The Power Recovery Project

Abstract*

The Power Recovery Project of Albania has an objective to improve reliability of power supply and financial viability of the power sector. This proposed project consists of four components: i) short-term complementary power import support; ii) upgrading distribution infrastructure, iii) transmission meter/data center upgrade; and iv) supporting power sector reforms and project implementation. The first component will support KESh/WPS with up to US$... Show More

Development Objective

The project development objective is to improve reliability of power supply and financial viability of the power sector.

Key Details

Project Details

Project ID
P144029
Status
Closed
Team Leader
Rome Chavapricha , Gazmend Daci, Mbuso Gwafila
Borrower 2
Republic of Albania

Country
Albania
Disclosure Date
May 20, 2014
Approval Date
(as of board presentation)
September 29, 2014
Effective Date
January 30, 2015

Total Project Cost 1
US$ 201.30 million
Implementing Agency
Ministry of Infrastructure and Energy
Region
Europe and Central Asia
Fiscal Year 3
2015

Commitment Amount
US$ 150.00 million
Environmental Category
B
Environmental and Social Risk
N/A
Closing Date
June 30, 2021

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
October 2, 2023

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 - Climate change32%
- FY17 - Mitigation32%

FY17 - Finance

FY17 - Finance for Development5%
- FY17 - Disaster Risk Finance5%

FY17 - Private Sector Development

FY17 - Jobs15%
- FY17 - Job Creation15%

FY17 - Public Sector Management

FY17 - Rule of Law3%
- FY17 - Legal Institutions for a Market Economy3%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management15%
- FY17 - Disaster Preparedness5%
- FY17 - Disaster Response and Recovery5%
- FY17 - Disaster Risk Reduction5%
FY17 - Rural Development15%
- FY17 - Rural Infrastructure and service delivery15%
FY17 - Urban Development15%
- FY17 - Urban Infrastructure and Service Delivery15%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	51.30
International Bank for Reconstruction and Development	150.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	150.00
IDA Commitment	N/A
IBRD + IDA Commitment	150.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	201.30

