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Lesson
Need for an in-depth examination of GSE’s financial performance to ensure that the risk of large investments in the 400 kV and 500 kV transmission system can be managed. Also, consideration must be given to include in contracts the benefits from power transit and their associated market risks in neighboring countries and investment. This is in view of GSE being unable to manage the risk if the revenue from power transit is linked only to the power flow (footnote 15).

Project Number: 44183-013
Project Name: Regional Power Transmission Enhancement Project
Report Date:
Lesson
The need to study the structure of the regional power market and hold discussions with the related agencies on introducing measures to increase the price of excess hydropower generation during summer months. This could, for example, be undertaken by a market supervisor or regulator who checks market power.

Project Number: 44183-013
Project Name: Regional Power Transmission Enhancement Project
Report Date:
Lesson
A lack of assessment and monitoring of contingent liabilities causing fiscal risk and limited coverage of public financial management affecting expenditure and fiscal consolidation was an additional risk identified for subprograms 2 and 3.

Project Number: 48044-001, 48044-004, 48044-005
Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program
Report Date:
Lesson
The DMF was reasonably well-designed and the performance indicators—with the exception of the initial program impact indicators—targets, and baseline data were precise and generally easily measurable. However, the PCR assessed the program against the DMF prepared for subprogram 3, which, like subprogram 2 had no indicators to measure impact, although these were included for subprogram 1.

Project Number: 48044-001, 48044-004, 48044-005
Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program
Report Date:
Lesson
Continuing TA support is required to ensure the sustainability of the program, especially to enhance domestic savings (output 3), and the increased mobilization of private resources focused on mobilizing private savings (output 4). Private savings through pensions and a more developed capital market will mobilize long-term finance. These reforms, however, are long-term in nature involving legislative changes and institutional strengthening.

Project Number: 48044-001, 48044-004, 48044-005
Project Name: Improving Domestic Resource Mobilization for Inclusive Growth Program
Report Date:
Lesson
Adoption of new technologies has to be accompanied by adequate operation and maintenance (O&M) capacity.

Project Number: 44183-013
Project Name: Regional Power Transmission Enhancement Project
Report Date:
Lesson
Contingencies to cushion projects from the negative effects of currency exchange fluctuations need to be incorporated in the cost estimates.

Project Number: 44183-013
Project Name: Regional Power Transmission Enhancement Project
Report Date:
Lesson
ADB needs to ensure that newly engaged executing agencies sufficiently understand its procurement, safeguards, and project administration guidelines and procedures.

Project Number: 44183-013
Project Name: Regional Power Transmission Enhancement Project
Report Date: