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Second Additional Financing for Energy Community of South East Europe APL Program APL 5 for Albania Dam Safety

Development Objective

The objectives of the Project are to: (i) contribute to safeguarding the hydroelectric dams on the Drin and Mat river cascades in the territory of the Borrower; and (ii) improve the operational efficiency of said hydroelectric dams and enhance the stability of power supply in the regional market.

Key Details

Project Details

  • P166469

  • Closed

  • Gazmend Daci , Joseph Melitauri

  • Albania

  • Albania

  • March 17, 2018

  • (as of board presentation)

    May 25, 2018

  • N/A

  • US$ 21.75 million

  • Albanian Power Corporation (KESH)

  • Europe and Central Asia

  • 2018

  • US$ 22.45 million

  • B

  • Not Applicable

  • December 31, 2021

  • Yes

  • BANK APPROVED

  • P110481

  • October 2, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
European Bank for Reconstruction and Development 7.55
International Bank for Reconstruction and Development 14.90

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 14.90
IDA Commitment N/A
IBRD + IDA Commitment 14.90
Lending Instrument
Grant Amount 7.55
Total Project Cost** 21.75

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

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of September 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Safeguarded dams and generation capacitiesValueSafeguard measures are not functional60% of Albania’s hydropower capacity affected by sSafeguard remedies are implemented at Drin and Mat
    DateMay 19, 2008December 5, 2017December 31, 2020
    Comment
  • Increased Electricity output due to reduced water leakages and electro-mechanical equipment rehabilitation.Value0 GWh5 GWh - Electricity Output increased by the end of11 GWh
    DateMay 19, 2008December 5, 2017June 30, 2019
    Comment
  • Improve the dams’ operation efficiencyValue0.005.0031.00
    DateMay 19, 2008December 5, 2017December 31, 2020
    Comment
  • Regional Market LiberalizationValue0% in most countries8% in Albania:Ten customers connected in HV are The Albanian Power Exchange to be Functional and O
    DateMarch 10, 2011December 5, 2017December 31, 2020
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • The rehabilitated spillways are tested and functional for very high priority investments.ValueFeasibility Study (FS) completedThe final BER for Spillway Gates Rehabilitation isRehabilitation tested and completed.
    DateMarch 10, 2011December 5, 2017December 31, 2020
    Comment
  • High priority remedial measures completed.ValueFS completedThe Dam Monitoring Systems are COMPLETED.The addRehabilitation completed
    DateMarch 10, 2011December 5, 2017December 31, 2020
    Comment
  • Remedial measures of medium priority and operational improvements completed.ValueFS completed(i). The Rock-fall protection in Fierza HPP and KoRemedial measures and operational improvements com
    DateMarch 10, 2011December 5, 2017December 31, 2020
    Comment
  • Safety of Dams Expert PanelValueTerms of reference draftedThe Expert Panel is fully operative; the individuaPanel in full operation.
    DateMarch 10, 2011December 5, 2017June 30, 2019
    Comment
  • Hydrology analysis and water managementValuePlanning stagCompletedThe system is completed and functional
    DateMarch 10, 2011December 31, 2017June 30, 2019
    Comment
  • Emergency preparedness planValuePlanning stageCompletedContinuation
    DateMarch 10, 2011December 31, 2015June 30, 2019
    Comment
  • Strengthen the capacities of KESH’s dam safety department and AlbCOLDValuePlanning stageCompletedCompletion
    DateMarch 10, 2011December 31, 2015June 30, 2019
    Comment
  • Prepare a new structure and organization for KESH GenerationValuePlanning stageCompletedImplementation
    DateMarch 10, 2011December 31, 2015June 30, 2019
    Comment
  • Financial management capacity buildingValuePlanning stageThere is no Progress. The FM will be tendered in 2KESH’s annual financial statements are prepared in
    DateMarch 10, 2011December 5, 2017December 31, 2020
    Comment
  • Percentage of grievance received and addresses within agreed timeframeValue0.000.0095.00
    DateJanuary 31, 2018December 5, 2017December 31, 2020
    Comment