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 3, 2020	IBRD-84290	Loan Disb	1,008,468.20
Mar 18, 2021	IBRD-84290	Loan Disb	330,814.72
May 15, 2021	IBRD-84290	Int Charges	112.05
May 15, 2021	IBRD-84290	Int Charges	132,988.95
Nov 15, 2020	IBRD-84290	Int Charges	41.91
Nov 15, 2020	IBRD-84290	Int Charges	279,227.75
Apr 19, 2017	IBRD-84290	Loan Disb	131,383.89
Apr 5, 2017	IBRD-84290	Loan Disb	416,778.40
Jul 11, 2017	IBRD-84290	Loan Disb	207,922.77
Nov 13, 2017	IBRD-84290	Loan Disb	184,905.12
Nov 13, 2017	IBRD-84290	Loan Disb	1,747,552.10
Nov 10, 2017	IBRD-84290	Loan Disb	618,845.20
Nov 28, 2017	IBRD-84290	Loan Disb	383,465.06
Aug 10, 2017	IBRD-84290	Loan Disb	218,483.94
Aug 15, 2017	IBRD-84290	Loan Disb	414,423.70
Jul 26, 2017	IBRD-84290	Loan Disb	291,037.00
Aug 15, 2017	IBRD-84290	Loan Disb	278,334.00
Aug 2, 2017	IBRD-84290	Loan Disb	238,561.60
Nov 30, 2017	IBRD-84290	Loan Disb	2,757,290.80
Aug 4, 2017	IBRD-84290	Loan Disb	299,750.97
Nov 30, 2017	IBRD-84290	Loan Disb	291,639.94
Aug 21, 2017	IBRD-84290	Loan Disb	527,084.60
Aug 21, 2017	IBRD-84290	Loan Disb	94,533.76
Jul 27, 2017	IBRD-84290	Loan Disb	287,019.06
Sep 11, 2017	IBRD-84290	Loan Disb	66,206.31
Oct 30, 2017	IBRD-84290	Loan Disb	2,242,410.00
Sep 11, 2017	IBRD-84290	Loan Disb	60,254.56
Oct 24, 2017	IBRD-84290	Loan Disb	2,184,444.80
Oct 23, 2017	IBRD-84290	Loan Disb	1,666,355.40
Oct 24, 2017	IBRD-84290	Loan Disb	3,498,845.50
Oct 20, 2017	IBRD-84290	Loan Disb	282,210.62
Oct 20, 2017	IBRD-84290	Loan Disb	814,883.20
Sep 20, 2017	IBRD-84290	Loan Disb	729,495.80
Nov 21, 2017	IBRD-84290	Loan Disb	175,830.00
Oct 3, 2017	IBRD-84290	Loan Disb	1,763,550.00
Jan 12, 2018	IBRD-84290	Loan Disb	206,116.50
Dec 11, 2017	IBRD-84290	Loan Disb	1,751,695.80
Dec 11, 2017	IBRD-84290	Loan Disb	1,892,996.20
Dec 11, 2017	IBRD-84290	Loan Disb	1,957,465.40
Sep 5, 2018	IBRD-84290	Loan Disb	457,177.16
Aug 23, 2018	IBRD-84290	Loan Disb	399,905.97
May 15, 2018	IBRD-84290	Int Charges	143,566.42
May 15, 2018	IBRD-84290	Int Charges	5,434.20
Nov 15, 2018	IBRD-84290	Int Charges	1,361.96
Nov 15, 2018	IBRD-84290	Int Charges	180,535.90
Nov 19, 2018	IBRD-84290	Loan Disb	510,172.12
Nov 15, 2018	IBRD-84290	Loan Disb	336,087.16
Dec 7, 2018	IBRD-84290	Loan Disb	672,753.25
Jan 10, 2019	IBRD-84290	Loan Disb	172,985.14
May 8, 2019	IBRD-84290	Loan Disb	489,346.80
May 15, 2019	IBRD-84290	Int Charges	699.35
May 15, 2019	IBRD-84290	Int Charges	196,499.25
Feb 19, 2019	IBRD-84290	Loan Disb	331,532.80
Dec 6, 2018	IBRD-84290	Loan Disb	924,204.44
Apr 25, 2019	IBRD-84290	Loan Disb	167,050.67
Nov 15, 2019	IBRD-84290	Int Charges	212,280.94
Sep 4, 2019	IBRD-84290	Loan Disb	322,136.88
Nov 15, 2019	IBRD-84290	Int Charges	100.25
Jul 18, 2019	IBRD-84290	Loan Disb	554,112.40
Nov 27, 2019	IBRD-84290	Loan Disb	310,157.88
Oct 24, 2019	IBRD-84290	Loan Disb	222,625.64
Oct 18, 2019	IBRD-84290	Loan Disb	1,079,770.00
Jan 27, 2020	IBRD-84290	Loan Disb	1,069,062.10
Feb 10, 2020	IBRD-84290	Loan Disb	174,589.48
Feb 27, 2020	IBRD-84290	Loan Disb	302,750.12
Jan 14, 2020	IBRD-84290	Loan Disb	256,068.66
May 14, 2020	IBRD-84290	Loan Cancel	19,049,408.00
May 15, 2020	IBRD-84290	Int Charges	540.16
May 15, 2020	IBRD-84290	Int Charges	172,864.25
May 6, 2020	IBRD-84290	Loan Disb	333,138.38
Oct 30, 2020	IBRD-84290	Loan Disb	367,999.28
Sep 8, 2020	IBRD-84290	Loan Disb	247,880.02
Sep 10, 2020	IBRD-84290	Loan Disb	340,239.00
Sep 10, 2020	IBRD-84290	Loan Disb	227,318.50
Jan 13, 2021	IBRD-84290	Loan Disb	697,848.80
Mar 3, 2021	IBRD-84290	Loan Disb	1,505,589.10
Jan 26, 2021	IBRD-84290	Loan Disb	206,406.69
Feb 1, 2021	IBRD-84290	Loan Disb	514,184.88
Nov 15, 2017	IBRD-84290	Int Charges	2,269.27
Nov 15, 2017	IBRD-84290	Int Charges	50,579.55
Nov 22, 2017	IBRD-84290	Loan Disb	4,916,265.00
Mar 2, 2018	IBRD-84290	Loan Disb	297,702.47
Jan 4, 2018	IBRD-84290	Loan Disb	144,210.52
Feb 27, 2018	IBRD-84290	Loan Disb	274,876.16
Dec 11, 2017	IBRD-84290	Loan Disb	2,370,236.00
Dec 11, 2017	IBRD-84290	Loan Disb	559,275.80
Feb 6, 2018	IBRD-84290	Loan Disb	1,950,077.40
Jan 2, 2018	IBRD-84290	Loan Disb	485,956.94
Feb 22, 2018	IBRD-84290	Loan Disb	519,281.16
Feb 5, 2018	IBRD-84290	Loan Disb	369,054.28
Mar 14, 2018	IBRD-84290	Loan Disb	1,096,883.40
