Pamir Private Power Project

Abstract*

The objective of the Pamir Private Power Project, is to improve reliability, and enhance the quality of electricity supply in the Gorno Badakshan Autonomous Oblast region, through private sector involvement, in a financially, environmentally, and socially sustainable manner. The project components shall include: 1) completion of the existing Pamir hydro plant, and the associated Lake Yashikul regulating structure, which will entail the construction... Show More

Development Objective

The objective of the Project is, through private sector involvement, to improve the reliability and enhance the quantity of supply of electricity in the Gorno B adakshan Autonomous Oblast (GBAO) region in a financially, environmentally and s ocially sustainable way.

Key Details

Project Details

Project ID
P075256
Status
Closed
Team Leader
Imtiaz Hizkil
Borrower 2
N/A

Country
Tajikistan
Disclosure Date
October 26, 2001
Approval Date
(as of board presentation)
June 27, 2002
Effective Date
March 12, 2003

Total Project Cost 1
US$ 26.40 million
Implementing Agency
N/A
Region
Europe and Central Asia
Fiscal Year 3
2002

Commitment Amount
US$ 10.00 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2010

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

Associated Projects
P105727

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Environmental Health and Pollution Management33%
- FY17 - Air quality management11%
- FY17 - Soil Pollution11%
- FY17 - Water Pollution11%

FY17 - Private Sector Development

FY17 - Jobs11%
- FY17 - Job Creation11%
FY17 - Public Private Partnerships10%

FY17 - Urban and Rural Development

FY17 - Rural Development45%
- FY17 - Rural Infrastructure and service delivery45%
FY17 - Urban Development11%
- FY17 - Urban Infrastructure and Service Delivery11%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	10.00
Foreign Private Commercial Sources (unidentified)	8.20
International Finance Corporation (IFC)	8.00
Borrower/Recipient	0.20

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	10.00
IBRD + IDA Commitment	10.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	26.40

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 1, 2022	IDA-36820	Int Charges	22,763.97
Jun 1, 2022	IDA-36820	Loan Repay	1,224.37
Jun 1, 2022	IDA-36820	Loan Repay	100,468.94
Jun 1, 2022	IDA-36820	Int Charges	30,889.34
Jun 1, 2022	IDA-36820	Int Charges	30,889.34
Dec 1, 2017	IDA-36820	Int Charges	2,909.09
Dec 1, 2017	IDA-36820	Int Charges	2,909.09
Dec 1, 2017	IDA-36820	Loan Repay	103,620.37
Jun 1, 2017	IDA-36820	Loan Repay	4,306.67
Jun 1, 2017	IDA-36820	Loan Repay	100,073.07
Dec 1, 2021	IDA-36820	Loan Repay	32,744.24
Dec 1, 2021	IDA-36820	Loan Repay	72,745.03
Dec 1, 2021	IDA-36820	Int Charges	32,437.95
Dec 1, 2021	IDA-36820	Int Charges	32,437.95
Dec 1, 2021	IDA-36820	Int Charges	2,754.90
Dec 1, 2021	IDA-36820	Int Charges	2,754.90
Jun 1, 2021	IDA-36820	Loan Repay	0.01
Jun 1, 2021	IDA-36820	Int Charges	31,057.18
Jun 1, 2021	IDA-36820	Int Charges	31,057.18
Jun 1, 2021	IDA-36820	Int Charges	1,859.58
Jun 1, 2021	IDA-36820	Int Charges	1,859.58
Jun 1, 2021	IDA-36820	Loan Repay	33,198.62
Jun 1, 2021	IDA-36820	Loan Repay	75,722.52
Jun 1, 2021	IDA-36820	Int Charges	-0.01
Jun 1, 2021	IDA-36820	Int Charges	-0.01
Dec 1, 2020	IDA-36820	Int Charges	557.57
Dec 1, 2020	IDA-36820	Int Charges	557.57
Dec 1, 2020	IDA-36820	Loan Repay	105,762.35
Dec 1, 2020	IDA-36820	Loan Repay	1,950.53
Dec 1, 2020	IDA-36820	Int Charges	32,090.60
Dec 1, 2020	IDA-36820	Int Charges	32,090.60
Jun 1, 2020	IDA-36820	Int Charges	32,410.92
Jun 1, 2020	IDA-36820	Int Charges	32,410.92
Jun 1, 2020	IDA-36820	Loan Repay	70,546.45
Jun 1, 2020	IDA-36820	Int Charges	1,083.26
Jun 1, 2020	IDA-36820	Int Charges	1,083.26
Jun 1, 2020	IDA-36820	Loan Repay	32,813.44
Dec 1, 2019	IDA-36820	Int Charges	-0.01
Dec 1, 2019	IDA-36820	Int Charges	-0.01
Dec 1, 2019	IDA-36820	Loan Repay	0.01
Dec 1, 2019	IDA-36820	Loan Repay	1,052.67
Dec 1, 2019	IDA-36820	Loan Repay	102,431.57
Dec 1, 2019	IDA-36820	Int Charges	232.58
Dec 1, 2019	IDA-36820	Int Charges	232.58
Dec 1, 2019	IDA-36820	Int Charges	32,056.51
Dec 1, 2019	IDA-36820	Int Charges	32,056.51
Jul 31, 2008	IDA-H3810	Loan Commitment	2,500,000.00
Jun 1, 2024	IDA-36820	Loan Repay	171,839.69
Jun 1, 2024	IDA-36820	Loan Repay	27,687.68
Jun 27, 2002	IDA-36820	Loan Commitment	10,000,000.00
Jun 1, 2024	IDA-36820	Int Charges	2,956.75
Jun 1, 2024	IDA-36820	Int Charges	2,956.75
Jun 1, 2024	IDA-36820	Int Charges	27,684.43
Jun 1, 2024	IDA-36820	Int Charges	27,684.43
Dec 1, 2023	IDA-36820	Loan Repay	85,105.51
Dec 1, 2023	IDA-36820	Loan Repay	2,717.22
Dec 1, 2023	IDA-36820	Loan Repay	113,019.19
Dec 1, 2023	IDA-36820	Int Charges	25,643.75
Dec 1, 2023	IDA-36820	Int Charges	25,643.75
Jun 1, 2023	IDA-36820	Int Charges	7,153.59
Jun 1, 2023	IDA-36820	Int Charges	7,153.59
Jun 1, 2023	IDA-36820	Loan Repay	108,461.01
Jun 1, 2023	IDA-36820	Loan Repay	92,037.20
Jun 1, 2023	IDA-36820	Int Charges	29,322.87
Jun 1, 2023	IDA-36820	Int Charges	29,322.87
Dec 1, 2022	IDA-36820	Loan Repay	133,980.88
Dec 1, 2022	IDA-36820	Loan Repay	3,070.04
Dec 1, 2022	IDA-36820	Loan Repay	62,072.43
Dec 1, 2022	IDA-36820	Int Charges	22,763.97
Dec 1, 2013	IDA-36820	Loan Repay	73,145.79
Dec 1, 2013	IDA-36820	Int Charges	42,526.55
Dec 1, 2013	IDA-36820	Int Charges	42,526.55
Dec 1, 2013	IDA-36820	Loan Repay	42,174.86
Dec 1, 2013	IDA-36820	Loan Repay	397.96
Dec 1, 2014	IDA-36820	Int Charges	37,782.58
Dec 1, 2014	IDA-36820	Int Charges	37,782.58
Dec 1, 2014	IDA-36820	Loan Repay	109,826.78
Dec 1, 2014	IDA-36820	Int Charges	1,931.55
Dec 1, 2014	IDA-36820	Int Charges	1,931.55
Dec 1, 2014	IDA-36820	Loan Repay	490.35
Jun 1, 2017	IDA-36820	Int Charges	2,193.39
Jun 1, 2017	IDA-36820	Int Charges	2,193.39
Jun 1, 2017	IDA-36820	Int Charges	30,586.47
Jun 1, 2017	IDA-36820	Int Charges	30,586.47
Jun 1, 2016	IDA-36820	Loan Repay	103,030.92
Dec 1, 2016	IDA-36820	Int Charges	3,845.51
Dec 1, 2016	IDA-36820	Int Charges	3,845.51
Jun 1, 2016	IDA-36820	Loan Repay	2,707.10
Jun 1, 2016	IDA-36820	Int Charges	3,184.23
Jun 1, 2016	IDA-36820	Int Charges	3,184.23
Jun 1, 2016	IDA-36820	Int Charges	33,691.88
Jun 1, 2016	IDA-36820	Int Charges	33,691.88
Dec 1, 2016	IDA-36820	Loan Repay	643.54
Dec 1, 2016	IDA-36820	Loan Repay	101,365.61
Dec 1, 2016	IDA-36820	Int Charges	31,347.62
Dec 1, 2016	IDA-36820	Int Charges	31,347.62
Dec 1, 2015	IDA-36820	Int Charges	870.02
Dec 1, 2015	IDA-36820	Int Charges	870.02
Dec 1, 2015	IDA-36820	Loan Repay	37,223.17
Dec 1, 2015	IDA-36820	Loan Repay	66,337.97
Dec 1, 2015	IDA-36820	Int Charges	36,505.27
Dec 1, 2015	IDA-36820	Int Charges	36,505.27
Jun 1, 2015	IDA-36820	Loan Repay	1,960.03
Jun 1, 2015	IDA-36820	Loan Repay	35,090.42
Jun 1, 2015	IDA-36820	Loan Repay	67,599.12
Jun 1, 2015	IDA-36820	Int Charges	36,402.22
Jun 1, 2015	IDA-36820	Int Charges	36,402.22
Jun 1, 2014	IDA-36820	Loan Repay	73,747.46
Jun 1, 2014	IDA-36820	Int Charges	42,236.82
Jun 1, 2014	IDA-36820	Int Charges	42,236.82
Jun 1, 2014	IDA-36820	Loan Repay	172.15
Jun 1, 2014	IDA-36820	Loan Repay	42,195.48
Jun 1, 2019	IDA-36820	Loan Repay	102,581.90
Jun 1, 2019	IDA-36820	Int Charges	2,051.85
Jun 1, 2019	IDA-36820	Int Charges	2,051.85
Jun 1, 2019	IDA-36820	Loan Repay	1,258.14
Jun 1, 2019	IDA-36820	Int Charges	31,825.94
Jun 1, 2019	IDA-36820	Int Charges	31,825.94
Dec 1, 2018	IDA-36820	Loan Repay	3,658.30
Dec 1, 2018	IDA-36820	Loan Repay	100,604.60
Dec 1, 2018	IDA-36820	Int Charges	4,604.27
Dec 1, 2018	IDA-36820	Int Charges	4,604.27
Dec 1, 2018	IDA-36820	Int Charges	29,802.46
Dec 1, 2018	IDA-36820	Int Charges	29,802.46
Jun 1, 2018	IDA-36820	Int Charges	546.86
Jun 1, 2018	IDA-36820	Int Charges	546.86
Jun 1, 2018	IDA-36820	Loan Repay	36,588.53
Jun 1, 2018	IDA-36820	Loan Repay	70,265.81
Jun 1, 2018	IDA-36820	Int Charges	35,662.62
Jun 1, 2018	IDA-36820	Int Charges	35,662.62
Dec 1, 2017	IDA-36820	Int Charges	35,541.77
Dec 1, 2017	IDA-36820	Int Charges	35,541.77
Dec 1, 2017	IDA-36820	Loan Repay	3,310.09

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Unsatisfactory	2010-12-20
Counterpart Funding	Satisfactory	2010-12-20
Project Management	Moderately Satisfactory	2010-12-20
Financial Management	Moderately Unsatisfactory	2010-12-20
Progress towards achievement of PDO	Satisfactory	2010-12-20
Monitoring and Evaluation	Satisfactory	2010-12-20
Overall Implementation Progress (IP)	Moderately Satisfactory	2010-12-20

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-29-2011
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 07-26-2012	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Moderate	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Exemplary	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Signing Concession Agreement between PamirEnergy and Government of Tajikistan (GoT)	Value	Concession Agreement signed at appraisal.	Private Concessionaire operating satisfactorily.	Private Concessionaire operating satisfactorily.
	Date	May 24, 2002	April 28, 2010	December 31, 2010
	Comment	Concession Agreement was signed on May 24, 2002 for a term of 25 years.

Increased electricity sales in GBAO region.	Value	135,000 MWh/year	174,395 MWh in 2009	200,000 MWh/year
	Date	December 31, 2002	March 23, 2010	December 31, 2010
	Comment		Generation in 2009 was slightly lower than generation in 2008 (178,141MWh), reported in the previous ISR, due to lower demand as aresult of warm weather, several emergency/forced repairs and change in pattern of consumption. In this context, and due to overalllower actual demand and plant availability then forecast, the 2006 target of 190,000MWh/year had not been reached.

Residential consumers, especially the poorer section, consuming desired level of electricity.	Value	3 hrs/day in winter	22-24 hrs/day in winter	22 hrs/day in winter
	Date	December 31, 2002	March 23, 2010	December 31, 2010
	Comment		The above electricity supply is to the main grid area, which covers 80% of the electricity consumption in GBAO. Same (23hrs/day)supply was reported in the previous ISR and meets end-project target.

PamirEnergy improving collection rates.	Value	40%	92%	95%
	Date	December 31, 2002	September 30, 2010	December 31, 2010
	Comment		The collection rate has substantially increased (comparing to baseline and 2009 figures) almost near the the end-target indicator.

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Implementation of the agreed Environmental Management Plan (EMP)	Value	Environmental Management Plan (EMP) prepared at ap	Implementation of the agreed Environmental Managem	Implementation of the agreed Environmental Managem
	Date	June 30, 2002	September 15, 2010	December 31, 2010
	Comment		WB mission reviewed the implementation of EMP during site visit in September 2009 and September 2010 and found it satisfactory.

Maintaining the maximum average tariffs in USc/kWh as agreed in Concession Agreement	Value	0.4 USc/kWh	3.25c/kWh max. average tariff.	3.00 USc/kWh with a tariff formula allowing adjust
	Date	January 1, 2001	January 30, 2010	January 1, 2010
	Comment		This tariff is higher than the 2009 tariff of 2.89 c/kWh and is likley to remain in line with the Concession Agreement byend-project.

Annually achieve the following financial performance targets: PamirEnergy maintains a minimum Debt Service Coverage Ratio of 1.2;	Value	Not availbale at appraisal.	3.7	1.2
	Date	December 31, 2002	June 29, 2010	December 31, 2010
	Comment		Target is achieved.

Minimum standards for service to individual customers: Voltage: % change of nominal, and Frequency: Hz	Value	not available	for the Jan-May 2009 period: Voltage:210-220V (-	Voltage: +/- 10% of nominal Frequency: 50Hz+/- 5%
	Date	December 31, 2002	June 30, 2009	December 31, 2010
	Comment		The voltage level in 2008 was also within target, and end-of project target is likely to be met. The frequency in 2008 was alsoon target (main grid) and end- project target is likley to be met.

Minimum standards for service to individual customers. Maximum duration of outage for rupture of conductor, foreign obstacle on line, failure of insulators, breakage or failure of pole, fuse burn-out.	Value	not available	Less than 10 hours	36 hours
	Date	December 31, 2002	June 30, 2010	December 31, 2010
	Comment		This indicator has improved and met the end-target.

Minimum standards for service to individual customers: Maximum duration of outage for failure of transformer, circuit breaker, or substation equipment, when spare parts must be obtained in Khorog.	Value	not available	Less than 20 hours	48 hours
	Date	December 31, 2002	June 30, 2010	December 31, 2010
	Comment		This indicator has improved and met the end-target of 48 hours.

Minimum standards for service to indiv. customers: Max. duration of outage for transformer, circuit breaker or substation equipmentfailure, when spare parts must be obtained outside the region.	Value	not available	1-2 weeks in Jan-May 2009	30 days
	Date	December 31, 2002	June 30, 2009	December 31, 2010
	Comment		This indicator has improved relative to 30 days in 2008 and is likely to remain on target until project's end.

Technical lossess in the transmission and distribution network reduced.	Value	not available	17.3%	8%
	Date	December 31, 2002	September 30, 2010	December 31, 2010
	Comment		This indicator reflects technical and non-technical losses together as PEC cannot calculate separately technical and non-technicallosses in transmission.