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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...

* 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

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

Key Details

Project Details

  • P176731

  • Active

  • Yun Wu , Abdulhakim Abdisubhan, Aalok Pandey

  • Federal Democratic Republic of Ethiopia

  • Ethiopia

  • August 15, 2023

  • (as of board presentation)

    March 26, 2024

  • June 19, 2024

  • US$ 537.00 million

  • Ethiopia Electric Power,Ethiopia Electric Utility

  • Eastern and Southern Africa

  • 2024

  • US$ 372.63 million

  • N/A

  • High

  • August 30, 2030

  • No

  • BANK APPROVED

  • June 16, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 372.63
Sub-borrower(s) 79.70

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 372.63
IBRD + IDA Commitment 372.63
Lending Instrument
Grant Amount N/A
Total Project Cost** 537.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 26, 2024 IDA-75200 Loan Commitment 522,630,016.00
May 27, 2024 IDA-75200 Loan Cancel 149,264,096.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Project Management Satisfactory 2024-11-15
Procurement Moderately Satisfactory 2024-11-15
Financial Management Moderately Satisfactory 2024-11-15
Progress towards achievement of PDO Satisfactory 2024-11-15
Monitoring and Evaluation Satisfactory 2024-11-15
Overall Implementation Progress (IP) Satisfactory 2024-11-15

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.