Dec 21, 2017	IBRD-84290	Loan Disb	418,515.00
Apr 6, 2018	IBRD-84290	Loan Disb	364,835.03
Apr 9, 2018	IBRD-84290	Loan Disb	809,368.44
Dec 22, 2017	IBRD-84290	Loan Disb	280,738.34
Dec 8, 2017	IBRD-84290	Loan Disb	457,171.75
Apr 5, 2018	IBRD-84290	Loan Disb	365,699.62
May 17, 2018	IBRD-84290	Loan Disb	306,946.84
Jun 1, 2018	IBRD-84290	Loan Disb	403,335.70
Jun 1, 2018	IBRD-84290	Loan Disb	336,113.88
Jul 27, 2018	IBRD-84290	Loan Disb	2,060,338.90
Jun 11, 2018	IBRD-84290	Loan Disb	351,242.56
May 3, 2018	IBRD-84290	Loan Disb	3,436,198.80
Aug 10, 2018	IBRD-84290	Loan Disb	339,583.60
Sep 10, 2018	IBRD-84290	Loan Disb	554,042.25
Mar 23, 2015	IBRD-84290	Loan Disb	162,982.50
Jul 23, 2015	IBRD-84290	Loan Disb	66,224.61
May 15, 2015	IBRD-84290	Int Charges	909.95
Jan 30, 2015	IBRD-84290	Loan Disb	317,677.38
Jan 30, 2015	IBRD-84290	Fee Charges	317,677.38
Oct 29, 2015	IBRD-84290	Loan Disb	219,420.00
Nov 15, 2015	IBRD-84290	Int Charges	2,219.03
Nov 13, 2015	IBRD-84290	Loan Disb	5,394,750.00
Nov 15, 2015	IBRD-84290	Int Charges	233.50
Nov 4, 2015	IBRD-84290	Loan Disb	169,982.60
May 15, 2016	IBRD-84290	Int Charges	409.54
Jun 20, 2016	IBRD-84290	Loan Disb	217,997.25
Jun 16, 2021	IBRD-84290	Loan Disb	193,405.90
Jul 13, 2021	IBRD-84290	Loan Disb	210,372.30
Jul 27, 2021	IBRD-84290	Loan Disb	75,628.10
May 17, 2021	IBRD-84290	Loan Disb	121,725.83
Jun 10, 2021	IBRD-84290	Loan Disb	1,226,369.00
Nov 4, 2021	IBRD-84290	Loan Disb	22,605.17
Nov 4, 2021	IBRD-84290	Loan Disb	114,689.10
Nov 3, 2021	IBRD-84290	Loan Disb	177,725.42
Aug 5, 2021	IBRD-84290	Loan Disb	-50,740.36
Aug 5, 2021	IBRD-84290	Loan Disb	50,740.36
Aug 26, 2021	IBRD-84290	Loan Disb	120,840.84
Nov 15, 2021	IBRD-84290	Int Charges	153.36
Nov 15, 2021	IBRD-84290	Int Charges	123,461.77
Nov 15, 2021	IBRD-84290	Loan Repay	2,808,570.50
Oct 29, 2021	IBRD-84290	Loan Disb	-3,812,534.50
May 15, 2022	IBRD-84290	Int Charges	423.93
May 15, 2022	IBRD-84290	Int Charges	98,953.04
May 15, 2022	IBRD-84290	Loan Repay	2,443,006.50
May 13, 2022	IBRD-84290	Loan Disb	-3,470.99
May 13, 2022	IBRD-84290	Loan Cancel	22,377,122.00
Feb 24, 2022	IBRD-84290	Loan Disb	-27,348.37
Nov 15, 2022	IBRD-84290	Loan Repay	2,448,530.80
Nov 15, 2022	IBRD-84290	Int Charges	213,828.94
May 15, 2023	IBRD-84290	Int Charges	1,111,340.20
May 15, 2023	IBRD-84290	Loan Repay	2,558,470.00
Nov 15, 2023	IBRD-84290	Int Charges	1,559,821.20
Nov 15, 2023	IBRD-84290	Loan Repay	2,555,295.20
May 15, 2024	IBRD-84290	Int Charges	1,633,715.10
May 15, 2024	IBRD-84290	Loan Repay	2,545,653.50
Sep 29, 2014	IBRD-84290	Loan Commitment	150,000,000.00
May 8, 2018	IBRD-84290	Loan Disb	231,640.50
Aug 15, 2018	IBRD-84290	Loan Disb	279,279.66
Jul 31, 2018	IBRD-84290	Loan Disb	2,684,572.80
May 14, 2018	IBRD-84290	Loan Disb	341,713.66
May 23, 2018	IBRD-84290	Loan Disb	289,399.90
Sep 19, 2018	IBRD-84290	Loan Disb	870,181.70
Dec 27, 2016	IBRD-84290	Loan Disb	132,590.60
Dec 27, 2016	IBRD-84290	Loan Disb	415,926.20
Dec 27, 2016	IBRD-84290	Loan Disb	174,247.44
Dec 27, 2016	IBRD-84290	Loan Disb	279,884.75
Jan 10, 2017	IBRD-84290	Loan Disb	482,282.80
Nov 28, 2016	IBRD-84290	Loan Disb	215,583.27
Dec 6, 2016	IBRD-84290	Loan Disb	548,574.40
Dec 7, 2016	IBRD-84290	Loan Disb	195,568.16
May 15, 2016	IBRD-84290	Int Charges	26,489.80
Nov 15, 2016	IBRD-84290	Int Charges	21,792.19
Dec 1, 2016	IBRD-84290	Loan Disb	282,056.80
Dec 28, 2016	IBRD-84290	Loan Disb	393,022.20
Jan 5, 2017	IBRD-84290	Loan Disb	42,404.61
Dec 28, 2016	IBRD-84290	Loan Disb	42,304.06
Mar 30, 2017	IBRD-84290	Loan Disb	510,041.25
May 15, 2017	IBRD-84290	Int Charges	27,595.05
Mar 23, 2017	IBRD-84290	Loan Disb	657,302.75
Apr 13, 2017	IBRD-84290	Loan Disb	271,206.40
Jul 5, 2017	IBRD-84290	Loan Disb	1,073,504.60
May 3, 2017	IBRD-84290	Loan Disb	458,252.72
May 5, 2017	IBRD-84290	Loan Disb	412,365.44
Apr 26, 2017	IBRD-84290	Loan Disb	1,546,571.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2021-06-25
Overall Implementation Progress (IP)	Moderately Satisfactory	2021-06-25
Project Management	Moderately Satisfactory	2021-06-25
Monitoring and Evaluation	Satisfactory	2021-06-25
Counterpart Funding	Satisfactory	2021-06-25
Procurement	Moderately Satisfactory	2021-06-25
Financial Management	Moderately Satisfactory	2021-06-25

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-23-2021
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW:	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Electricity losses per year in the project area Value 45.00 22.65 20.00
Date July 3, 2014 November 10, 2020 November 29, 2019
Comment
Collection rate of distribution company Value 78.00 97.50 88.00
Date July 3, 2014 November 10, 2020
Comment
Capacity of medium-voltage network Value 0.00 80.00 80.00
Date July 3, 2014 November 10, 2020 November 29, 2019
Comment
Total amount of intercompany arrears Value 1200.00 1290.00 775.00
Date July 3, 2014 November 10, 2020
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Complementary Power Purchased Value 0 EUR 21.7 million
Date July 3, 2014 June 15, 2021
Comment
Implementation of a new billing and collection management system Value Existing billing system. The installation is completed and the system is op
Date July 3, 2014 June 15, 2021
Comment
Number of medium voltage customers in deregulated market Value 0.00 96.00 1000.00
Date July 3, 2014 June 15, 2021 November 29, 2019
Comment
Direct project beneficiaries Value 0.00 150000.00 50000.00
Date July 3, 2014 June 15, 2021
Comment
Number of OST meters installed Value 0.00 1704.00 2328.00
Date July 3, 2014 June 15, 2021 November 29, 2019
Comment
Debt to Equity Ratio of OShEE (shown), KESh and OST Value 0.10 -0.29 0.00
Date July 3, 2014 June 15, 2021
Comment
OShEE monthly revenues used to pay for energy purchases to KESh and transmission fees to OST Value 40.00 100.00 85.00
Date July 3, 2014 June 15, 2021
Comment
Female beneficiaries Value 0.00 50.00 52.00
Date July 3, 2014 May 31, 2018
Comment
Impact of citizen engagement on project activities reported and disseminated (Yes/No) Value No Yes
Date November 1, 2019 June 15, 2021
Comment

Technical assistance initiated to support power sector reform	Value	No	TA to update the Financial Recovery Plan provided.	TA to update the Financial Recovery Plan provided
	Date	July 3, 2014	June 15, 2021	November 29, 2019
	Comment

Electricity losses per year in the project area	Value	45.00	22.65	20.00
	Date	July 3, 2014	November 10, 2020	November 29, 2019
	Comment

Collection rate of distribution company	Value	78.00	97.50	88.00
	Date	July 3, 2014	November 10, 2020
	Comment

Capacity of medium-voltage network	Value	0.00	80.00	80.00
	Date	July 3, 2014	November 10, 2020	November 29, 2019
	Comment

Total amount of intercompany arrears	Value	1200.00	1290.00	775.00
	Date	July 3, 2014	November 10, 2020
	Comment

Complementary Power Purchased	Value	0	EUR 21.7 million
	Date	July 3, 2014	June 15, 2021
	Comment

Implementation of a new billing and collection management system	Value	Existing billing system.	The installation is completed and the system is op
	Date	July 3, 2014	June 15, 2021
	Comment

Direct project beneficiaries	Value	0.00	150000.00	50000.00
	Date	July 3, 2014	June 15, 2021
	Comment

Number of OST meters installed	Value	0.00	1704.00	2328.00
	Date	July 3, 2014	June 15, 2021	November 29, 2019
	Comment

Debt to Equity Ratio of OShEE (shown), KESh and OST	Value	0.10	-0.29	0.00
	Date	July 3, 2014	June 15, 2021
	Comment

OShEE monthly revenues used to pay for energy purchases to KESh and transmission fees to OST	Value	40.00	100.00	85.00
	Date	July 3, 2014	June 15, 2021
	Comment

Female beneficiaries	Value	0.00	50.00	52.00
	Date	July 3, 2014	May 31, 2018
	Comment