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Electricity Transmission Network Improvement Project

Abstract*

The project development objectives for the Electricity Transmission Network Improvement Project for Armenia are to improve the reliability of the power transmission network and system management, and support the Borrower's efforts in ensuring adequate electricity supply. The project is broken up into the following three components: (a) strengthening of the power transmission network; (b) improvement of the power system management; and (c) preparation...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The proposed project development objective (PDO) is to improve the reliability of the power transmission network.

Key Details

Project Details

  • P146199

  • Closed

  • Gor Khachatryan , Claudio Protano

  • Republic of Armenia

  • Armenia

  • December 8, 2014

  • (as of board presentation)

    March 30, 2015

  • September 21, 2015

  • US$ 64.86 million

  • Yerevan Thermal Power Plant,High Voltage Electric Networks

  • Europe and Central Asia

  • 2015

  • US$ 52.00 million

  • B

  • February 27, 2024

  • December 31, 2024

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 52.00
Borrower/Recipient 12.86

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 52.00
IDA Commitment N/A
IBRD + IDA Commitment 52.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 64.86

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

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

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Nov 15, 2016 IBRD-84950 Int Charges 6,914.36
Dec 28, 2016 IBRD-84950 Loan Disb 277,200.30
Dec 28, 2016 IBRD-84950 Loan Disb 516,572.47
May 15, 2017 IBRD-84950 Int Charges 114.21
Dec 23, 2016 IBRD-84950 Loan Disb 63,000.00
Dec 21, 2016 IBRD-84950 Loan Disb 805,584.75
Dec 21, 2016 IBRD-84950 Loan Disb 978,627.70
Aug 10, 2016 IBRD-84950 Loan Disb 1,300.00
Dec 21, 2016 IBRD-84950 Loan Disb 30,140.16
Oct 14, 2016 IBRD-84950 Loan Disb 30,000.00
Mar 22, 2016 IBRD-84950 Loan Disb 2,300.00
Sep 16, 2016 IBRD-84950 Loan Disb 116,000.00
Jul 18, 2016 IBRD-84950 Loan Disb 1,100.00
Nov 15, 2016 IBRD-84950 Loan Disb 1,600.00
Dec 27, 2016 IBRD-84950 Loan Disb 120,834.29
Oct 24, 2016 IBRD-84950 Loan Disb 400,000.00
Sep 14, 2016 IBRD-84950 Loan Disb 900.00
Jun 15, 2016 IBRD-84950 Loan Disb 1,100.00
May 20, 2016 IBRD-84950 Loan Disb 1,200.00
May 15, 2016 IBRD-84950 Int Charges 57,293.52
May 15, 2016 IBRD-84950 Int Charges 246.28
May 15, 2016 IBRD-84950 Int Charges 64,527.78
May 15, 2016 IBRD-84950 Int Charges 952.98
Sep 21, 2015 IBRD-84950 Loan Disb 130,000.00
Sep 21, 2015 IBRD-84950 Fee Charges 130,000.00
Jul 14, 2022 IBRD-84950 Loan Disb 4,900.00
Jul 13, 2020 IBRD-84950 Loan Disb 31,000.00
Dec 3, 2020 IBRD-84950 Loan Disb 24,000.00
Nov 15, 2020 IBRD-84950 Int Charges 19,963.67
Nov 15, 2020 IBRD-84950 Int Charges 203,044.47
Mar 24, 2021 IBRD-84950 Loan Disb 9,000.00
May 15, 2021 IBRD-84950 Int Charges 232.36
Nov 15, 2020 IBRD-84950 Int Charges 0.30
Nov 15, 2020 IBRD-84950 Int Charges 3.26
May 15, 2021 IBRD-84950 Int Charges 1,345.66
May 15, 2021 IBRD-84950 Int Charges 19,038.44
May 15, 2021 IBRD-84950 Int Charges 153,891.67
May 15, 2020 IBRD-84950 Int Charges 22,585.86
May 15, 2020 IBRD-84950 Int Charges 348,578.78
Sep 25, 2020 IBRD-84950 Loan Disb 667,000.00
Mar 9, 2020 IBRD-84950 Loan Disb 5,000.00
Dec 9, 2019 IBRD-84950 Loan Disb 242,000.00
