95


           SUSTAINABLE RURAL
BHU        ELECTRIFICATION PROJECT     1712             7.2       Project     Loan       Nov-99


           POWER REHABILITATION
CAM        PROJECT                     1345            19.2       Project     Loan       Dec-94


           PROVINCIAL POWER SUPPLY
CAM        PROJECT                     1794            14.4       Project     Loan       Dec-00


           SECOND NORTH MADRAS
IND        THERMAL POWER PROJECT       1029           200.0       Project     Loan       Aug-90


           POWER EFFICIENCY (SECTOR)
IND        PROJECT                     1161           250.0       Sector      Loan       Mar-92


           POWER TRANSMISSION SECTOR
IND        PROJECT                   1405             275.0       Sector      Loan       Nov-95
      POWER TRANSMISSION
      IMPROVEMENT SECTOR
IND   PROJECT                    1764   250.0   Sector    Loan   Oct-00


      GUJARAT POWER SECTOR
IND   DEVELOPMENT PROGRAM        1803   150.0   Program   Loan   Dec-00


      GUJARAT POWER SECTOR
IND   DEVELOPMENT PROGRAM        1804   200.0   Project   Loan   Dec-00
      MADHYA PRADESH POWER
      SECTOR DEVELOPMENT
IND   PROGRAM                    1868   150.0   Program   Loan   Dec-01
      MADHYA PRADESH POWER
      SECTOR DEVELOPMENT
IND   PROJECT                    1869   200.0   Project   Loan   Dec-01



INO   POWER XX PROJECT           1032   235.0   Project   Loan   Sep-90



INO   POWER XXI PROJECT          1092   300.0   Project   Loan    Jul-91



INO   POWER XX11 PROJECT         1172   350.0   Project   Loan   Aug-92



INO   POWER XXIII PROJECT        1271   275.0   Project   Loan   Nov-93


      SUMATRA POWER
INO   TRANSMISSION PROJECT       1320   272.0   Project   Loan   Sep-94
      POWER DEVELOPMENT AND
      EFFICIENCY ENHANCEMENT
INO   PROJECT                    1397   337.0   Project   Loan   Oct-95


      POWER SECTOR
INO   RESTRUCTURING PROGRAM      1673   380.0   Program   Loan   Mar-99
      CAPACITY BLDG FOR
      ESTABLISHMENT OF A
      COMPETITIVE ELCTRCTY
INO   MKRT                       1674   20.0      TA      Loan   Mar-99


      POWER & DISTRICT HEATING
KGZ   REHABILITATION PROJECT     1443   20.5    Project   Loan   Jun-96
LAO   XESET HYDROPOWER PROJECT 1063      2.1    Project   Loan   Dec-90


      NAM SONG HYDROPOWER
LAO   DEVELOPMENT PROJECT        1214   22.4    Project   Loan   Dec-92
      NAM NGUM-LUANG PRABANG
      POWER TRANSMISSION
LAO   PROJECT                    1308    2.7    Project   Loan   Aug-94


      THEUN-HINBOUN
LAO   HYDROPOWER PROJECT         1329   40.9    Project   Loan   Nov-94


      NAM LEUK HYDROPOWER
LAO   PROJECT                    1456   36.0    Project   Loan   Sep-96


      POWER TRANSMISSION &
LAO   DISTRIBUTION PROJECT       1558   22.1    Project   Loan   Sep-97


      PASIR GUDANG COMBINED-
MAL   CYCLE GENERATION PROJECT   1105   203.0   Project   Loan   Oct-91



MAL   SARAWAK POWER PROJECT      1174   49.5    Project   Loan   Aug-92


      SECOND POWER SYSTEM
MLD   DEVELOPMENT PROJECT        1121    6.8    Project   Loan   Nov-91


      THIRD POWER SYSTEM
MLD   DEVELOPMENT PROJECT        1532    5.1    Project   Loan   Sep-97
      OUTER ISLANDS
      ELECTRIFICATION SECTOR
MLD   PROJECT                    1887    6.3    Sector    Loan   Dec-01



MON   EGIIN HYDROPOWER PROJECT   1152    2.8     TA       Loan   Jan-92


      POWER REHABILITATION
MON   PROJECT                    1334   27.1    Project   Loan   Nov-94


      ENERGY CONSERVATION
MON   PROJECT                    1492    6.9    Project   Loan   Nov-96
      ULAANBAATAR HEAT
MON   EFFICIENCY PROJECT          1548   29.5    Project   Loan   Sep-97



NEP   SEVENTH POWER PROJECT       1011   40.5    Project   Loan   Jan-90


      KALI GANDAKI "A"
NEP   HYDROELECTRIC PROJECT       1452   110.9   Project   Loan   Jul-96
      RURAL ELECTRIFICATION,
      DISTRIBUTION AND
NEP   TRANSMISSION PROJECT        1732   36.2    Project   Loan   Dec-99


      WAPDA ELEVENTH POWER
PAK   PROJECT                     1073   215.0   Project   Loan   Dec-90


      WAPDA TWELFTH POWER
PAK   (SECTOR) PROJECT            1143   125.0   Sector    Loan   Dec-91


      WAPDA TWELFTH POWER
PAK   (SECTOR) PROJECT            1144   91.5    Sector    Loan   Dec-91


      KESC SIXTH POWER (SECTOR)
PAK   PROJECT                     1314   100.0   Sector    Loan   Sep-94


      KESC SIXTH POWER (SECTOR)
PAK   PROJECT                     1315   69.3    Sector    Loan   Sep-94


      GHAZI BAROTHA
PAK   HYDROPOWER PROJECT          1424   300.0   Project   Loan   Jan-96


      ENERGY SECTOR
PAK   RESTRUCTURING PROGRAM       1807   300.0   Program   Loan   Dec-00


      ENERGY SECTOR
PAK   RESTRUCTURING PROGRAM       1808   39.1    Program   Loan   Dec-00
      ENERGY SECTOR
      RESTRUCTURING SUPPORT TA
PAK   LOAN                        1809    3.9      TA      Loan   Dec-00


      16TH POWER (MASINLOC
PHI   THERMAL POWER) PROJECT      1042   200.0   Project   Loan   Oct-90
      MERALCO DISTRIBUTION
PHI   PROJECT                    1207   138.0   Project   Loan   Dec-92


      POWER TRANSMISSION
PHI   PROJECT                    1288   164.0   Project   Loan   Dec-93
      NORTHERN LUZON
      TRANSMISSION & GENERATION
PHI   PROJECT                   1398    244.0   Project   Loan   Nov-95
      LEYTE-MINDANAO
      INTERCONNECTION
PHI   ENGINEERING PROJECT        1474    5.3      TA      Loan   Sep-96


      POWER TRANSMISSION
PHI   REINFORCEMENT PROJECT      1590   191.4   Project   Loan   Dec-97


      POWER SECTOR
PHI   RESTRUCTURING PROGRAM      1662   300.0   Program   Loan   Dec-98


      SHANXI-LIULIN THERMAL
PRC   POWER PROJECT              1091   65.0    Project   Loan    Jul-91


      GUANGZHOU PUMPED
PRC   STORAGE STAGE II PROJECT   1242   200.0   Project   Loan   Aug-93


      HUNAN LINGJINTAN
PRC   HYDROPOWER PROJECT         1318   116.0   Project   Loan   Sep-94
      QITAIHE THERMAL ENERGY &
      ENVIRONMENTAL
PRC   IMPROVEMENT PROJECT        1328   165.0   Project   Loan   Oct-94



PRC   HENAN POWER PROJECT        1400   200.0   Project   Loan   Nov-95


      FUJIAN MIANHUATAN
PRC   HYDROPOWER PROJECT         1417   170.0   Project   Loan   Dec-95
      ANHUI FUYANG ENGINEERING
      TECHNICAL ASSISTANCE
PRC   PROJECT                  1463      2.0      TA      Loan   Sep-96


      NORTHEAST POWER
PRC   TRANSMISSION               1582   150.0   Project   Loan   Nov-97
      YUNNAN DACHOASHAN
      POWER TRANSMISSION
PRC   PROJECT                    1644   100.0   Project   Loan   Nov-98


      WIND POWER DEVELOPMENT
PRC   PROJECT                    1818   58.0    Project   Loan   Dec-00
      SHEN-DA POWER
      TRANSMISSION AND GRID
PRC   REHABILITATION PROJECT     1901   100.0   Project   Loan   Dec-01


      EMERGENCY POWER
SAM   REHABILITATION PROJECT     1019    0.4    Project   Loan   May-90


      AFULILO HYDROELECTRIC
SAM   PROJECT-SUPPL.             1228    1.5    Project   Loan   Apr-93


      POWER SECTOR IMPROVEMENT
SAM   PROJECT                  1886      4.7    Project   Loan   Dec-01


      SECOND POWER EXPANSION
SOL   PROJECT                    1064    3.3    Project   Loan   Dec-90


      SRI LANKA POWER SYSTEM
SRI   EXPANSION                  1021   57.0    Sector    Loan   May-90


      SECOND POWER SYSTEM
SRI   EXPANSION SECTOR PROJECT   1414   53.5    Sector    Loan   Dec-95


      POWER REHABILITATION
TAJ   PROJECT                    1817   26.6    Project   Loan   Dec-00


      MAE MOH POWER
THA   TRANSMISSION PROJECT       1022   48.8    Project   Loan   Jun-90


      SEVENTH POWER
THA   DISTRIBUTION PROJECT       1151   109.0   Sector    Loan   Jan-92


      THIRD POWER TRANSMISSION
THA   EXPANSION (SECTOR) PROJECT 1170   94.3    Sector    Loan    Jul-92
      FOURTH POWER
      TRANSMISSION EXPANSION
THA   (SECTOR) PROJECT           1245   115.6   Sector    Loan   Aug-93
           EIGHTH POWER DISTRIBUTION
THA        (SECTOR) PROJECT          1246   134.6   Sector    Loan   Aug-93


           RURAL ELECTRIFICATION
THA        PROJECT                   1429   100.0   Project   Loan   Jan-96


           POWER DEVELOPMENT
TON        PROJECT                   1079    5.1    Project   Loan   Feb-91


           SECOND POWER
TON        DEVELOPMENT PROJECT       1497    3.4    Project   Loan   Dec-96


           POWER DISTRIBUTION
VIE        REHABILITATION PROJECT    1358   50.9    Project   Loan   Jun-95
           CENTRAL & SOUTHERN
           VIETNAM POWER DISTRIB
VIE        PROJECT                   1585   73.0    Project   Loan   Nov-97

      89
Borrower/ Guarantor Executing   Executing   Ownership     Initial/    Related    Date of
                     Agency      Agency                   Repeat     Reference   Close
                    Acronym                                           Reports


People's Republic of
Bangladesh                                              BAN0655                    Jun-00 ADF


People's Republic of
Bangladesh                                              BAN0720                            ADF


People's Republic of
Bangladesh                                              BAN0392                            ADF


People's Republic of
Bangladesh                                              BAN0705                            OCR


People's Republic of
Bangladesh                                              BAN0195                            ADF


People's Republic of
Bangladesh                                              BAN0705                            OCR



Kingdom of Bhutan                                       BHU0450                    Apr-00 ADF



Kingdom of Bhutan                                       BHU0051                            ADF


Kingdom of
Cambodia                                                CAM0410                    Sep-00 ADF


Kingdom of
Cambodia                                                CAM0021                            ADF



India                                                   IND0080                    Oct-00 OCR



India                                                   IND0079                    Dec-98 OCR
Power Grid
Corporation of India
Limited                                                 IND0087                            OCR
Power Grid
Corporation of India
Limited                 IND0087         OCR



India                   IND0156         OCR



India                   IND0156         OCR



India                   IND0159         OCR



India                   IND0064         OCR



Republic of Indonesia   INO0815   Apr-00 OCR



Republic of Indonesia   INO0815   Sep-98 OCR



Republic of Indonesia   INO0815   Jan-00 OCR



Republic of Indonesia   INO0815         OCR



Republic of Indonesia   INO0817   Jun-01 OCR



Republic of Indonesia   INO0817         OCR



Republic of Indonesia   INO0011         OCR



Republic of Indonesia   INO0190         OCR


KYRGYZ
REPUBLIC                KGZ0035         ADF
Lao People's
Democratic Republic    LAO0400   Nov-92 ADF


Lao People's
Democratic Republic    LAO0400   Apr-97 ADF


Lao People's
Democratic Republic    LAO0400   Aug-98 ADF


Lao People's
Democratic Republic    LAO0500   Oct-98 ADF


Lao People's
Democratic Republic    LAO0400         ADF


Lao People's
Democratic Republic    LAO0400         ADF


Tenaga Nasional
Berhad                 MAL0006   Dec-92 OCR


Sarawak Electricity
Supply Corporation     MAL0880    Jul-96 OCR



Republic of Maldives   MLD0250   Dec-97 ADF



Republic of Maldives   MLD0035         ADF



Republic of Maldives   MLD0002         ADF



Mongolia               MON0010    Jul-99 ADF



Mongolia               MON0025    Jul-01 ADF



Mongolia               MON0025   Aug-01 ADF
Mongolia              MON0025         ADF



Kingdom of Nepal      NEP0560   Aug-99 ADF



Kingdom of Nepal      NEP0560         ADF



Kingdom of Nepal      NEP0565         ADF


Islamic Republic of
Pakistan              PAK0948   Aug-97 OCR


Islamic Republic of
Pakistan              PAK0945   Nov-00 OCR


Islamic Republic of
Pakistan              PAK0945   Nov-00 ADF


Islamic Republic of
Pakistan              PAK0480         OCR


Islamic Republic of
Pakistan              PAK0480         ADF


Islamic Republic of
Pakistan              PAK0945         OCR


Islamic Republic of
Pakistan              PAK0006         OCR


Islamic Republic of
Pakistan              PAK0006         ADF


Islamic Republic of
Pakistan              PAK0557         ADF


Republic of the
Philippines           PHI0010   Jan-99 OCR
Manila Electric Co.   PHI0210   Oct-00 OCR


Republic of the
Philippines           PHI0010   Apr-01 OCR


Republic of the
Philippines           PHI0010   Oct-00 OCR


Republic of the
Philippines           PHI0010   May-01 OCR


Republic of the
Philippines           PHI0010         OCR


Republic of the
Philippines           PHI0002         OCR


China, People's
Republic of           PRC0140   Mar-97 OCR


China, People's
Republic of           PRC0054   Dec-00 OCR


China, People's
Republic of           PRC0180   Nov-01 OCR


China, People's
Republic of           PRC0067         OCR


China, People's
Republic of           PRC0290   Nov-01 OCR


China, People's
Republic of           PRC0088         OCR


China, People's
Republic of           PRC0255   Sep-00 OCR


China, People's
Republic of           PRC0317   Dec-01 OCR
China, People's
Republic of              PRC0281         OCR


China, People's
Republic of              PRC0908         OCR


China, People's
Republic of              PRC0114         OCR


Independent State of
Western Samoa            SAM0480   Jan-94 ADF


Independent State of
Western Samoa            SAM0480   Jan-95 ADF



Treasury Department      SAM0480         ADF



Solomon Islands          SOL0600   Feb-95 ADF


Democratic Socialist
Republic of Sri Lanka    SRI0090   Jul-98 ADF


Democratic Socialist
Republic of Sri Lanka    SRI0090         ADF


Republic of
Tajikistan               TAJ0065         ADF


Electricity Generating
Authority of Thailand    THA0300   Jun-93 OCR


Metropolitan
Electricity Authority    THA0540   Apr-98 OCR


Electricity Generating
Authority of Thailand    THA0300   Jul-98 OCR



Kingdom of Thailand      THA0300   Jul-99 OCR
Metropolitan
Electricity Authority    THA0540   Nov-99 OCR


Provincial Electricity
Authority                THA0800   Jun-99 OCR



Kingdom of Tonga         TON0650   Mar-96 ADF



Kingdom of Tonga         TON0650   Oct-99 ADF


Soc. Rep. of Viet
Nam                      VIE0430         ADF


Soc. Rep. of Viet
Nam                      VIE0431         ADF
Country   Reference                            Project/Title                    Assistance ($   Type of    Type of     Date of
                                                                                   Million)     Project   Investmen   Approval
                                                                                                              t
 BAN        1743      Review of Electricity Legislation and Regulations             0.090        A&O         TA        Aug-92



 BAN        1962      Preparation of Power System Master Plan                       0.600        A&O         TA        Oct-93



 BAN        2004      Financial Management Upgrade of Bangladesh Power              1.000        A&O         TA       Nov-93
                      Development Board and Dhaka Electric


 BAN        2338      Solicitation for Private Sector Implementation of the         0.211        A&O         TA       May-95
                      Meghnaghat Power


 BAN        2338      Solicitation for Private Sector Implementation of the         0.222        A&O         TA        Mar-97
                      Meghnaghat Power (Suppl.)


 BAN        2338      Solicitation for Private Sector Implementation of the         0.165        A&O         TA        Aug-98
                      Meghnaghat Power (Suppl.)


 BAN        2715      Valuation of Assets of Dhaka Electric Supply Company          0.175        A&O         TA        Dec-96



 BAN        3244      Capacity Building of the Dhaka Electric Supply Co. Ltd.       0.090        A&O         TA        Aug-99



 BAN        3343      Corporatization of the Ashuganj Power Station                 1.000        A&O         TA        Dec-99
BAN   3801   Corporatization of the West Zone Distribution Operations of the   0.900   A&O   TA   Dec-01
             Bangladesh Power Development


IND   1365   Tamil Nadu Electricity Board Operational Improvement              0.740   A&O   TA   Aug-90



IND   1366   Environment Monitoring and Pollution Control                      0.490   A&O   TA   Aug-90



IND   1701   Training Workshop on Environmental Issues Related to Electric     0.100   A&O   TA   May-92



IND   1756   Study of Bulk Power and Transmission Tariffs and                  0.600   A&O   TA   Sep-92
             Transmission


IND   2116   Power System Planning in Orissa                                   0.600   PP    TA   Jun-94



IND   2490   Development of a Framework for Electricity Tariffs in Andra       0.300   A&O   TA   Dec-95
             Pradesh


IND   2738   Preparation of a Power System Master Plan for the State of        0.600   A&O   TA   Dec-96
             Gujarat


IND   2739   Development of a Framework for Electricity Tariffs in Gujarat     0.300   A&O   TA   Dec-96



IND   2740   Review of Electricity Legislation and Regulations in Gujarat      0.235   A&O   TA   Dec-96
IND   2741   Financial Management Support to Kheda & Rajkot Distribution   0.580   A&O   TA   Dec-96
             Centers of the Gujarat Electricity Board


IND   2742   Solicitation of Private Sector Implementation of the Chhara   0.375   A&O   TA   Dec-96
             Combined Cycle Plant


IND   2980   Madhya Pradesh Power Sector Development                       1.000   A&O   TA   Jan-98



IND   3305   Support to the Power Finance Corporation                      1.000   A&O   TA   Nov-99



IND   3380   Private Sector Participation in Electricity Transmission      0.600   A&O   TA   Dec-99



IND   3573   Reorganization Plan for Gujarat Electricity Board             0.600   A&O   TA   Dec-00



IND   3574   Consumer Awareness and Participation in Power Sector          0.050   A&O   TA   Dec-00
             Reforms


IND   3575   Support to Gujarat Electricity Regulatory Commission          0.450   A&O   TA   Dec-00



IND   3734   Kerala Power Sector Development Program                       0.800   PP    TA   Oct-01



INO   1330   Study on Electricity Tariff Adjustment Mechanism              0.100   A&O   TA   Jun-90
INO   1488   Geothermal Steam Pricing Study                                   0.100   A&O   TA   Feb-91



INO   1545   Environmental Impact Assessment for the Tampur Hydropower        0.560   PP    TA   Jul-91
             Sche


INO   1546   Power Demand Analysis for Java                                   0.510   A&O   TA   Jul-91



INO   1739   Environmental Planning and Management of Coal-Fired Power        0.200   A&O   TA   Aug-92
             Plan


INO   2171   Environment and Energy Efficiency                                0.416   A&O   TA   Sep-94



INO   2227   Load Characteristics Survey Outside Java                         0.600   A&O   TA   Dec-94



INO   2429   Strategic Planning for Power Sector Study                        0.590   A&O   TA   Oct-95



INO   2430   Geothermal Power Development Study                               0.310   A&O   TA   Oct-95



INO   2633   Electricity Tariff Rationalization Study                         0.353   A&O   TA   Aug-96



INO   3027   Revaluation of the Operating Assets of P.T. Perusahaan Listrik   0.938   A&O   TA   Jun-98
INO   3083   Development of Power Sector Restructuring Policy            0.150   A&O   TA   Oct-98



INO   3113   Developing Policy Framework to Rationalize Power Purchase   0.000   A&O   TA   Dec-98
             from


INO   3481   Outer Island Electrification                                0.800   PP    TA   Aug-00



INO   3807   Regional Power Transmission and Competitive Market          0.500   PP    TA   Dec-01
             Development


KGZ   2542   Revaluation and Tariff Study for Kyrgyz National Energy     0.310   A&O   TA   Mar-96
             Holding Company (KNEHC)


LAO   909    Xeset Hydropower (Supplementary)                            1.000   A&O   TA   Dec-90



LAO   1301   Nam Ngum-Luang Prabang Power Transmission (Part C)          0.960   A&O   TA   Mar-90



LAO   1301   Nam Ngum-Luang Prabang Power Transmission (Part C)          1.034   A&O   TA   Oct-92
             (Supplement


LAO   1532   Feasibility Study of Nam Song-Nam Leuk Hydropower           1.300   PP    TA   Jul-91
             Development


LAO   2054   Theun-Hinboun Power                                         0.100   A&O   TA   Jan-94
LAO   2479   Power Transmission and Distribution                            0.250   PP    TA   Dec-95



LAO   2569   Corporate and Financial Development of Electricite du Lao      0.340   A&O   TA   May-96



LAO   2583   Power System Planning in the Ministry of Industry and          0.600   A&O   TA   Jun-96
             Handicraft


LAO   2728   Study for Establishing the National Grid Company               0.600   A&O   TA   Dec-96



LAO   2926   Nam Ngum 500 kV Power Transmission                             0.580   PP    TA   Nov-97



LAO   3087   Northern Area Rural Power Distribution                         0.510   PP    TA   Oct-98



LAO   3225   Analyzing and Negotiating Financing Options for the Nam Leuk   0.140   A&O   TA   Jul-99
             Hydropower Project Cost Overruns


LAO   3374   Power Sector Strategy Study                                    0.800   A&O   TA   Dec-99



MON   1653   Egiin Hydropower                                               1.400   PP    TA   Jan-92



MON   2035   CES Institutional and Tariff Study                             0.500   A&O   TA   Dec-93
MON   2093   Power Rehabilitation                                             0.100   PP    TA   May-94



MON   2095   Power System Master Plan Study                                   0.595   A&O   TA   Jun-94



MON   2610   Ulaanbaatar Heat Rehabilitation                                  0.450   PP    TA   Jul-96



MON   2887   Egiin Hydropower BOT                                             0.150   PP    TA   Oct-97



MON   3016   Energy Rehabilitation                                            0.000   PP    TA   May-98



MON   3029   Improving Energy Authority's Billing and Collection System       0.450   A&O   TA   Jun-98



NEP   1267   Institutional Support for Distribution Planning and Commercial   0.780   A&O   TA   Jan-90



NEP   1688   Study on the Macro Impact of Energy Projects                     0.098   A&O   TA   Apr-92



NEP   1737   Kali Gandaki "A" Hydroelectric                                   1.000   PP    TA   Jul-92



NEP   1737   Kali Gandaki "A" Hydroelectric                                   1.000   PP    TA   Jul-92
NEP   2614   Power System Masterplan                                          0.600   A&O   TA   Jul-96



NEP   2911   Rural Electrification and Distribution Improvement               0.450   PP    TA   Nov-97



NEP   3193   Transmission Planning in Kathmandu Valley                        0.100   PP    TA   May-99



NEP   3552   Management Reforms and Efficiency Improvements for the           0.800   A&O   TA   Nov-00
             Nepal Electricity Authority


PAK   1809   Energy Sector Restructuring Support Ta Loan                                    TA   Dec-00



PHI   1372   Review of National Power Corporation's Asset Revaluation         0.096   A&O   TA   Sep-90



PHI   1966   Long-Term Power System Planning Study                            0.600   A&O   TA   Oct-93



PHI   2435   Formation of Power Transmission Subsidiary                       0.500   A&O   TA   Nov-95



PHI   2653   Leyte-Mindanao Interconnection Engineering                       0.575   PP    TA   Sep-96



PHI   3126   Study on Electricity Pricing and Regulatory Practice in a Comp   0.600   A&O   TA   Dec-98
PHI   3127   Consumer Impact Assessment                             0.720   A&O   TA   Dec-98



PHI   3422   Rural Electrification Institutional Strengthening      0.750   A&O   TA   Mar-00



PHI   3516   Rural Electrification                                  0.600   PP    TA   Oct-00



PHI   3820   Competition Policy for the Electricity Sector          0.990   A&O   TA   Dec-01



PRC   1543   Institutional Development of the Power Company         0.500   A&O   TA   Jul-91



PRC   1544   Power System Planning                                  0.600   PP    TA   Jul-91



PRC   1628   Energy-cum-Electricity Demand and Supply Analysis      0.600   A&O   TA   Dec-91



PRC   1734   Hunan Lingjintan Hydro Power                           0.100   PP    TA   Jul-92



PRC   1867   Power Subsector Energy Conservation Study in Jiangsu   0.480   A&O   TA   Apr-93
             Province


PRC   1919   Qitaihe Thermal Power                                  0.438   PP    TA   Aug-93
PRC   1920   Electricity Efficiency Study                                   0.340   A&O   TA   Aug-93



PRC   1921   Financial and Management Information Systems Study             0.375   A&O   TA   Aug-93



PRC   1922   Support for Power Sector Tariff and Financing Reforms          0.450   A&O   TA   Aug-93



PRC   1950   Hunan Lingjintan Hydropower                                    0.100   PP    TA   Sep-93



PRC   2085   Preliminary Analysis of the Fujian Mianhuatan Hydropower and   0.100   PP    TA   Apr-94
             Henan Power Projects


PRC   2168   Fujian Mianhuatan Hydropower                                   0.385   PP    TA   Sep-94



PRC   2169   Institutional Strengthening of the Hunan Electric Power        0.400   A&O   TA   Sep-94
             Company


PRC   2170   Introducing BOO/BOT Concept for Shanghai Waigaoqiao            0.600   A&O   TA   Sep-94
             Stage II Project


PRC   2191   Institutional and Management Strengthening of HEPC             0.600   A&O   TA   Oct-94



PRC   2192   Energy Efficiency and Environmental Improvement Study          0.150   A&O   TA   Oct-94
PRC   2270   Henan Integrated Power                                            0.100   PP    TA   Dec-94



PRC   2309   Preliminary Analysis of Guizhou Hongjiadu Hydropower and          0.100   A&O   TA   Mar-95
             Hebei Zhanghewan Pumped Storage


PRC   2310   Preliminary Analysis of Gansu Xiaoxia and Jiangxi Taihe           0.100   A&O   TA   Mar-95
             Hydropower


PRC   2341   Anhui Fuyang Thermal Power                                        0.500   PP    TA   Jun-95



PRC   2363   Support of Corporatization Plan Preparation for Fujian Province   0.070   A&O   TA   Jul-95
             Electric Power Bureau


PRC   2398   Improving Environmental Monitoring and Enforcement in             0.090   A&O   TA   Sep-95
             Henan Province


PRC   2436   Strengthening EPH Power System Planning Capability                0.422   A&O   TA   Nov-95



PRC   2472   Implementation of the Fujian Provincial Electric Power Bureau     0.300   A&O   TA   Dec-95
             Corporatization and Restructuring


PRC   2476   Guizhou Hongjiadu Hydropower                                      0.599   PP    TA   Dec-95



PRC   2477   Hebei Zhanghewan Pumped Storage                                   0.512   PP    TA   Dec-95
PRC   2477   Hebei Zhanghewan Pumped Storage (Supplementary)               0.340   PP    TA   Feb-99



PRC   2477   Hebei-Zhanghewan Pumped Storage (Supplementary)               0.148   PP    TA   Sep-01



PRC   2509   Strengthening Financial Management in Provincial Power        0.720   A&O   TA   Dec-95
             Utilities


PRC   2510   Policy, Regulatory and Institutional Framework for Foreign    0.751   A&O   TA   Dec-95
             Direct Investment in the PRC Power Sector


PRC   2620   Northeast Power Transmission                                  0.590   PP    TA   Jul-96



PRC   2730   BOT Changsha Power                                            0.597   A&O   TA   Dec-96



PRC   2789   Strengthening Power Sector Demand Side Management in          0.575   A&O   TA   May-97
             Guangdong


PRC   2842   Yunnan Dachaoshan Power Transmission                          0.550   PP    TA   Aug-97



PRC   2917   Power Sector Restructuring                                    0.805   A&O   TA   Nov-97



PRC   2919   Institutional Strengthening of the Northeast Electric Power   0.336   A&O   TA   Nov-97
             Group Corporation
PRC   2932   North Power Transmission                                      0.500   PP    TA   Dec-97



PRC   3036   Power Rehabilitation and Environmental Improvement            1.000   PP    TA   Jun-98



PRC   3056   Renewable Energy Development                                  0.656   PP    TA   Aug-98



PRC   3071   Wind Power Development                                        0.600   PP    TA   Sep-98



PRC   3105   Institutional Reform of Yunnan Electric Power Group           0.785   A&O   TA   Nov-98
             Corporation


PRC   3346   Shen-Da Power Transmission and Grid Rehabilitation            0.700   PP    TA   Dec-99



PRC   3369   Rural Electricity Supply Study                                0.700   A&O   TA   Dec-99



PRC   3547   Interregional Power Transmission Network Development          0.800   A&O   TA   Nov-00
             Strategy


PRC   3730   Gansu Hydropower                                              0.950   PP    TA   Sep-01



SAM   1303   Consultancy Services Related to the Western Samoa Emergency   0.040   A&O   TA   May-90
             Power Rehabilitation Loan
SAM   1311   Power System Planning Study                                   0.140   A&O   TA   Jun-90



SAM   2267   Institutional Support and Power Development Study for EPC     0.350   PP    TA   Dec-94



SAM   3203   Institutional Strengthening of Electric Power Corporation     0.150   A&O   TA   Jun-99



SAM   3808   Strengthening Energy Loss Reduction and Maintenance           0.150   A&O   TA   Dec-01
             Management


SRI   1307   Rural Electrification Development                             0.445   A&O   TA   May-90



SRI   1308   Preparation of CEB's New Thermal Power Station                0.000   PP    TA   May-90



SRI   1309   Institutional Review and Development of CEB                   0.700   A&O   TA   May-90



SRI   1309   Institutional Review and Development of CEB (Supplementary)   0.125   A&O   TA   Jun-91



SRI   2595   Power Distribution Restructuring and Regulation               0.000   A&O   TA   Jun-96



SRI   2795   Energy Sector Strategy Study                                  0.100   A&O   TA   May-97
SRI   3141   Power Sector Restructuring                               1.000   PP    TA   Dec-98



SRI   3857   Restructuring of the Power Sector - Phase II             0.800   A&O   TA   Apr-02



THA   1651   Accounting and Financial System Expansion                0.500   A&O   TA   Jan-92



THA   2886   Rural Electrification and System Improvement             0.600   PP    TA   Oct-97



VIE   2345   Improvement of Financial and Accounting Systems of the   1.200   A&O   TA   Jun-95
             Power C


VIE   2346   Training in Distribution Planning                        0.247   A&O   TA   Jun-95



VIE   2470   Central and Sothern Viet Nam Power Distribution          0.508   PP    TA   Dec-95



VIE   2888   Improvement of the Power Sector Regulatory Framework     0.800   A&O   TA   Oct-97



VIE   2897   Commercialization of Power Companies                     0.900   A&O   TA   Oct-97



VIE   3140   Energy Sector Profile Study                              0.060   A&O   TA   Dec-98
VIE   3222   Se San 3 Hydropower                0.998       PP    TA   14 Juli 99



VIE   3763   Road Map for Power Sector Reform   0.400       A&O   TA    Nov-01



                                                 73.75395
Borrower/   Executing   Executing Agency   Ownership   Initial/   Reports   Date of
Guarantor    Agency                                    Repeat               Closure
            Acronym




             BPDB




             DESCO



             DESCO
TNEB




APSEB
PFC
EdL
      NEA



                                                           Active   3820



      NPC




PHI   NPC   National Power Corporation   Public   Repeat
HEPC
HEPC
 SP



YEPG
CEB
19990630   20000630          0          0   0



19991231   20010630   20020331   20021231   0
0   0   0   0   0



0   0   0   0   0




0   0   0   0   0
  ADB
Assistance
  in the
 Power
  ADB
Assistance
  in the
 Power



  ADB
Assistance
  in the
 Power
  ADB
Assistance
  in the
 Power



  ADB
Assistance
  in the
 Power
  ADB
Assistance
  in the
 Power
14
Country        Project/Title        Executing       Ref     Year ocr/ r/cc RNFA RNFA RNFA                SFR     SFR      SFR         DSCR DSCR DSCR               AR       AR      AR      D/E Rate    D/E     D/E     ROE    ROE     ROE                          Others1                           Score    Status
                                     Agency                      adf       Target Score Status          Target   Score   Status       Target Score Status         Target   Score   Status              Score   Status   Rate   Score   Status


 PHI      Sixteenth Power         National Power    1042-   1997   ocr   r    8%   0        The    y    20%       1      Compli   y     1      0      Not     y    90       1                  x        x                x      x                                        x                             x
          (Masinloc Thermal        Corporation       PHI                                  RORB,                             ed                     comple
          Power) Project                                                                  which                           with,                     d with
                                                                                         average                         but LA                    in 1997
                                                                                          d 7.4%                          1398-                        &
 PHI      Sixteenth Power         National Power    1042-   1998         cc   8%   0        The    cc   20%       1      Compli   c    1.3     0     from     c    90       1                  x        x                x      x                                        x                             x
          (Masinloc Thermal        Corporation       PHI                                  RORB,                             ed                       1998
          Power) Project                                                                  which                           with,                    onward
                                                                                         average                         but LA                     s. Not
                                                                                          d 7.4%                          1398-                    comple
 PHI      Meralco Distribution    Manila Electric   1207-   1993   ocr   r    8%   0.5     from
                                                                                         Meralco y      20%       1        PHI    y    1.3     1    d with    y    45       1                  x        x                x      x                                        x                             x
          Project                   Company          PHI                                 failed to
                                                                                         meet the
 PHI      Power Transmission      National Power    1288-   1995   ocr   r    8%   0.5             y    20%       1               y    1.3     1   Covena           x       x                  x        x                x      x               Gov't & NPC shall ensure that the tariff structure     FV
          Project                  Corporation       PHI                                                                                           nt was                                                                                       incorporates automatic adjustment for variations in
                                                                                                                                                                                                                                                the costs of fuel and purchased power and foreign-
                                                                                                                                                   modifie                                                                                      exchange rates.
                                                                                                                                                     d in
                                                                                                                                                   LA139
 PHI      Northern Luzon          National Power    1398-   1995   ocr   r    8%   0.5    RORB            x       x               y    1.0     1   DSCR             x       x                  x        x                x      x               NPC will prepare, before the end of 1996, a             0     No policy
          Transmission and         Corporation       PHI                                 for 1996                                                    was                                                                                        proposed policy on pricing of fuel supplied to IPPs             in the
                                                                                                                                                                                                                                                                                                              pricing of
          Generation Project                                                               was                                                     1.56 in
                                                                                                                                                                                                                                                                                                               fuel was
                                                                                          above                                                     1996,                                                                                                                                                     proposed
                                                                                         8%, but                                                   but fell                                                                                                                                                       or
 PHI      Northern Luzon          National Power    1398-   2000         cc   8%   0.5                    x       x               c    1.3     0   DSCR             x       x                  x        x                x      x                                        x                             x
          Transmission and         Corporation       PHI                                                                                             fell
          Generation Project                                                                                                                       below
                                                                                                                                                     1.0
 PHI      Leyte-Mindanao          National Power    1474-          ocr   x    x    x                      x       x                     x      x                    x       x                  x        x                x      x               Submit a tariff proposal to ERB by 31 December         FV
          Interconnection          Corporation       PHI                                                                                                                                                                                        1996 based on marginal costs, phasing out of cross
                                                                                                                                                                                                                                                subsidies, and to accurately reflect fixed and
          Engineering                                                                                                                                                                                                                           variable costs, And ensure that the new rate
                                                                                                                                                                                                                                                structure is implemented by 31 March 97.

 PHI      Power Transmission      National Power    1590-   1998   ocr   r    7%   0     7% then          x       x               y     1      0     1.0            x       x                  x        x                x      x                                        x                             x
          Reinforcement Project    Corporation       PHI                                   8%                                                       until
                                                                                          from                                                      1999
                                                                                          1999
 PHI      Power Transmission      National Power    1590-   2000         c    8%   0     7% then          x       x               c    1.3     0    1.3 in          x       x                  x        x                x      x                                        x                             x
          Reinforcement Project    Corporation       PHI                                   8%                                                      2000 &
                                                                                          from                                                     thereaft
 PHI                                                        1999   ocr   r                1999                                                        er                                                                                        Implement NPC’s unbundled tariffs to eliminate
          Power Sector            Department of     1662-                     7%         7% then          x       x                     1             1.0           x       x                  x        x                x      x
          Restructuring Program     Finance          PHI                                   8%                                                        until                                                                                      inter-grid cross subsidies, and introduce time of
                                                                                                                                                                                                                                                use tariffs
                                                                                          from                                                       1999
                                                                                          1999
Country        Project/Title        Executing       Ref                             Others2                             Score   Status   Others3   Score   Status                                                  Reasons for noncompliance
                                     Agency


 PHI      Sixteenth Power         National Power    1042-                               x                                x                  x        x              NPC cited the regional currency crisis, the lack of a base-rate tariff increase, and the Bank’s inclusion of capacity fee payments
          (Masinloc Thermal        Corporation       PHI                                                                                                            in the definition of debt service as contributing to their non-compliance. NPC did not apply for any tariff increase in 1998
                                                                                                                                                                    because they believed that they could offset this by increasing sales volume. This, however, did not materialize. NPC
          Power) Project                                                                                                                                            requested a waiver of the Bank's financial covenants for 1997 and 1998, and this was approved.


 PHI      Sixteenth Power         National Power    1042-                               x                                x                  x        x
          (Masinloc Thermal        Corporation       PHI
          Power) Project


 PHI      Meralco Distribution    Manila Electric   1207-                               x                                x                  x        x              Meralco failed to meet the 8% rate of return covenant in 1998-2000 because of the request of the President of the Philippines
          Project                   Company          PHI                                                                                                            to deferr the planned 1999 tariff increase in light of poor economic conditions.

 PHI      Power Transmission      National Power    1288-    The Government and NPC will ensure that the tariffs         FV                 x        x
          Project                  Corporation       PHI    reflect economic cost and restructure power rates to
                                                            accomplish this (initially for Luzon, a demand charge of
                                                            28% and an energy charge of 72% of the total charge) by
                                                            31 December 1994.

 PHI      Northern Luzon          National Power    1398-   NPC shall submit, as soon as possible, to the Guarantor's     1                 x        x              Prior to 1997, energy sales were increasing at an average annual rate of 7-9 percent (Table 2). However, the 1997 Asian
          Transmission and         Corporation       PHI    Energy Regulatory Board a new tariff structure to be                                                    Financial Crisis had subsequently resulted in lower energy consumption. RORB for 1996 was above 8%, but has declined to
                                                            implemented on or before 31 December 1996.                                                              7.18% in 1997 and to 2.22% in 2000. The covenant has been waived for 1997, 1998 and 1999. NPC has applied for another
          Generation Project                                                                                                                                        waiver for 2000.Loan 1590-PHI subsequently modified the RORB requirement to 7 percent for 1998 and 8 percent thereafter.


 PHI      Northern Luzon          National Power    1398-                               x                                x                  x        x              NPC’s debt-service burden has spiraled upward in recent years due to the lack of Government equity inputs for capital
          Transmission and         Corporation       PHI                                                                                                            expansion programs, NPC’s heavy reliance on debt finance, and the depreciation of the peso against foreign currencies in
                                                                                                                                                                    NPC’s debt portfolio
          Generation Project
 PHI      Leyte-Mindanao          National Power    1474-                               x                                x                  x        x
          Interconnection          Corporation       PHI
          Engineering


 PHI      Power Transmission      National Power    1590-                               x                                x                  x        x              The cause of the decline in NPC’s debt-service ratio was a drop in profitability as foreign currency denominated debt-service
          Reinforcement Project    Corporation       PHI                                                                                                            payments and payments to the IPPs outstripped increases in revenue



 PHI      Power Transmission      National Power    1590-                               x                                x                  x        x
          Reinforcement Project    Corporation       PHI

 PHI      Power Sector            Department of     1662-                               x                                x                  x        x
          Restructuring Program     Finance          PHI
Country        Project/Title        Executing       Ref                                                               Particulars
                                     Agency


 PHI      Sixteenth Power         National Power    1042-   The RORB, which averaged 7.4% from 1993 to 1997, declined to 3.4% in 1998. The debt service ratio, which was at 0.9 in
          (Masinloc Thermal        Corporation       PHI    1993 and rose to 1.2 annually from 1994 to 1996, fell back to 0.9 in 1997 and 1998. Thus, NPC failed to comply with its debt
                                                            service covenant in 1997, and both the debt service and RORB covenants in 1998
          Power) Project


 PHI      Sixteenth Power         National Power    1042-
          (Masinloc Thermal        Corporation       PHI
          Power) Project


 PHI      Meralco Distribution    Manila Electric   1207-
          Project                   Company          PHI
 PHI      Power Transmission      National Power    1288-   In 1995 the RORB fell to 7.3%, due mainly to the fact that the automatic tariff adjustment mechanism for purchased power in
          Project                  Corporation       PHI    Luzon, approved in 1994, did not become operational until the beginning of 1996.




 PHI      Northern Luzon          National Power    1398-   Major problems affecting NPC’s financial position were: (i) capacity surplus due to completion of high-priced independent
          Transmission and         Corporation       PHI    power producer (IPP) contracts with take-or-pay provisions designated in foreign exchange that were entered into before the
                                                            financial crisis; (ii) lower than expected levels of electricity sales; (iii) inadequate equity contributions from the Government;
          Generation Project                                and (iv) increased debt service costs and IPP payments due to depreciation of the peso


 PHI      Northern Luzon          National Power    1398-
          Transmission and         Corporation       PHI
          Generation Project
 PHI      Leyte-Mindanao          National Power    1474-
          Interconnection          Corporation       PHI
          Engineering


 PHI      Power Transmission      National Power    1590-   RNFA covenant had been waived for 1997, 1998, and 1999.
          Reinforcement Project    Corporation       PHI


 PHI      Power Transmission      National Power    1590-
          Reinforcement Project    Corporation       PHI

 PHI      Power Sector            Department of     1662-
          Restructuring Program     Finance          PHI
ADB Title     ADB     Amount of     Country    Type of     Type of   Date of   Borrower/   Executing
            Reference Assistance               Project      ADB     Approval   Guarantor    Agency
             Number ($ Million)                          Investment             (Name)      (Name)




#REF!       #REF!     None         None       None       None      1.2         Complied    None
                                                                               with
Ownership Initial/Repe Related
                at     Reference
                        Reports




None      6:1         Complied     15%   *Pre tax    PFC will      Complied   Borrower Complied
                      with               ROE for     maintain      with       will          with
                                         FY end 31   liquid                   intensify its
                                         March       assets in an             efforts
                                         1994.       amount                   toward
                                         Complied    equal to not             improved
                                         with *13%   less than its            cost
                                         Pre tax     projected                recovery
                                         ROE for     disburseme               and tariff
                                         FY end 31   nts for the              rationalizat
                                         March       succeeding               ion in the
                                         1994.       three                    power
                                         Complied    months.                  sector, in
                                         with *12%                            accordance
Repayment     Not            Non-         PFC agreed    #REF!
Guarantees    complied       Rescheduli   to
and           with, PFC      ng of        reschedule
Exposure      exceeded       Payments     the
Limits) the   its                         repayments
covenant      exposure                    of five
required      limit to                    borrowers.
PFC to        eight of its                PFC does
limit its     borrowers                   not
exposure to   citing that                 encourage
a single      the funding                 such
client to     would                       actions but
25% of        improve                     circumstan
PFC’s net     the                         ces arose
      ADB Title        ADB Reference          Cost Recovery Policies
                         Number


Sixteenth Power     1042-PHI           The tariff structure of NPC consists
(Masinloc Thermal                      of a demand charge per kW and an
Power) Project                         energy charge per kWh, both of
                                       which varies with the every
                                       predefined kW and kWh "blocks"
                                       consumed. Unlike the LRMC, this
                                       structure does not adequately reflect
                                       capacity costs and the tariff does not
                                       adequately distinguish between
                                       different voltage delivery levels.
Meralco Distribution   1207-PHI   There are separate tariff schedules for
Project                           each of the five categories of
                                  customers viz., (i) Residential and
                                  General Service, (ii) Non-indutrial
                                  Service, (iii) Industrial Sevice, (iv)
                                  Government Hospitals and metered
                                  Street Lighting, (v) Flat Street
                                  lighting Service. The tariffs include
                                  (a) lifeline blocks, (b) a generation
                                  charge for the cost of purchased
                                  power from NPC, (c) an adjustment
                                  cost for power that was lost or
                                  subsidized, (d) a distribution charge
                                  to cover operation and administration
                                  costs, (e) an exchange rate
                                  adjustment, and (f) a 2% franchise
                                  tax required to be paid by Meralco.




Power Transmission     1288-PHI
Project




Northern Luzon         1398-PHI   Regulated with subsidies. The The
Transmission and                  Energy Regulatory Board has
Generation Project                directed NPC to submit a new rate
                                  structure that would consider (i)
                                  marginal cost, (ii) the phasing out of
                                  cross subsidies among the major
                                  grids, (iii) a phased adjustment to
                                  enable demand and energy
                                  components to each represent a 50%
                                  share of the overall tariff.
                                   As of 199, NPC's annual increase in
                                   operating costs over the period 1994
                                   to 1997 has been about 11%, and the
                                   automatic tariff adjustments have
                                   only allowed about 7% of this to be
                                   recovered. The difference is due to
                                   delays in effecting adjustment for
                                   purchased power, and because the
                                   automatic adjustments do not cover
                                   movements in domestic prices.


Second North Madras 1029-IND       Tariff for agricultural and domestic
Thermal Power Project              consumers carry substantial
                                   subsidies, which has hitherto been
                                   partly offset by a cross-subsidy from
                                   other consumer categories and by
                                   way of an annual subvention from the
                                   State Government.




Power Transmission      1590-PHI
Reinforcement
Project: Loan 1590-
PHI
Guangzhou Pumped        1242-PRC
Storage Stage II
Project
Rural Electrification   1429-THA
Project
Shanxi-Liulin Thermal   1091-PRC
Power Project

Northeast Power         1582-PRC
Transmission Project
Northeast Power         1582-PRC
Transmission Project
Northeast Power         1582-PRC
Transmission Project
Power XX Project        1032-INO
Power XXI Project    1092-INO
Power XXII Project   1172-INO
Nam Song             1214-LAO(SF)
Hydropower
Development Project:
Loan 1214-LAO(SF)

Xeset Hydropower          846/1063-LAO(SF)
Project
Xeset Hydropower          846/1063-LAO(SF)
Project
Xeset Hydropower          846/1063-LAO(SF)
Project
Power Transmission        1558-LAO(SF)
and Distribution
Project
Power Transmission        1558-LAO(SF)
and Distribution
Project
Nam Leuk                  1456-LAO(SF)
Hydropower Project:
Loan 1456-LAO(SF)
Power System              1021-SRI(SF)
Expansion (Sector
Loan) Project: Loan
1021-SRI(SF)
Second Power System       1414-SRI(SF)
Expansion (Sector)
Project: CEB
Component
Second Power System       1414-SRI(SF)
Expansion (Sector)
Project: LECO
Component
Power Transmission        1405-IND
(Sector) Project in the
Republic of India
Nam Ngum-Luang            1308-LAO(SF)
Prabang Power
Transmission Project
Rural Electrification     1356-BAN
Project: RPC
Component
Rural Electrification     1356-BAN
Project: REB
Component
Power Distribution        1358-VIE(SF)
Rehabilitation Project

Fujian Mianhuatan         1417-PRC
Hydropower Project
Fujian Mianhuatan    1417-PRC
Hydropower Project
Henan Power Project: 1400-PRC
Loan 1400-PRC

Henan Power Project: 1400-PRC
Loan 1400-PRC

Henan Power Project: 1400-PRC
Loan 1400-PRC

Henan Power Project: 1400-PRC
Loan 1400-PRC

Henan Power Project: 1400-PRC
Loan 1400-PRC

Qitaihe Thermal      1328-PRC
Energy &
Environmental
Improvement Project:
Loan 1328-PRC

Hunan Lingjintan      1318-PRC
Hydropower Project:
Loan 1318-PRC
Hunan Lingjintan      1318-PRC
Hydropower Project:
Loan 1318-PRC
Yunnan Dachaoshan     1644-PRC
Power Transmission
Project: Loan 1644-
PRC
Yunnan Dachaoshan     1644-PRC
Power Transmission
Project: Loan 1644-
PRC
Yunnan Dachaoshan     1644-PRC
Power Transmission
Project: Loan 1644-
PRC
Yunnan Dachaoshan     1644-PRC
Power Transmission
Project: Loan 1644-
PRC
Yunnan Dachaoshan     1644-PRC
Power Transmission
Project: Loan 1644-
PRC
Power Sector          1673/1674-INO
Restructuring
Program
Power Development    1397-INO
and Efficiency
Enhancement Project:
Loan 1397-INO

Sumatra Power           1320-INO
Transmission Project
Power XXIII             1271-INO
Central and Southern    1585-VIE(SF)
Viet Nam Power
Distribution Project:
PC2 Component

Central and Southern    1585-VIE(SF)
Viet Nam Power
Distribution Project:
PC3 Component

Ninth Power Project:    1505-BAN(SF)
PGCB Component
Ninth Power Project:    1505-BAN(SF)
DESC Component
Nam Ngum-Luang          1308-LAO(SF)
Prabang Power
Transmission Project
Transmission System     1022-THA
for Mae Moh Power
(Units 10 & 11)
Seventh Power           1151-THA
Distribution (Sector
Loan) Project
Eighth Power            1246-THA
Distribution (Sector
Loan) Project
Third Power             1170-THA
Transmission
Expansion (Sector)
Project
Third Power             1170-THA
Transmission
Expansion (Sector)
Project
Fourth Power            1245-THA
Transmission (Sector)
Project
Fourth Power            1245-THA
Transmission (Sector)
Project
Seventh Power Project   1011-NEP(SF)

Seventh Power Project 1011-NEP(SF)
Kali Gandaki “A”         1452-NEP(SF)
Hydroelectric Project
Kali Gandaki “A”         1452-NEP(SF)
Hydroelectric Project
Kali Gandaki “A”         1452-NEP(SF)
Hydroelectric Project
Power and District       1443-KGZ(SF)
Heating Rehabilitation
Project

Power Rehabilitation     1334-MON(SF)
Project

Emergency Power       1019-SAM (SF)
Rehabilitation
Anhui Fuyang          1463-PRC
Engineering Technical
Assitance Project

Power Transmission 1764-IND
Improvement (Sector)
Project
Gujarat Power Sector 1803/1804-IND
Development
Program: Loan
Madhya Pradesh       1868/1869-IND
Power Sector
Development Program

Power Sector        1886-SAM(SF)
Improvement Project
Power Sector        1886-SAM(SF)
Improvement Project
West Zone Power     1884/1885-BAN
System Development:
PGCB Component

West Zone Power     1884/1885-BAN
System Development:
NewCo Component

West Zone Power     1884/1885-BAN
System Development:
APC Component

Dhaka Power System       1730/1731-BAN
Upgrade Project:
DESA Component
Dhaka Power System 1730/1731-BAN
Upgrade Project: REB
Component

Shen-Da Power          1901-PRC
Transmission and
Grid Rehabilitation
Project
Wind Power             1818-PRC
Development
Power Rehabilitation   1817-TAJ(SF)
Project

Proposed Technical     1152-MON(SF)
Assitance to the
Mongaolian People’s
Republic for the Egiin
Hydropower Project

Power Efficiency       1161-IND
(Sector) Project: Loan
1161-IND
WAPDA Eleventh         1073-PAK
Power Project
WAPDA Twelfth Power 1143/1144-PAK
(Sector) Project

KESC Sixth Power       1314/1315-PAK
(Sector) Project
Ghazi Barotha          1424-PAK
Hydropower Project
Energy Sector          1807/1808-PAK
Restructuring
Program
             Subsidies                         Regulatory Controls              Over-all Government Development
                                                                                      Framework/ Policies


Though domestic coal prices have        The National Power Board regulates     The Government is reversing the past
been allowed to be largely              NPC's power rates. The ERB             trend of heavy involvement in the
determined by market forces, the        regulates prices of coal and oil and   power sector and is instead advocating
Government continues to support         the electicity tariffs of private      the divestment of state owned
the local coal mining industry          utilities including Meralco. The       corporations and the direct participation
through tariffs on imported coal        National Electrification               of the private sector. through the BOT
and exemptions from import taxes        Administration, in turn, handles the   track. The Government also wants to
and duties on coal mining               electricity rates of Rural Electric    adopt a transparent pricing mechanism,
equipment. In 1986 the                  Cooperatives. A fund facility, the     which is consistent throughout the powe
Government established the Oil          Oil Price was estab                    subsector. To effectively coordinate the
Price Stabilization Fund (OPSF) to                                             regulation of pricing, and in-line with
moderate the effects of world oil                                              the findings of the Bank-assisted Power
prices on the domestic economy.                                                Sector Cost Structure and Transfer
The OPSF charges a tariff to all                                               Pricing Study, the Government is
fuel oil end-users to create a buffer                                          considering consolidating the regulatory
fund for future oil price                                                      functions under a single agency. In
fluctuations.                                                                  conjunction, the Government is seeking
                                                                               energy self-sufficiency so as to
                                                                               minimize the impact of external energy
                                                                               market factors in the economy.
Meralco's tariffs are structured in    The electric rates of Meralco are      The governing energy policy is for the
such a way that certain consumer       regulated by the Energy Regulatory     country to attain a viable level of
groups are subsidized by another,      Board (ERB). Previously, Meralco       energy self-sufficiency to minimize the
details of which are as follows:       was allowed to by the ERB to pass      impact of world energy market factors
The first 50kWh/mo consumed by         on the entire cost of energy losses    on the local economy. The Government
residential customers is billed at     (both technical and non-technical to   is targeting the provision of reliable
50% of the cost of purchased           its customers). As an incentive to     electric service at the lowest possible
power plus distribution chare          reduce losses, the ERB has limited     cost, the maximal use of indigenous
applies to (a) customers consuming     the permissible losses to be           energy sources, and the narrowing of
300 kWh/mo or less; (b)                recovered to 14%. Gradual              regional disparaties in power supply.
Government owned hospitals,            reductions in the permissible losses
charitable institutions, metered       are further envisioned.
streetlights. On the other hand, (c)
Unmetered street lighting is
charged a flat rate of 50% of the
cost of purchased power; and (d) a
12% discount is allowed to duly
registered educational institutions
and private hospitals covered by
non-industrial tariff. Cost of
subsidies is borne by all other
customers except those covered by
lifeline tariff.




As of 1994, NPC has had to bear a      The Energy Regulatory Board            The general policies being espoused by
major portion of the cross subsidy     approves application for tariff rate   the Government for the sector include:
rates across the three main grids:     adjustment and has approved the        (i) ensuring the security of energy
Luzon, Visayas and Mindanao.           incorporation of automatic             supply, (ii) enhancing the country’s
However, Luzon consumers still         adjustment mechanisms for the          energy self-sufficiency, (iii)
had to pay a financial surcharge of    effects of changes in fuel price and   diversifying the country’s energy
P3,880 million to subsidize            foreign exchange rates (which were     sources, (iv) reducing the cost of
Visayas (P2,441 million) and           previously disallowed by a Supreme     energy, (v) enabling access to energy by
Mindanao (P1,439 million)              Court Injunction). A further           all sectors, (vi) averting negative
consumers. On the other hand,          adjustment was approved in 1996        impacts to health, safety, and
NPC obtains duty and tax               for variations in the cost of          environment. More specifically, the
concessions on local fuel              purchased power.                       Government has initiated actions to (a)
purchases, and it supplies fuel free                                          restructure and privatize part of NPC,
                                       The ERB has directed NPC to
                                       prepare a new tariff submission that
                                       would take into consideration (i)
                                       marginal costs, (ii) a phase-out of
                                       cross-subsidies between the three
                                       main Philippine grids, and (iii) a
                                       phased adjustment of the demand
                                       and energy components so that they
                                       would each represent a 50% share of
                                       the over-all tariff.


Because of subsidies to agricultural   TNEB's accounts are audited in            The Ministry of Energy of the Central
and domestic consumers, TNEB           accordance with the Electricity           Government is in charge of the Central
requires subvention from the State     Supply Act (ESA) and as authorized        Electricity Authority (CEA), the Rural
to meet the statutory financial        by the Comptroller and Auditor            Electrification Corporation (REC) and
objectives set out in the ESA.         General of India. The ESA also            Power Finance Corporation (PFC).
                                       stipulates a minimum net income of        Mobilization of resources for
                                       3% of net fixed assets, while the         investment in power has become and
                                       State Government is allowed by law        increasingly difficult because of low
                                       to set the tariffs is within the State.   level of cost recovery and consequent
                                                                                 high dependence on Government
                                                                                 budgetary outlays. Tariffs are set by
                                                                                 the State Governments and the Central
                                                                                 Government has little or no influence in
                                                                                 this matter.
 Political/Consumer Acceptance of          Impact on the Deregulation and
              Tariffs                        Restructuring of the Sector


Increasing the tariffs to LRMC levels
would have a greater-than-normal
effect on the electricity rates that
would be paid by the ultimate end-
users. This is among the major
reasons why it is very difficult to
implement a new cost structure. It
must be noted, however, that a
significant contributor to the high cost
of electricity could be traced to the
inherent inefficiencies of the
distribution utilities. Technical
deficiencies and power pilferages have
led to excessive energy losses, the cost
of which is passed on to the
consumers.
Tariff setting is still very much
politicized. A scheduled petition to
the ERB in 1999 for a tariff increase
was deferred after the President of the
Philippines, citing poor economic
conditions, requested Meralco to
postpone the filing of the petition.




                                                                                   Power      1161
                                                                                   Efficiency
                                                                                   (Sector)
                                                                                   Project:
                                                                                   Loan 1161-
                                                                                   IND




One of the major reasons for the dire       The Banks covenants, especially
financial standing of NPC in the early      those requiring the restructuring or
90's was stiff public and political         tariffs, are in conjunction with the
resistance to adjustments in electricity    Government's policy to arrive at a
tariffs. There is no clearer example of     transparent pricing policy, which
this than the unfavorable Supreme           more closely reflects the true cost
Court injunctions in February of 1991       of generating, transporting and
that prevented NPC from                     delivering electricity. The need for
implementing a new tariff structure         such a policy has also been
resulting to losses in billions of pesos.   identified as among the major
With the entry of ERB (in 1992) in          activities that NPC must undertake
the evaluation of NPC's rate                in preparation for restructuring and
adjustments proposals, NPC has been         privatization.
Low agricultural tariffs are widespread
in India and it is very difficult for one
State to implement increases in tariff
rates. Though the individual States
are given the authority to set rates,
political and social realities make it
very difficult for them to exercise this
authority.
PFC will       Tariff         PFC is         The          Accepting
endeavor to    reform was     subject to     Governmen    revenue
operate as     not carried    scrutiny by    t of India   subsidies
a              out and the    public         has          instead of
commercial     required       auditors       generally    adjusting
entity and     rate of        and the        been able    tariffs had
earn an        return of      Comptrolle     to           an adverse
adequate       3% was         r and          implement    effect on
return on      maintained     Auditor        cost         tariff
its capital    through        General of     recovery-    reforms
(positive in   subsidies      India.         based        and the
real terms),   and writing    PFC’s          prices for   independen
maintain a     off of state   statutory      petroleum    ce of the
healthy        loans          auditor is a   products;    SEBs. Due
ADB Title              ADB Reference   RNFA        Compliance Status 1 SFR     Compliance Status 2
                       Number
Sixteenth Power        #REF!           8%          The RORB, which 20%         Complied with, but
(Masinloc Thermal                      *revalued   averaged 7.4% from          LA 1398-PHI deferred
Power) Project                                     1993 to 1997,               this covenant until
                                                   declined to 3.4% in         further notice.
                                                   1998.




Meralco Distribution   #REF!           8%          The RORB, which 20%         Complied with, but
Project                                *revalued   averaged 7.4% from          LA 1398-PHI deferred
                                                   1993 to 1997,               this covenant until
                                                   declined to 3.4% in         further notice.
                                                   1998.




Meralco Distribution   #REF!           8%          Meralco failed to     20%   Complied with.
Project                                *revalued   meet the 8% rate of
                                                   return covenant in
                                                   1998-2000 because
                                                   of the request of the
                                                   President of the
                                                   Philippines to deferr
                                                   the planned 1999
                                                   tariff increase in
                                                   light of poor
                                                   economic
                                                   conditions.
Northern Luzon        #REF!   8%            RORB for 1996 was None       None
Transmission and              *revalued     above 8%, but has
Generation Project                          declined to 7.18% in
                                            1997 and to 2.22%
                                            in 2000. The
                                            covenant has been
                                            waived for 1997,
                                            1998 and 1999.
                                            NPC has applied for
                                            another waiver for
                                            2000.Loan 1590-
                                            PHI subsequently
                                            modified the RORB
                                            requirement to 7
                                            percent for 1998 and
                                            8 percent thereafter.
Power Transmission    #REF!   7%, 8%                              None   None
Reinforcement                 from 1999
Project: Loan 1590-           onwards
PHI                           *revalued




Second North Madras #REF!     3%          1                     None     None
Thermal Power                 *historical
Project


Guangzhou Pumped      #REF!   10%                               None     None
Storage Stage II              starting
Project                       1993
                              *historical
Rural Electrification   #REF!                                   25%        Complied with
Project




Shanxi-Liulin           #REF!
Thermal Power
Project




Northeast Power         #REF!   8% in       ROR of only 8% in   25% in     SFR of 59% in 1999
Transmission Project            1998, 10% 1999                  1998 &
                                in 1999,                        1999, 30%
                                12% in                          each year
                                2000                            thereafter
                                onwards
                                *historical




Power XX Project        #REF!   8% in Java   Complied with from 18% FY    Not Complied with in
                                from         1991 to 1994. Not 88/89, 20% FY 92/93 and 93/94
                                1990/1991    complied with from FY89/90
                                onwards,     1995 to 1999. The
                                0% off-      second covenant
                                Java from    was subsequently
                                1993/94      modified to 8%
                                onwards.     from FY 1994/95
                                *revalued    (loan 1320-INO)
Power XXI Project:    #REF!   8% in Java   Complied with from None   None
Loan 1092-INO                 from         1991 to 1994 but
                              1991/1992    not complied with
                              onwards,     from 1995 to 1998.
                              0% off-      The second
                              Java from    covenant was
                              1993/94      subsequently
                              onwards.     modified to 8%
                              *revalued    from FY 1994/95
                                           (loan 1320-INO)




Power XXII Project:   #REF!   8% in Java   Complied with from None   None
Loan 1172-INO                 from         1991 to 1994 but
                              1991/1992    not complied with
                              onwards,     from 1995 to 1999.
                              0% off-      The second
                              Java from    covenant was
                              1993/94      subsequently
                              onwards.     modified to 8%
                              *revalued    from FY 1994/95
                                           (loan 1320-INO)


Nam Song             #REF!    None         None              22%     Complied with in 1992
Hydropower                                                           and 1993, Not
Development Project:                                                 complied with in
Loan 1214-LAO(SF)                                                    1994, 1995, 1996
Xeset Hydropower     #REF!    None         None              20%     Complied with
Project




Power Transmission    #REF!   None         None              20%     Not complied. SFR
and Distribution                                                     was 0% for 1997 and
Project                                                              1998
Nam Leuk            #REF!      None        None              20%        Not complied. SFR
Hydropower Project:                                                     was 0% for 1997 and
Loan 1456-LAO(SF)                                                       1998




Power System           #REF!   8%          Not complied with None       None
Expansion (Sector              *revalued   by CEB FY96 =
Loan) Project: Loan                        1.0%, FY97 = 0.2%,
1021-SRI(SF)                               FY98 = 4.3%.
                                           LECO has complied


Second Power System #REF!      8% for      Not complied with. 30% for   Complied with
Expansion (Sector)             CEB and     FY96 = 0.2%, FY97 LECO
Project: CEB                   LECO        = -1.0%, FY98 =
Component                      *revalued   3.0%

Power Transmission #REF!       None        None              20%        To be verified
(Sector) Project in the
Republic of India




Nam Ngum-Luang         #REF!   None        None              22%        Complied with in 1992
Prabang Power                                                           and 1993, Not
Transmission Project                                                    complied with in
                                                                        1994, 1995, 1996
Rural Electrification   #REF!   None   None   None        None
Project: RPC
Component




Power Distribution     #REF!    None   None   None        None
Rehabilitation Project




Fujian Mianhuatan       #REF!   None   None   30% from    To be verified
Hydropower Project                            1996




Henan Power Project: #REF!      None   None   26% in      To be verified
Loan 1400-PRC                                 1996, 27%
                                              in 1997,
                                              28% in
                                              1998, 29%
                                              in 1999 and
                                              30%
                                              thereafter


Qitaihe Thermal      #REF!      None   None   30%         To be verified
Energy &                                      starting
Environmental                                 1997
Improvement Project:
Loan 1328-PRC
Hunan Lingjintan    #REF!     None         None             25% from     To be verified
Hydropower Project:                                         95 to 97,
Loan 1318-PRC                                               30%
                                                            thereafter




Yunnan Dachaoshan     #REF!   8% in       To be verified    None         None
Power Transmission            1999, 8.5%
Project: Loan 1644-           in 2000,
PRC                           9% in
                              2001, 9.5%
                              in 2002,
                              and 10% in
                              2003
                              onwards
                              *historical



Power Sector        #REF!     8% from      To be verified   None         None
Restructuring                 2001
Program: Loan 1673-           onwards
INO                           *not clear


Power Development    #REF!    8% 1996      To be verified   None         None
and Efficiency                onwards
Enhancement Project:          *revalued
Loan 1397-INO
Sumatra Power          #REF!   8% FY        To be verified    None    None
Transmission Project           1995
                               onwards
                               *revalued




Power XXIII            #REF!   8% in Java   Complied with from None   None
                               from         1991 to 1994. Not
                               1994/95      complied with from
                               onwards,     1995 to 1999. The
                               0% off-      second covenant
                               Java from    was subsequently
                               1994/95      modified to 8%
                               onwards.     from FY 1994/95
                               *revalued    (loan 1320-INO)


Central and Southern #REF!     12% from To be verified        30%     To be verified
Viet Nam Power                 1998
Distribution Project:          onwards
PC2 Component                  *historical




Ninth Power Project: #REF!     10% For   To be verified       None    None
PGCB Component                 PGCB &
                               DESC *not
                               clear
Nam Ngum-Luang         #REF!   None      None                 22%     Complied with in 1992
Prabang Power                                                         and 1993, Not
Transmission Project                                                  complied with in
                                                                      1994, 1995, 1996


Transmission System    #REF!   None         None              20%     Complied with
for Mae Moh Power
(Units 10 & 11)
Seventh Power          #REF!   None          None                 25%          Complied with
Distribution (Sector
Loan) Project




Eighth Power           #REF!   None          None                 25%          Complied with
Distribution (Sector
Loan) Project




Third Power            #REF!   None          None                  20% up to   Complied with, in FY
Transmission                                                      FY 93,       90,91, 92 except for
Expansion (Sector)                                                25%          FY 1997 (11%). In
Project                                                           afterwards   1998: 53%, in 1999
                                                                               29%



Fourth Power          #REF!    None          None                  20% up to   Complied with, for
Transmission (Sector)                                             FY 93,       FY90,91,92 except
Project                                                           25%          for FY 1997 (11%).
                                                                  afterwards   In 1998: 53%, in 1999
                                                                               29%


Seventh Power Project #REF!    6% FY91 Partially complied None                 None
                               onwards. with: FY1998 –
                               *historical 9.0%, FY1999 –
                                           5.4%, FY2000 –
                                           10.4%(estimated)
                                           *based on historical
                                           net fixed assets


Kali Gandaki “A”      #REF!    6% in         Not complied with.   18%          Complied with in FY
Hydroelectric Project          FY97, 6%      ROR for FY 1998      inFY96/97,   1998, but for FY 1999
                               on net        was 0.4% and FY      20% in       estimated SFR will be
                               revalued      1999 was 0.3%        FY97/98,     18.3% ---- * covenant
                               assets in                          23% in       figures in PCR differ
                               FY1998                             FY98/99      with those specified in
                               onwards                            onwards      the RRP
                               *historical


Power and District     #REF!   None          None                 30% in       To be verified
Heating Rehabilitation                                            1998
Project                                                           onwards
Power Rehabilitation   #REF!   3% *not     negative RNFA in    None   None
Project                        clear       1999. For further
                               whether     verification
                               *revalued


Emergency Power        #REF!   None        None                None   None
Rehabilitation



Anhui Fuyang          #REF!    None        None                None   None
Engineering Technical
Assitance Project




Power Transmission #REF!       None        None                None   None
Improvement (Sector)
Project




Gujarat Power Sector #REF!     None        None                None   None
Development
Program: Loan


Madhya Pradesh      #REF!      None        None                None   None
Power Sector
Development Program




Power Sector        #REF!      4% in      not yet due          20%    not yet due
Improvement Project            2002,03,04
                               and 6% in
                               2005
                               onwards
                               *revalued
West Zone Power     #REF!      5% *not    not yet due   None   None
System Development:            clear
PGCB Component



Dhaka Power System    #REF!    None       None          None   None
Upgrade Project:
DESA Component


Shen-Da Power         #REF!    9% in 2003 not yet due   None   None
Transmission and               onwards
Grid Rehabilitation            *historical
Project




Wind Power            #REF!    None       None          None   None
Development




Proposed Technical     #REF!   None       None          None   None
Assitance to the
Mongaolian People’s
Republic for the Egiin
Hydropower Project
DSCR        Compliance Status 3    AR       Compliance Status 2   D/E    Compliance Status   ROE
                                   (days)
1.0 in      Not compled with in    90       Complied with         None   None                None
1999, 1.3   1997 & 1998. LA
from 1999   1398-PHI modified
onwards     the DSCR to 1.0 from
            1996 up to 1999.




1.0 in      Not compled with in 90          Complied with         None   None                None
1999, 1.3   1997 & 1998. LA
from 1999   1398-PHI modified
onwards     the DSCR to 1.0 from
            1996 up to 1999.




1.3         Complied with.         45       Complied with         None   None                None
1.0 from     DSCR was 1.56 in     None   None   None    None            None
1995 to      1996, but fell below
1999, 1.3    1.0 from 1997 to
thereafter   2000. The covenant
             has been waived for
             1997, 1998 and 1999.
             NPC has applied for
             another waiver for
             2000.




1.0 until                        None    None   None    None            None
1999, 1.3
thereafter




1.1          Complied with.      None    None   None    None            None




1.2          Complied with       None    None   75:25   Complied with   None
1.5   Complied with        None   None            None   None   None




1.1   Complied with        None   None            None   None   None




1.3   Complied with. DSR None     None            None   None   None
      of 12.6 times




1.5   Complied with, except 90    complied with   None   None   None
      for 1997 and 1998.
1.5   Complied with, except 90          complied with         None     None                   None
      for 1997 and 1998.




1.5   Complied with, except 90          complied with         None     None                   None
      for 1997 and 1998.




1.1   Complied with in      90          Complied with from    None     None                   None
      1992/93/96. Not                   1992 to 1995. Not
      complied with in 1994             complied in 1996 =
      & 1995                            3.16 months
1.1   Complied with         114 in      Complied with         None     None                   None
                            '88, 102
                            in '89,
                            90 in '90




1.1   Not complied.         90 in       Not complied. 3.5      60:40   Not complied.            None
      Provisional 0.9 for   '98, 60     months in 1998, down           Provisional 70:30
      1998 (deteriorated    in '99      from 5 months in 1995-         (deteriorated from 55:45
      from 1.3 in 1997).                1997.                          in 1997)
1.1       Not complied.            90      Not complied with.   60:40     Not complied with.       None
          Provisional 0.9 for              As of 31 December              Provisional 70:30
          1998 (deteriorated               1996 AR stood at 4.6           (deteriorated from 55:45
          from 1.3 in 1997).               months sale. By 31             in 1997)
                                           December 1997 it was
                                           reduced to 3.1

1.5       In compliance for all 90         Complied with          None    None                   None
          years through FY
          1998 except FY 1992
          = (1.3) and FY97 =
          1.2, FY98 = 2.1


1.5 for   CEB Complied in          90 for  Both have complied     60:40   To be verified         None
CEB and   FY96/98/99, but not in   CEB, 60                        for
LECO      FY 97 = 1.2. LECO        for                            LECO
          has complied.            LECO
None      None                     60      not complied with.     80:20   To be verified         16%
                                           Outstanding is still
                                           high, 4.10 months of
                                           billing as of 30
                                           November 2000




1.1       Complied with in      90         Complied with from     None    None                   None
          1992/93/96. Not                  1992 to 1995. Not
          complied with in 1994            complied in 1996 =
          & 1995                           3.16 months
1.5 for  Complied with by       60 for   Not yet applicable   60:40   Not yet applicable   15% for
both RPC REB. Not yet           RPC                           for RPC                      RPC
& REB    applicable for RPC




1.3       Complied with as at   None     None                 None     None                None
          31 December 1998,
          and 31 December
          1999




1.5       To be verified        None     None                 75:25 in To be verified      None
                                                              96, and
                                                              70:30
                                                              thereafte
                                                              r




1.5       To be verified        None     None                 None     None                None




1..3      To be verified        None     None                 None     None                None
1.3        To be verified   None   None             None   None   None




1.3        To be verified   None   None             None   None   None
starting
1999




1          To be verified   None   None             None   None   None




1.5        To be verified   90     To be verified   None   None   None
1.5       To be verified       90     To be verified       None    None            None




1.5       Complied with, except 90    Complied with        None    None            None
          for 1997 and 1998.




1.5       To be verified       None   None                 None    None            None




1.3 For   To be verified       None   None                 70:30  To be verified   15% For
PGCB &                                                     For                     PGCB &
DESC                                                       PGCB &                  DESC
                                                           DESC
1.1       Complied with in      90    Complied with from   None   None             None
          1992/93/96. Not             1992 to 1995. Not
          complied with in 1994       complied in 1996 =
          & 1995                      3.16 months


None      None                 None   None                 2:1     Complied with   None
1.5      Complied with   90          Complied with        None    None                   None




1.5      Complied with   None        None                 None    None                   None




None     None            None        None                 2:1     Complied with; 1.1:1   None
                                                                  for FY91, 1.43:1 in
                                                                  FY92. Complied with
                                                                  in 93 to 96




None     None            None        None                 2:1     Complied with; 1.1:1   None
                                                                  for FY91, 1.43:1 in
                                                                  FY92. Complied with
                                                                  in 93 to 96



1.2 FY91 Complied with   105 by      Partially complied   None    None                   None
onwards                  end         with: 3.4 months for
                         FY90,       FY1998 and FY1999,
                         90          and 3 months for
                         thereafte   FY2000 (estimated)
                         r




1.2      Complied with   90          Not complied with.    None   None                   None
                                     Accounts receivable
                                     were 3.9 months in FY
                                     1998, and 4.2 months
                                     in FY 1999




None     None            60 by       To be verified       None    None                   None
                         end
                         1997
1.3    8.7 in 1997, 3.6 in   None   None          None   None   None
       1998. For further
       verification



None   None                  None   None          None   None   None




None   None                  None   None          None   None   None




None   None                  60     not yet due   None   None   None




None   None                  None   None          None   None   None




None   None                  None   None          None   None   None




1..3   not yet due           60     not yet due   None   None   None
1.2       not yet due          60      not yet due   70:30   not yet due          15%




1.2 for  not yet due           60 for not yet due    70:30 not yet due            None
DESCO                          DESCO                 for
and PGCB                       and                   DESCO
                               DESA                  and
                                                     PGCB
1.2 in    not yet due          None    None          70:30 not yet due            None
2002
onwards




1.3       Not yet applicable   None    None          75:25   Not yet applicable   15% on a
                                                                                  levelized
                                                                                  annual
                                                                                  basis

None      None                 None    None          None    None                 None
Compliance Status 4   Others   Compliance Status 5   Others

None                  None     None




None                  None     None




None                  None     None
None   NPC will prepare, before       No policy in the         NPC shall submit, as soon as
       the end of 1996, a proposed    pricing of fuel was      possible, to the Guarantor's
       policy on pricing of fuel      proposed or developed    Energy Regulatory Board a new
       supplied to IPPs               by NPC until the         tariff structure to be implemented
                                      present. Fuel pricing    on or before 31 December 1996.
                                      is negotiated on a per
                                      contract basis




None   Arrange counterpart
       funding for the Project from
       loans or other sources
       acceptable to the Bank,
       ensure sufficient funding to
       meet counterpart funding
       requirements.




None   45% of its annual              Partially complied     The State Government will
       investment to T&D (incl.       with. Expenditures for compensate TNEB for its losses
       rural elect.) starting FY      1994 and 1995 were to agricultural consumers
       1992.                          42.0% and 40.9%,
                                      respectively.
None   Submit audited accounts        Complied with
       and related financial
       statemts, within 6 months
       after the close of the FY.
None   Borrower sha ll provide    Complied with
       ADB with 5 year financial
       projections relating to
       operations and development
       programs




None   None                         None




None   transmission costs for the   Not yet due.   unify end-consumer tariffs for
       use of facilities based on                  each consumer category under
       principles, methodology,                    each provincial level power
       and norms agreed upon                       system
       with the Bank




None   reduce energy losses         12% in 1998
       (excluding station use) to
       no more than 15% by
       1992/1993
None   None                         None




None   reduce energy losses         Complied with
       (excluding station use) to
       no more than 15% by
       1992/1993




None   GOL to fully pay arrears by Not complied with.       GOL to maintain accounts
       July 1995                   1997 arrears = $1        payable to EdL at < 3 months
                                   million

None   Increase gradually the       Not fully complied       reduce the systems losses caused
       average tariff towards the   with. Despite increases by nontechnical reasons
       economic cost of supply      in tariff, tariffs still
                                    remained at about
                                    50% of economic
                                    costs

None   EdL will progressively        Complied with
       reduce distribution losses to
       23% by 31 December 1998,
       21% by 31 December 1999,
       19 % by 31 December
       2000, and 17% by 31
       December 2001
None             EdL will increase the       Not complied with.   Reduce distribution losses in its
                 average tariff by 20% on                         domestic network to 21% by
                 annual basis for FY1996                          December 1996, 20% by
                 through 2000                                     December 1998, 19% by
                                                                  December 1999, and 18% by
                                                                  December 2000

None             None                        None




None             Current ration of 1.2 for   Both have complied
                 both CEB & LECO



To be verified   POWERGRID will           To be verified          POWERGRID will increase the
                 exercise its right to                            service charge on overdue
                 suspend service to a SEB                         accounts to a penal rate of not less
                 that is delinquent in                            than 2% per month
                 payments.



