Where the impacts of the investment may be experienced.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
- Asian Development Bank (ADB)
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower or Client: Government of Timor Leste
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
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Multitranche Financing Facility - Electricity System Strengthening and Sustainability Program
The proposed investment program will finance targeted investments, consistent with the Government of Timor-Leste's priorities and the objectives of the country partnership strategy. The Government of Timor-Leste has indicated its intention to attract a suitably qualified and experienced utility operator to assume management responsibility for EDTL under a public-private partnership (PPP) arrangement ; likely a lease or concession arrangement, but similar in essence to a performance-based management contract. The accompanying parallel technical assistance to be provided and managed by ADB's Office of Public-Private Partnerships (OPPP) will support the government's objective of leveraging private-sector innovation and capacity to improve EDTL's commercial performance and further reduce costs.
A Multitranche Financing Facility (MFF) is proposed. The use of the MFF modality is considered appropriate, as: (i) the proposed facility will support a sequenced program of investment in distribution assets and systems, and investment in generation assets to reduce Timor-Leste's reliance on diesel fuel; (ii) the project supports Timor-Leste's Strategic Development Plan 2011-2030; and (iii) due to capacity constraints, the investments must be sequenced to focus on priority investments in distribution assets and systems and then on generation investments.
Reduced constraints on economic growth
Improved level of service and fiscal performance of EDTL
- Asian Development Bank (ADB)
Ministry of Public Works, Transport and Communications (formerly Ministry of Public Works)
Avenida dos martires da Patria
Mandarin, Dili, Timor-Leste
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main