Power Sector Reform, Investment and Modernization in Ethiopia (PRIME-1)

Abstract*

The Power Sector Reform, Investment and Modernization in Ethiopia (PRIME) MPA program will support a medium-term transition of the electricity sector towards universal access, reliable supply, utility financial sustainability, increased private investments, and a climate resilient diversified generation mix. This transition will be underpinned by structural reforms that will encompass a gradual segregation of the competitive segments of the sector... Show More

Development Objective

To strengthen and extend the electricity network and enable renewable energy generation.

Key Details

Project Details

Project ID
P176731
Status
Active
Team Leader
Yun Wu , Abdulhakim Abdisubhan, Aalok Pandey
Borrower 2
Federal Democratic Republic of Ethiopia

Country
Ethiopia
Disclosure Date
August 15, 2023
Approval Date
(as of board presentation)
March 26, 2024
Effective Date
June 19, 2024

Total Project Cost 1
US$ 537.00 million
Implementing Agency
Ethiopia Electric Power,Ethiopia Electric Utility
Region
Eastern and Southern Africa
Fiscal Year 3
2024

Commitment Amount
US$ 372.63 million
Environmental Category
N/A
Last Update Date
June 16, 2023
Closing Date
August 30, 2030

Consultant Services required
No
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 - Environment and Natural Resource Management

FY17 - Climate change96%
- FY17 - Adaptation3%
- FY17 - Mitigation93%
FY17 - Energy100%
- FY17 - Access to Energy65%
- FY17 - Energy Efficiency44%
- FY17 - Energy Policies & Reform71%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management34%
- FY17 - Flood and Drought Risk Management34%

Project Map

Interactive Map