None             GOL to fully pay arrears by Not complied with.   GOL to maintain accounts
                 July 1995                   1997 arrears = $1    payable to EdL at < 3 months
                                             million
Not yet applicable   Operating ratio of not         Complied with    7 PCBs that are participating in
                     exceeding 0.9 for REB                           the project (Part C) shall (i)
                                                                     maintain AR < three months of
                                                                     bill; (ii) system losses below 15%
                                                                     of the energy purchased; and (iii)
                                                                     maintain operating ratio not
                                                                     exceeding 0.9 and a debt service
                                                                     coverage ratio of at least 1.5.




None                 None                           None




None                 Tariff Reforms – FPEPB         To be verified
                     will implement the tariff
                     reforms, including
                     unification of tariffs, in
                     accordance with the tariff
                     reform plan approved by
                     the FPG and acceptable to
                     the Bank by 31 December
                     1996



None                 EPH shall take into            To be verified
                     consideration the Bank’s
                     comments in preparing its
                     revised tariff structure and
                     obtain approval from
                     concerned authorities for
                     the revised structure and
                     achieve full unification of
                     the dual price system by
                     end of 1998
None                 None                           None
None   HPG and HEPC will take To be verified
       all necessary measures to
       ensure that a tariff is
       separately established for
       the supply of electric power
       from the Project facilities to
       HEPC’s grid and such tariff
       is adjusted as required to
       cover investment costs and
       operating expenses as well
       as provide a financial rate
       of return consistent with
       sound electric power utility
       practices




None   None                         None




None   Complete building            To be verified   Implement a tariff increase of
       acceptance of the tariff                      20% as the first of two tariff
       increase plan and                             increases necessary for 2000 (Feb
       implement the first tariff                    2000)
       increase of 18% by Oct
       1999
None   None                         None
None             PLN will keep energy            To be verified            PLN will conduct an overall
                 losses, excluding station                                 review annually of its tariff levels
                 use, at no more than 15%                                  and furnish the corresponding
                                                                           report, including proposed
                                                                           corrective measures for the next
                                                                           FY, for the Bank’s comments at
                                                                           the end of each calendar year.


None             PLN will keep energy            Complied with             PLN will conduct an overall
                 losses, excluding station                                 review annually of its tariff levels
                 use, at no more than 15%                                  and furnish the corresponding
                                                                           report, including proposed
                                                                           corrective measures for the next
                                                                           FY, for the Bank’s comments at
                                                                           the end of each calendar year.




None             MOI and EVN will take all       None of these             The Government and EVN will
                 steps with the Government       covenants are being       ensure that the average
                 to ensure that nationwide       complied with. The        nationwide bulk tariff per kWh, as
                 average retail tariff by the    average national retail   a percentage of average
                 end of the first quarter 1999   tariff now is only 4.9    nationwide retail tariff per kWh,
                 is not less than $0.07 per      US cents/kWh              will not decline below the 1996
                 kWh; (b) the Government         according to EVN,         level of 60% and that proposed
                 and EVN will ensure that        and only 4.0              action plans on increases from
                 nationwide average retail       cents/kWh for PC3,        that level are provided to the
                 tariff from 2000 onward         and 4.7 for PC2           Bank,
                 will be maintained at least     according to their
                 at the 1999 level in real       audited accounts (as of
                 terms                           Jan 2002)




To be verified   Collection to Import Ratio - To be verified
                 Not less than 85% by FY
                 2000

None             GOL to fully pay arrears by Not complied with.            GOL to maintain accounts
                 July 1995                   1997 arrears = $1             payable to EdL at < 3 months
                                             million



None             None                            None
None   None                          None




None   None                          None




None   None                          None




None   None                          None




None   NEA will reduce electricity   Not complied with.          NEA will annually provide net
       losses as follows: FY1990 –   Losses were above           internally generated funds as
       26.5%, FY1991 – 25.5%,        target for all years: for   follows: FY1991 – 7%, FY1992 –
       FY1992 – 24%, FY1993 –        FY2000 estimated at         7%, FY1993 – 10%, FY1994 –
       22%, and 20% thereafter.      23.5%, and mid              11%, FY1995 – 12%, FY1996 –
                                     FY2001 target at 20%        14%, FY1997 – 22%, and 23%
                                     upon completion of          thereafter.
                                     Kali Gandaki “A”.

None   None                          None




None   KNEHC will ensure that its To be verified
       fixed assets will be
       revalued by 31 December
       1996
None   Tariff increases            The Government has
                                   approved appropriate
                                   tariff increases for heat
                                   and electricity in
                                   December 2000

None   None                        None




None   None                        None




None   POWERGRID shall              not yet due                The Government shall implement
       suspend service to an SEB                               the availability-based tariffs in
       or its successors, which are                            accordance with the time schedule
       delinquent in payments to                               notified by the CERC
       POWERGRID

None   the State Government shall not yet due
       limit its agriculture subsidy
       to Rs 11 billion a year. (As
       of 14 November 2000,
       US$1 = Rs46.60)
None   MPG will make timely and not yet due
       adequate budgetary
       appropriations to meet its
       subsidy and subvention
       payments to ensure that all
       dues are paid in cash to
       MPSEB (or its successor
       entities) within no more
       than six months of the
       raising of claim by MPSEB
       or such entities.


None   EPC will charge a penalty   not yet due
       of 2% per month on
       amounts overdue by more
       than 30 days after the
       payment due date.
not yet due          None                        None




None                 Current ration of 1.1 for   not yet due
                     DESCO and PGCB



None                 The Government and LEPC not yet due              By 31 December 2010, LEPC’s
                     will make appropriate                            tariff structure will reflect the
                     alignments of tariff                             corresponding economic costs of
                     categories such that by 31                       supply of electric power for each
                     December 2004, tariffs for                       tariff category.
                     rural consumers in Liaoning
                     Province will have been
                     brought in line with tariffs
                     for urban consumers.

Not yet applicable   PPCs will be able to        Not yet applicable
                     recover all costs of
                     purchasing and distributing
                     wind-based power from
                     consumers
None                 None                        None                 None
Compliance Status   Financial Covenant 7   Compliance Status
This covenant has
been complied with.




Full subsidy was not   State Government will review   Tariffs have been revised, but not
given                  TNEB’s tariff to contain       agricultural tariffs.
                       subvention
Due to the           *Assets based on historical cost
restructuring of
NEEPGC,
implementation may
be delayed
Not complied with,
current GOL account
payable = 7 months of
consumption
Not fully complied
with. Major causes
are defective meters,
meter misreading, and
illegal connections.
Not complied. 1996 =
26%, 1997 = 24.7%,
1998 = 20.4%




Not complied with.      Government will approve setting        Not complied with on time. The tariff
The penal rate still    of POWERGRID’s transmission            notification was issued only in 16
stands at 1.5%.         tariffs to enable it to recover full   December 1997. Central Electricity
                        costs of service and earn a 16%        Regulatory Commission’s (CERC)
                        ROR on its equity investments in       Orders of Commission on ABT Petition
                        transmission projects                  No. 2/99 was issued on 4 January 2000.
                        commissioned after 1 April 1997.

Not complied with,
current GOL account
payable = 7 months of
consumption
Complied with   REB shall divest its equity in RPC Being complied with (as of December
                completely by December 2002.       2000)
To be verified
To be verified




To be verified




To be verified




Not complied with,
current GOL account
payable = 7 months of
consumption
Partially complied
with: FY1998 –
19.9%, FY1999 –
28.0%, and FY2000 –
27.8%(estimated)
not yet due
not yet due




None
Compliance Action                                Compliance Action

NPC cited the regional currency crisis, the       The RORB, which averaged 7.4% from
lack of a base-rate tariff increase, and the     1993 to 1997, declined to 3.4% in 1998.
Bank’s inclusion of capacity fee payments in     The debt service ratio, which was at 0.9 in
the definition of debt service as contributing   1993 and rose to 1.2 annually from 1994 to
to their non-compliance. NPC did not apply       1996, fell back to 0.9 in 1997 and 1998.
for any tariff increase in 1998 because they     Thus, NPC failed to comply with its debt
believed that they could offset this by          service covenant in 1997, and both the debt
increasing sales volume. This, however, did      service and RORB covenants in 1998
not materialize. NPC requested a waiver of
the Bank's financial covenants for 1997 and
1998, and this was approved.



NPC cited the regional currency crisis, the       The RORB, which averaged 7.4% from
lack of a base-rate tariff increase, and the     1993 to 1997, declined to 3.4% in 1998.
Bank’s inclusion of capacity fee payments in     The debt service ratio, which was at 0.9 in
the definition of debt service as contributing   1993 and rose to 1.2 annually from 1994 to
to their non-compliance. NPC did not apply       1996, fell back to 0.9 in 1997 and 1998.
for any tariff increase in 1998 because they     Thus, NPC failed to comply with its debt
believed that they could offset this by          service covenant in 1997, and both the debt
increasing sales volume. This, however, did      service and RORB covenants in 1998
not materialize. NPC requested a waiver of
the Bank's financial covenants for 1997 and
1998, and this was approved.



Meralco failed to meet the 8% rate of return
covenant in 1998-2000 because of the request
of the President of the Philippines to deferr
the planned 1999 tariff increase in light of
poor economic conditions.
Prior to 1997, energy sales were increasing at
an average annual rate of 7-9 percent (Table
2). However, the 1997 Asian Financial Crisis
had subsequently resulted in lower energy
consumption. RORB for 1996 was above
8%, but has declined to 7.18% in 1997 and to
2.22% in 2000. The covenant has been
waived for 1997, 1998 and 1999. NPC has
applied for another waiver for 2000.Loan
1590-PHI subsequently modified the RORB
requirement to 7 percent for 1998 and 8
percent thereafter.
As of Nov 97, The PPA between Liulin
Power Company and Shanxi Electric Power
Bureau had not yet been signed. However, it
is expected to be in force by December 1997.
The PCR mission reviewed the approved
PPA (approved by the Shanxi Province
Pricing Bureau in March 1997) and noted that
it allowed for full cost recovery and
repayment of foreign and local loans. With
the approved rate (Y 0.404/kWh), LPC will
have no problems meeting the covenanted
financial performance targets.
ROR and DSCR figures do not tally with
those of L-1414-SRI(SF)




ROR and DSCR figures do not tally with
those of L-1021-SRI(SF)




No additional assurances are considered
necessary for the supplementary loan other
than for EdL to reduce accounts receivable
from domestic consumers to three months
equivalent by July 1996
RPC is a new company that would be set up
to oversee the power generation component
of the project
ROR based on net historical fixed assets
EGAT has requested waiver for FY1994 on
grounds that Bulk Tariff Review should
increase revenue, while sale of assets in FY
1994&95 should reduce net investment.




Instead of paying off its debts, NEA built up NEA’s continuously weak financial
payables to Government to limit cash            standing made it impossible to meet the
outflow, thereby appearing to improve its self- required financial covenants. Hence in
financing ratio. Except in FY1995, FY1996, succeeding appraisals of other loans (1452-
and FY 1998, NEA achieved the minimum           NEP and 1732-NEP) some of NEA’s
SFR estimated by the appraisal missions.        financial covenants were modified.

								
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