Project was embedded in the objectives of the National Development Plan for 1997-2000, and was to support the Government strategy to increase private sector participation in the infrastructure sectors. Development objectives are (i) to improve the supply of power, water and sanitation systems; (ii) to increase operational and end-use efficiency in the power and water sectors: (iii) to lessen the barriers to the development of renewable energy resources; and (iv) foster sound management of water resources. Specific objectives are:(a) privatization of Electra; (b) increased private participation in and financial autonomy of water operations; (c) expansion and rehabilitation of power, water and sanitation systems in major urban centers; ( d) development of wind power capacity with private financing; ( e) promotion of solar photovoltaic and wind energy systems for decentralized use; (f) development of a regulatory and legal framework in the power and water sectors; (g) capacity strengthening for regulation, and promotion of energy efficiency.