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Displaying 61 - 75 of 83

Lesson
Executing agency (EA) engagement and accountability are critical to program/project success.

Project Number: 42408-013, 42408-043
Project Name: MFF - Water Supply and Sanitation Investment Program (Facility Concept)
Report Date:
Lesson
Weak assessment of local conditions and definition of administrative areas adversely affect technical designs and project feasibility.

Project Number: 42408-013, 42408-043
Project Name: MFF - Water Supply and Sanitation Investment Program (Facility Concept)
Report Date:
Lesson
Tariff adjustments to ensure the sustainability of water supply and sanitation services (WSS) needs to be holistically pursued in Azerbaijan.

Project Number: 42408-013, 42408-043
Project Name: MFF - Water Supply and Sanitation Investment Program (Facility Concept)
Report Date:
Lesson
Government ownership is critical to the success of countercyclical reform programs/projects.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
Constant dialogue and interaction develop strong partnerships and facilitate consensus on the design and implementation of crisis response, reform programs/projects.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
Focusing ADB’s countercyclical support facility (CSF) on urgent macroeconomic reforms is essential to enabling developing member countries to immediately overcome crisis situations.

Project Number: 50145-001
Project Name: Countercyclical Support Facility Program
Report Date:
Lesson
The project was fortunate that some of the required information (i.e., reduction of system losses) were available. Otherwise, it would have been difficult to quantify the project’s direct and indirect incremental effects. These could have also been recognized and addressed during the early review missions.

Project Number: 42085-013
Project Name: Power Transmission Enhancement Project
Report Date:
Lesson
This validation notes some shortcomings in the formulation of covenants. First, the basis for reducing CO2 emission levels was not clearly defined, and the target emission levels could have been more modest. Second, the medium-term tariff policy is more of a sector issue rather than a project issue. The increase in tariff was critical to the borrower’s compliance with the loan covenants and achievement of some of the impact indicators. However, the implementation of the medium-term tariff policy is beyond the control of the borrower.

Project Number: 42085-013
Project Name: Power Transmission Enhancement Project
Report Date:
Lesson
Some environmental issues surfaced during implementation, which were not considered as risks at appraisal. These include the unanticipated decrease in hydropower output due to continued drought conditions, and the unexpected geological structures and underground water during the construction of the Agdash substation. The drought conditions rendered one impact indicator to be only partly achieved. A more thorough assessment of the environmental risks during the feasibility study stage could have avoided some if not all of these issues.

Project Number: 42085-013
Project Name: Power Transmission Enhancement Project
Report Date:
Lesson
The project demonstrated that Azerenergy is a capable implementing agency for power projects and that there is private sector capacity to undertake major construction projects related to augmentation and rehabilitation of power transmission and distribution networks. With proper planning, effective project monitoring mechanisms, and motivated and well-trained personnel, such projects can be successfully and expeditiously implemented.

Project Number: 42085-013
Project Name: Power Transmission Enhancement Project
Report Date:
Lesson
To enhance its operational and financial performance, Azerenergy is (i) streamlining its core business and transferring distribution networks assets and liabilities to Azerishiq, which will improve its financial performance and reduce administrative expenses; (ii) expanding power export to Georgia, Turkey and Russia; (iii) introducing enterprise resource planning, and enhancing internal audit and control to improve budgeting and planning functions; and (iv) accessing capital markets and diversifying financing channels (Azerenergy successfully obtained a corporate credit rating of BBB-/A-3 i

Project Number: 42085-013
Project Name: Power Transmission Enhancement Project
Report Date:
Lesson
There was some confusion in Azerenergy about the correct approach to use in calculating the debt - equity ratio and the DSCR (debt service coverage ratio). Financial ratios should be defined in loan covenants, particularly if they form part of the financial covenants of the loan. Moreover, ADB should more closely review these covenants during review missions to evaluate - and if needed initiate measures to ensure - compliance.

Project Number: 42085-013
Project Name: Power Transmission Enhancement Project
Report Date:
Lesson
No additional lesson.

Project Number: 39176-033
Project Name: Road Network Development Program (Project 2)
Report Date:
Lesson
No new lessons.

Project Number: 35087-013
Project Name: Urban Water Supply and Sanitation Project
Report Date:
Lesson
More robust due diligence is needed during project design and formulation to enable the closest possible cost estimates and to set aside enough resources to cover contingencies. This can save considerable time. The scope of the ADB-financed East-West Highway Improvement Project, approved in 2005, included two sections of the east-west highway

Project Number: 39176-033
Project Name: Road Network Development Program (Project 2)
Report Date: