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Lesson
The project highlighted the importance of safeguarding the nation’s wealth fund (State Oil Fund of the Republic of Azerbaijan or SOFAZ) to ensure that social programs and development priorities are sustained. In times when the nation’s wealth fund can be compromised due to external factors, exploring and pursuing viable funding options to meet the government’s financial obligations can ease pressures on the use of the fund other than its intended purposes.

Project Number: 49451-002
Project Name: Shah Deniz Gas Field Expansion Project
Report Date:
Lesson
Design and monitoring framework (DMF) indicators that are specific and clear facilitate better assessment of project achievements. Targets that are achievable within the project timeline contributes to the quality of the project design and monitoring.

Project Number: 49451-002
Project Name: Shah Deniz Gas Field Expansion Project
Report Date:
Lesson
Mobilizing local project management expertise can be beneficial. The modification of the project management consulting contract to increase the inputs of national staff proved beneficial. Local and national staff who work closely with experienced international consultants as part of a team of a competitively selected consulting firm have the opportunity to acquire skills and hone them. This is good and in line with ADB's capacity development objectives in developing member countries.

Project Number: 42401-014
Project Name: Power Distribution Enhancement Investment Program (Multitranche Financing Facility)
Report Date:
Lesson
A rational tariff policy is essential for improving the financial viability of a distribution utility. Two tariff revisions (in 2016 and 2021) helped improve the financial viability of Azerishiq's distribution-strengthening projects. Although the upgrade of distribution systems is still not fully financially viable, an improving financial internal rate of return (into positive territory) illustrates the benefits of lifting tariffs toward full cost recovery.

Project Number: 42401-014
Project Name: Power Distribution Enhancement Investment Program (Multitranche Financing Facility)
Report Date:
Lesson
The Shah Deniz Gas Field Expansion Project is transformational. It has expanded the development of one of the largest gas fields in the world, which will help (i) more than double gas production from the field; and (ii) increase the country’s gas production by 67% during the same period. This will help strengthen the Azerbaijani economy and create more fiscal space for economic diversification.

Project Number: 49451-002
Project Name: Shah Deniz Gas Field Expansion Project
Report Date:
Lesson
The partial credit guarantee (PCG) modality was a good choice for this transaction. It enabled ADB sovereign operations to come as close as possible to enabling the IA to obtain commercial financing for a commercially viable project in a country with a below-investment-grade rating. With a One ADB approach, it showed the way to achieve close and collaborative work between ADB’s sovereign and nonsovereign departments. Its 95% cover was important because it facilitated the raising of commercial finance.

Project Number: 49451-002
Project Name: Shah Deniz Gas Field Expansion Project
Report Date:
Lesson
ADB played an important role in country risk mitigation. ADB’s partial credit guarantee (PCG) to the Southern Gas Corridor Closed Joint-Stock Company (SGC) made possible SGC’s access to necessary private sector refinancing to meet its financial commitments to Shah Deniz Stage II (SD2) and the midstream pipelines. This reduced government dependence on the country’s dwindling oil and gas revenues held by the State Oil Fund of the Republic of Azerbaijan (SOFAZ) to meet expenditure obligations.

Project Number: 49451-002
Project Name: Shah Deniz Gas Field Expansion Project
Report Date:
Lesson
To achieve higher quality and improved technology, it is crucial that the design, technical specifications, and construction standards are based on national and international best practice.

Project Number: 42401-015
Project Name: Power Distribution Enhancement Investment Program - Tranche 1
Report Date:
Lesson
The restricted stance on public external borrowing led to deferral of MFF’s tranches 2 and 3 that was not present at the time of appraisal. If possible, the locations and routes of the project components for these tranches should be identified upfront and thoroughly analyzed for potential construction and safeguard impacts.

Project Number: 42401-015
Project Name: Power Distribution Enhancement Investment Program - Tranche 1
Report Date:
Lesson
In MFFs, subsequent tranches should be processed and implemented to overlap with tranche 1 to maintain implementation momentum and achieve maximum benefits. The program’s tranches 2 and 3 were supposed to be approved in November 2017 and March 2018, respectively.

Project Number: 42401-015
Project Name: Power Distribution Enhancement Investment Program - Tranche 1
Report Date:
Lesson
The project management units for subsequent tranches should be more proactive in using the project management and supervision consultant for the capacity development of the operational staff on new technology and standards.

Project Number: 42401-015
Project Name: Power Distribution Enhancement Investment Program - Tranche 1
Report Date:
Lesson
In addition, contractors are encouraged to improvise where possible and introduce new technology standards. Subsequent tranches should also build upon lessons learnt and issues identified in the technical specifications for the initial tranche.

Project Number: 42401-015
Project Name: Power Distribution Enhancement Investment Program - Tranche 1
Report Date:
Lesson
Gender targets for training are based on actual data on the organization’s employee composition and should aim to increase participation of underrepresented groups. To increase the value of the training activities, gender targets can be designed such that the (i) organization’s current employee composition and (ii) steps to increase the exposure, awareness, and participation of underrepresented groups are taken into account, while ensuring the delivery of the training program to the appropriate people who are currently performing the critical tasks.

Project Number: 50318-001
Project Name: Fostering the Development of Renewable Energy
Report Date:
Lesson
KEGOC has plans to procure additional PowerFactory licenses in 2020 using its own resources.

Project Number: 50318-001
Project Name: Fostering the Development of Renewable Energy
Report Date:
Lesson
Besides ADB and the consultant/contractor, the only TA stakeholders were the Ministry of Energy and KEGOC.

Project Number: 50318-001
Project Name: Fostering the Development of Renewable Energy
Report Date: