| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 225.00 |
Distribution Efficiency Improvement and Utility Strengthening Project
Abstract*
The Dominican Republic (DR) has experienced sustained economic growth and notable poverty reduction records. Poverty impacts from the COVID-19 crisis were deftly managed thanks to robust fiscal and monetary policy responses, although persisting inflation presents risks for the vulnerable population. Meanwhile, the DR is highly vulnerable to climate change, with exposure to multiple natural hazards. The GoDR has committed to reducing GHG emissions... Show More
Development Objective
The project development objective is to improve the governance and financial and environmental sustainability of the electricity distribution companies in the Dominican Republic.
Key Details
Project Details
P180512
Active
Huong Nguyen
Dominican Republic
March 16, 2023
(as of board presentation)
December 13, 2023
N/A
US$ 225.00 million
Electricity Distribution Company for the North (Empresa Distribuidora de Electridad del Norte),Electricity Distribution Company for the East (Empresa Distribuidora de Electridad del Este),Electricity Distribution Company for the South (Empresa Distribuidora de Electricidad del Sur)
2024
US$ 225.00 million
N/A
May 28, 2024
November 2, 2028
TBD
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 225.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 225.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 225.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Dec 13, 2023 | IBRD-96240 | Loan Commitment | 225,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Satisfactory | 2024-11-25 |
| Procurement | Satisfactory | 2024-11-25 |
| Progress towards achievement of PDO | Satisfactory | 2024-11-25 |
| Financial Management | Satisfactory | 2024-11-25 |
| Monitoring and Evaluation | Satisfactory | 2024-11-25 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-11-25 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Cash Recovery Index in the supported distribution circuits Value 39.40 39.40 84.60 Date December 30, 2022 May 13, 2024 November 2, 2028 Comment Implementation by each EDE of the Action Plan to improve financial management procedures and processes Value 0.00 0.00 1.00 Date December 30, 2022 May 13, 2024 November 2, 2028 Comment Estimated reduction of cumulative GHG emission in electricity distribution compared to a business-as-usual baseline Value 0.00 0.00 1161196.00 Date December 30, 2022 May 13, 2024 November 2, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Action plan to improve financial management procedures and processed identified in the 2020 EDE audit Value 0.00 0.00 1.00 Date September 9, 2023 May 13, 2024 November 2, 2028 Comment Commercial management system modernized Value 0.00 0.00 1.00 Date August 16, 2023 May 13, 2024 November 2, 2028 Comment Rehabilitated distribution lines in the Project areas Value 0.00 0.00 1342.00 Date August 16, 2023 May 13, 2024 November 2, 2028 Comment Metering Data Management system implemented Value 0.00 0.00 1.00 Date August 16, 2023 March 13, 2024 November 2, 2028 Comment Number of installed totalizers (micro-meters) Value 0.00 0.00 10828.00 Date August 16, 2023 May 13, 2024 November 2, 2028 Comment CUED resolutions defining the key performance indicators and required funds to meet the targets defined for the three EDEs Value No KPIs defined and resources provided to meet the No KPIs defined and resources provided to meet the CUED resolution containing 2027 targets for energy Date August 16, 2023 May 13, 2024 December 31, 2026 Comment Number of regularized clients Value 0.00 0.00 225826.00 Date August 16, 2023 May 13, 2024 November 2, 2028 Comment CUED resolutions outling the recruitment procedures for the competitive selection of senior management of the EDEs using terms of reference consistent with meritocratic criteria Value Not all senior management of the three EDEs were c Not all senior management of the three EDEs were c CUED resolution outlining the competitive selectio Date August 16, 2023 May 13, 2024 November 2, 2028 Comment Energy losses in the the Project areas Value 56.00 56.00 12.50 Date August 16, 2023 May 13, 2024 November 2, 2028 Comment Signed Social Pacts Value 0.00 0.00 30.00 Date August 16, 2023 May 13, 2024 November 2, 2028 Comment Participation of women as leaders in communities with signed Social Pacts Value 33.00 33.00 45.00 Date August 16, 2023 May 13, 2024 November 2, 2028 Comment Number of female staff in leadership roles in the EDEs Value 24.00 24.00 35.00 Date August 16, 2023 May 13, 2024 November 2, 2028 Comment Number of beneficiaries Value 0.00 0.00 812973.00 Date August 16, 2023 May 13, 2024 November 2, 2028 Comment