Power Sector Generation & Restructuring Project

Abstract*

The development objective of the project is to achieve significant improvement in power system performance through (i) priority investments to increase domestic thermal generation, and (ii) measures to implement sector reforms and institutional strengthening. The project has the following two components: Component 1) The main component is a combined-cycle power station fueled by distillate oil at a six-hectare Greenfield site about six km north of... Show More

Development Objective

Key Details

Project Details

Project ID
P077526
Status
Closed
Team Leader
Arturo S. Rivera
Borrower 2
N/A

Country
Albania
Disclosure Date
February 11, 2003
Approval Date
(as of board presentation)
March 16, 2004
Effective Date
January 25, 2005

Total Project Cost 1
US$ 112.66 million
Implementing Agency
N/A
Region
Europe and Central Asia
Fiscal Year 3
2004

Commitment Amount
US$ 100.00 million
Environmental Category
A
Last Update Date
January 15, 2013
Closing Date
December 30, 2011

Last Stage Reached
BANK APPROVED

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 - Private Sector Development

FY17 - Business Enabling Environment25%
- FY17 - Regulation and Competition Policy25%
FY17 - Jobs8%
- FY17 - Job Creation8%

FY17 - Public Sector Management

FY17 - Public Administration50%
- FY17 - State-owned Enterprise Reform and Privatization50%

FY17 - Urban and Rural Development

FY17 - Rural Development8%
- FY17 - Rural Infrastructure and service delivery8%
FY17 - Urban Development8%
- FY17 - Urban Infrastructure and Service Delivery8%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
European Bank for Reconstruction and Development	37.50
IDA Credit	25.00
Borrowing Agency	12.66
EC: European Investment Bank	37.50

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	25.00
IBRD + IDA Commitment	25.00

Lending Instrument
Grant Amount	75.00
Total Project Cost**	112.66

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 1, 2014	IDA-38720	Int Charges	810.48
Sep 1, 2013	IDA-38720	Int Charges	89,359.82
Sep 1, 2013	IDA-38720	Int Charges	89,359.82
Sep 1, 2013	IDA-38720	Int Charges	1,789.86
Sep 1, 2013	IDA-38720	Int Charges	1,789.86
Mar 1, 2017	IDA-38720	Loan Repay	463.07
Mar 7, 2017	IDA-38720	Int Charges	58,095.34
Mar 7, 2017	IDA-38720	Loan Repay	1,090,226.60
Mar 7, 2017	IDA-38720	Int Charges	58,095.34
Sep 1, 2016	IDA-38720	Loan Repay	1,125,821.20
Sep 1, 2016	IDA-38720	Int Charges	67,736.45
Sep 1, 2016	IDA-38720	Int Charges	67,736.45
Sep 1, 2016	IDA-38720	Loan Repay	3,119.42
Mar 1, 2016	IDA-38720	Int Charges	4,832.75
Mar 1, 2016	IDA-38720	Int Charges	4,832.75
Mar 1, 2016	IDA-38720	Loan Repay	1,118,180.50
Mar 1, 2016	IDA-38720	Int Charges	71,283.97
Mar 1, 2016	IDA-38720	Int Charges	71,283.97
Sep 1, 2015	IDA-38720	Loan Repay	1,103,107.20
Sep 1, 2015	IDA-38720	Loan Repay	35,897.76
Sep 1, 2015	IDA-38720	Int Charges	71,960.09
Sep 1, 2015	IDA-38720	Int Charges	71,960.09
Sep 1, 2014	IDA-38720	Int Charges	92,131.44
Mar 1, 2015	IDA-38720	Loan Repay	26,091.41
Sep 1, 2014	IDA-38720	Loan Repay	1,228,419.40
Sep 1, 2014	IDA-38720	Int Charges	444.40
Sep 1, 2014	IDA-38720	Int Charges	444.40
Sep 1, 2014	IDA-38720	Int Charges	92,131.44
Mar 1, 2015	IDA-38720	Loan Repay	1,112,533.40
Mar 1, 2015	IDA-38720	Int Charges	81,127.05
Mar 1, 2015	IDA-38720	Int Charges	81,127.05
Mar 1, 2014	IDA-38720	Int Charges	93,439.41
Mar 1, 2014	IDA-38720	Int Charges	93,439.41
Mar 1, 2014	IDA-38720	Int Charges	810.48
Mar 1, 2021	IDA-38720	Int Charges	34,870.33
Mar 1, 2021	IDA-38720	Int Charges	34,870.33
Mar 1, 2021	IDA-38720	Int Charges	30,511.58
Mar 1, 2021	IDA-38720	Int Charges	30,511.58
Sep 1, 2020	IDA-38720	Loan Repay	7,987.03
Sep 1, 2020	IDA-38720	Loan Repay	1,139,530.80
Mar 1, 2020	IDA-38720	Loan Repay	1,094,407.10
Mar 1, 2020	IDA-38720	Int Charges	37,497.22
Mar 1, 2020	IDA-38720	Int Charges	37,497.22
Mar 1, 2020	IDA-38720	Loan Repay	16,621.62
Sep 1, 2019	IDA-38720	Int Charges	3,050.19
Sep 1, 2019	IDA-38720	Int Charges	3,050.19
Sep 1, 2019	IDA-38720	Loan Repay	1,107,032.10
Sep 1, 2019	IDA-38720	Int Charges	41,513.74
Sep 1, 2019	IDA-38720	Int Charges	41,513.74
Mar 1, 2019	IDA-38720	Loan Repay	4,439.75
Mar 1, 2019	IDA-38720	Loan Repay	1,123,740.50
Mar 1, 2019	IDA-38720	Int Charges	43,428.96
Mar 1, 2019	IDA-38720	Int Charges	43,428.96
Sep 1, 2018	IDA-38720	Int Charges	51,019.71
Sep 1, 2018	IDA-38720	Int Charges	51,019.71
Sep 1, 2018	IDA-38720	Loan Repay	1,133,770.60
Sep 1, 2018	IDA-38720	Int Charges	16,332.61
Sep 1, 2018	IDA-38720	Int Charges	16,332.61
Mar 1, 2018	IDA-38720	Int Charges	22,598.13
Mar 1, 2018	IDA-38720	Int Charges	22,598.13
Mar 1, 2018	IDA-38720	Loan Repay	1,167,919.90
Mar 1, 2018	IDA-38720	Int Charges	40,111.52
Mar 1, 2018	IDA-38720	Int Charges	40,111.52
Sep 1, 2017	IDA-38720	Int Charges	38,014.19
Sep 1, 2017	IDA-38720	Int Charges	38,014.19
Sep 1, 2017	IDA-38720	Int Charges	3,423.12
Sep 1, 2017	IDA-38720	Int Charges	3,423.12
Sep 1, 2017	IDA-38720	Loan Repay	1,146,699.00
Sep 1, 2017	IDA-38720	Int Charges	143.28
Sep 1, 2017	IDA-38720	Int Charges	143.28
Mar 16, 2004	IDA-38720	Loan Commitment	25,000,000.00
Mar 1, 2024	IDA-38720	Loan Repay	1,073,262.80
Mar 1, 2024	IDA-38720	Int Charges	4,024.92
Mar 1, 2024	IDA-38720	Int Charges	4,024.92
Mar 1, 2024	IDA-38720	Loan Repay	40.83
Sep 1, 2023	IDA-38720	Int Charges	8,070.22
Sep 1, 2023	IDA-38720	Int Charges	2,471.80
Sep 1, 2023	IDA-38720	Int Charges	2,471.80
Sep 1, 2023	IDA-38720	Loan Repay	1,076,030.00
Sep 1, 2023	IDA-38720	Int Charges	8,070.22
Mar 1, 2023	IDA-38720	Loan Repay	1,056,168.40
Mar 1, 2023	IDA-38720	Int Charges	9,661.45
Mar 1, 2023	IDA-38720	Int Charges	9,661.45
Mar 1, 2023	IDA-38720	Loan Repay	22,976.30
Sep 1, 2022	IDA-38720	Loan Repay	1,049,290.60
Sep 1, 2022	IDA-38720	Int Charges	15,799.30
Sep 1, 2022	IDA-38720	Int Charges	15,799.30
Sep 1, 2022	IDA-38720	Loan Repay	3,997.37
Mar 1, 2022	IDA-38720	Loan Repay	570.78
Mar 1, 2022	IDA-38720	Loan Repay	1,127,819.80
Mar 1, 2022	IDA-38720	Int Charges	21,157.34
Mar 1, 2022	IDA-38720	Int Charges	21,157.34
Sep 1, 2021	IDA-38720	Loan Repay	1,148,395.40
Sep 1, 2021	IDA-38720	Int Charges	0.01
Sep 1, 2021	IDA-38720	Int Charges	0.01
Sep 1, 2021	IDA-38720	Int Charges	25,907.55
Sep 1, 2021	IDA-38720	Int Charges	25,907.55
Sep 1, 2021	IDA-38720	Loan Repay	3,052.59
Mar 1, 2021	IDA-38720	Loan Repay	1,162,345.60
Mar 1, 2021	IDA-38720	Loan Repay	4,211.56

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Safeguards Rating	Satisfactory	2011-12-26
Procurement	Satisfactory	2011-12-26
Project Management	Moderately Satisfactory	2011-12-26
Financial Management	Moderately Satisfactory	2011-12-26
Counterpart Funding	Satisfactory	2011-12-26
Monitoring and Evaluation	Satisfactory	2011-12-26
Overall Implementation Progress (IP)	Moderately Satisfactory	2011-12-26
Progress towards achievement of PDO	Moderately Satisfactory	2011-12-26
Overall Safeguards Rating	Satisfactory	2011-12-26

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 10-31-2012
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome	High
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Satisfactory
Government Performance	Substantial
Implementing Agency	Moderately Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-17-2013	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Unsatisfactory	N/a
Risk To Development Outcome	High	N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance	Moderately Unsatisfactory	N/a
Government Performance	Moderately Unsatisfactory	N/a
Implementing Agency	Moderately Unsatisfactory	N/a
Icr Quality	Unsatisfactory	N/a
M&e Quality	Negligible	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Power Losses	Value	41.7%	30.2%	26.92%
	Date	December 31, 2002	December 2, 2011	December 30, 2011
	Comment		Distribution was privatized in May 2009. KESH is no longer responsible for achieving this target. Based on the Concessioncontract,it is expected that the Private concessionaire will reach 30% level of losses by end of 2010 (achieved) and 26.92 % by endof 2011.

Billing Collection (excluding arrears)	Value	80.4%	68%	85%
	Date	December 31, 2002	December 2, 2011	December 30, 2011
	Comment		Distribution was privatized in May 2009. KESH is no longer responsible for achieving this target. Based on the Concessioncontract,collection will reach 80% by end of 2010 (actual was 77%) and 85% by the end of 2011.

Tariffs are annually set by independent Regulator based on a review of the associated costs	Value	Weak regulatory framework with key tariff decision	The Distribution privatization Law includes provid	New law passed under which strengthened Regulator
	Date	December 31, 2002	December 31, 2010	December 31, 2003
	Comment		The last tariffs approval was in December 2009. The end users average tariff increase was 13% for 2010.

Completion of the Vlore Thermal Power Station Value 0% 100% 100%
Date December 31, 2002 October 31, 2011 May 28, 2009
Comment The power plant is 100% completed and entered commercial operation phase.

Energy Generated from Thermal Power Plant	Value	0	The power plant produceda net amount of 57 GWh (8	250 GWh per annum out of 700 GWh per annum its nor
	Date	December 31, 2002	October 31, 2011	December 31, 2012
	Comment		The Regulator has approved the PPA with KESH and associated tariffs, including generation of GWh 240 by Vlore TPP plant for 2011.	The Regulator has to approve yearly the amount to be generated by the Vlore TPP and will recognize the costs.

Appropriate Regulatory Framework (Indpendent Regulator and Functioning Electricity Market)	Value	Weak regulatory framework with no independent Regu	Regulatory Authority Established; Albanian Market	Independent Regulator Established; Electricity Mar
	Date	December 31, 2002	March 23, 2010	December 31, 2009
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Completion of the Vlore Thermal Power Station Value 0% 100% 100%
Date March 16, 2004 October 31, 2011 December 30, 2011
Comment The power plant is 100% completed and has entered commercial operation phase.

Completion of the Vlore Thermal Power Station	Value	0%	100%	100%
	Date	December 31, 2002	October 31, 2011	May 28, 2009
	Comment		The power plant is 100% completed and entered commercial operation phase.