Dec 19, 2019 IBRD-84950 Loan Cancel 10,642,897.00
Dec 2, 2019 IBRD-84950 Loan Disb -227,903.28
May 11, 2020 IBRD-84950 Loan Disb 11,000.00
Feb 25, 2020 IBRD-84950 Loan Disb 86,000.00
Dec 19, 2018 IBRD-84950 Loan Disb 1,366,500.00
Dec 21, 2018 IBRD-84950 Loan Disb 194,000.00
Dec 21, 2018 IBRD-84950 Loan Disb 1,567,470.20
May 15, 2019 IBRD-84950 Int Charges 720.76
May 15, 2019 IBRD-84950 Int Charges 34,900.76
May 15, 2019 IBRD-84950 Int Charges 432,589.12
May 15, 2019 IBRD-84950 Int Charges 54.80
May 31, 2019 IBRD-84950 Loan Disb 96,000.00
Jul 26, 2019 IBRD-84950 Loan Disb 121,000.00
Apr 19, 2016 IBRD-84950 Loan Disb 1,150.00
Nov 15, 2019 IBRD-84950 Int Charges 33,907.39
Nov 15, 2019 IBRD-84950 Int Charges 432,946.20
Dec 20, 2017 IBRD-84950 Loan Disb 1,400,000.00
Apr 9, 2018 IBRD-84950 Loan Disb 1,200,000.00
May 31, 2018 IBRD-84950 Loan Disb 1,350,000.00
Jun 1, 2018 IBRD-84950 Loan Disb 435,000.00
May 15, 2018 IBRD-84950 Loan Disb 100,000.00
Jun 19, 2018 IBRD-84950 Loan Disb 1,665,000.00
May 15, 2018 IBRD-84950 Int Charges 1,167.00
May 15, 2018 IBRD-84950 Int Charges 52,867.35
May 15, 2018 IBRD-84950 Int Charges 114,001.97
May 15, 2018 IBRD-84950 Int Charges 134.23
Nov 10, 2016 IBRD-84950 Loan Cancel 1,500,000.00
Aug 16, 2018 IBRD-84950 Loan Disb 220,000.00
Dec 20, 2018 IBRD-84950 Loan Disb 1,657,855.10
Nov 15, 2018 IBRD-84950 Int Charges 703.02
Nov 15, 2018 IBRD-84950 Int Charges 6,652.86
Nov 15, 2018 IBRD-84950 Int Charges 38,003.82
Nov 15, 2018 IBRD-84950 Int Charges 282,026.12
Dec 14, 2018 IBRD-84950 Loan Disb 988,000.00
May 15, 2023 IBRD-84950 Int Charges 0.48
Nov 15, 2023 IBRD-84950 Int Charges 0.41
Nov 15, 2023 IBRD-84950 Int Charges 16,485.41
Nov 15, 2023 IBRD-84950 Int Charges 15,055.53
Nov 15, 2023 IBRD-84950 Int Charges 910,053.70
Aug 21, 2023 IBRD-84950 Loan Disb -287,880.88
Dec 28, 2023 IBRD-84950 Loan Disb 2,157,110.00
Dec 21, 2023 IBRD-84950 Loan Disb 48,010.00
Feb 15, 2022 IBRD-84950 Loan Disb 1,960.00
Dec 27, 2021 IBRD-84950 Loan Disb 235,200.00
Aug 30, 2022 IBRD-84950 Loan Disb 2,000.00
Dec 23, 2022 IBRD-84950 Loan Disb 1,920.00
Oct 17, 2022 IBRD-84950 Loan Disb 2,400.00
Nov 15, 2022 IBRD-84950 Int Charges 2.37
Nov 15, 2022 IBRD-84950 Int Charges 15,708.26
Nov 15, 2022 IBRD-84950 Int Charges 478,353.66
Nov 15, 2022 IBRD-84950 Int Charges 0.55
Dec 16, 2022 IBRD-84950 Loan Disb 92,500.00
Dec 9, 2022 IBRD-84950 Loan Disb 7,500.00
Apr 17, 2023 IBRD-84950 Loan Disb 1,000.00
Jan 31, 2023 IBRD-84950 Loan Disb 4,120.00
Apr 27, 2023 IBRD-84950 Loan Disb 1,800.00
Mar 9, 2023 IBRD-84950 Loan Disb 788.00
Jul 12, 2021 IBRD-84950 Loan Disb 12,000.00
Nov 15, 2021 IBRD-84950 Int Charges 152,810.02
Nov 15, 2021 IBRD-84950 Int Charges 3.20
Sep 29, 2021 IBRD-84950 Loan Disb 2,627,797.00
Nov 15, 2021 IBRD-84950 Int Charges 13.07
Nov 15, 2021 IBRD-84950 Int Charges 18,500.38
Aug 29, 2016 IBRD-84950 Loan Disb 1,469,095.60
May 15, 2022 IBRD-84950 Int Charges 3,339.56
May 15, 2022 IBRD-84950 Int Charges 15,540.64
May 15, 2022 IBRD-84950 Int Charges 173,079.20
May 15, 2022 IBRD-84950 Int Charges 845.93
Mar 11, 2022 IBRD-84950 Loan Disb 1,350.00
Apr 26, 2022 IBRD-84950 Loan Disb 1,800.00
Mar 31, 2022 IBRD-84950 Loan Disb 1,090.00
Jun 21, 2022 IBRD-84950 Loan Disb 9,800.00
Dec 6, 2021 IBRD-84950 Loan Disb 1,380.00
Mar 21, 2018 IBRD-84950 Loan Disb 807,000.00
Aug 1, 2017 IBRD-84950 Loan Disb 245,000.00
May 15, 2017 IBRD-84950 Int Charges 712.50
May 15, 2017 IBRD-84950 Int Charges 59,020.88
May 15, 2017 IBRD-84950 Int Charges 47,536.06
Jun 29, 2017 IBRD-84950 Loan Disb 5,700.00
Nov 15, 2016 IBRD-84950 Int Charges 1.05
Nov 15, 2016 IBRD-84950 Int Charges 5.16
Nov 15, 2016 IBRD-84950 Int Charges 64,285.79
Sep 26, 2018 IBRD-84950 Loan Disb 114,000.00
Nov 13, 2018 IBRD-84950 Loan Disb 1,150,000.00
Nov 21, 2017 IBRD-84950 Loan Disb 400,000.00
Sep 27, 2017 IBRD-84950 Loan Disb 400,000.00
Nov 15, 2017 IBRD-84950 Int Charges 58,981.23
Nov 15, 2017 IBRD-84950 Int Charges 62,215.69
Feb 14, 2018 IBRD-84950 Loan Disb 709,916.50
Apr 12, 2018 IBRD-84950 Loan Disb 67,000.00
Mar 5, 2018 IBRD-84950 Loan Disb 1,000,000.00
Dec 4, 2017 IBRD-84950 Loan Disb 141,890.58
Mar 26, 2018 IBRD-84950 Loan Disb 256,884.53
Dec 21, 2017 IBRD-84950 Loan Disb 955,000.00
Mar 2, 2018 IBRD-84950 Loan Disb 90,000.00
Mar 30, 2015 IBRD-84950 Loan Commitment 52,000,000.00
Jul 19, 2024 IBRD-84950 Loan Disb 1,700.00
May 1, 2024 IBRD-84950 Loan Disb 1,935.00
Feb 29, 2024 IBRD-84950 Loan Disb 399,400.00
Aug 21, 2024 IBRD-84950 Loan Disb 2,150.00
Feb 16, 2024 IBRD-84950 Loan Disb 56,830.00
Mar 27, 2024 IBRD-84950 Loan Disb 1,825.00
May 28, 2024 IBRD-84950 Loan Disb 2,030.00
May 15, 2024 IBRD-84950 Int Charges 168.88
May 15, 2024 IBRD-84950 Int Charges 1,067.92
May 15, 2024 IBRD-84950 Int Charges 12,355.90
May 15, 2024 IBRD-84950 Int Charges 1,027,270.80
Jun 25, 2024 IBRD-84950 Loan Disb 695,650.00
Jun 12, 2024 IBRD-84950 Loan Disb 1,400,000.00
Sep 13, 2023 IBRD-84950 Loan Disb 2,250.00
Jul 25, 2023 IBRD-84950 Loan Disb 287,880.88
Jul 25, 2023 IBRD-84950 Loan Disb 8,200.00
Jun 16, 2023 IBRD-84950 Loan Disb 2,400.00
Sep 22, 2023 IBRD-84950 Loan Disb 1,900.00
Jun 27, 2023 IBRD-84950 Loan Disb 281,100.00
Nov 29, 2023 IBRD-84950 Loan Disb 258,200.00
May 24, 2023 IBRD-84950 Loan Disb 1,630.00
May 15, 2023 IBRD-84950 Int Charges 38,434.47
May 15, 2023 IBRD-84950 Int Charges 15,335.10
May 15, 2023 IBRD-84950 Int Charges 752,116.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Financial Management Satisfactory 2024-11-11
Monitoring and Evaluation Satisfactory 2024-11-11
Procurement Satisfactory 2024-11-11
Project Management Satisfactory 2024-11-11
Overall Implementation Progress (IP) Moderately Satisfactory 2024-11-11
Progress towards achievement of PDO Moderately Satisfactory 2024-11-11

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Equipment failures per year in target substationsValue10.003.002.00
    DateDecember 30, 2014September 30, 2023December 31, 2024
    Comment
  • Average interruption frequency per year in the project areaValue0.110.440.09
    DateDecember 30, 2013December 31, 2022December 31, 2024
    Comment
  • Customers served in the project areaValue1040000.001020789.001040000.00
    DateDecember 30, 2013December 31, 2019
    Comment
  • Direct project beneficiariesValue2984000.002979200.002993000.00
    DateDecember 30, 2014December 31, 2022December 31, 2024
    Comment
  • Female beneficiariesValue48.6053.0048.60
    DateDecember 30, 2014December 31, 2019
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Total number of substations rehabilitated under the projectValue0.002.003.00
    DateDecember 30, 2014September 30, 2023December 31, 2024
    Comment
  • Percent of registered project related grievances (disaggregated by gender) responded to within stipulated service standards for response timesValue0.00100.00100.00
    DateDecember 30, 2014September 30, 2023December 31, 2024
    Comment