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Lesson
The program correctly sought to balance power load between the three regions (outcome) to remove transmission bottleneck that would promote proper siting and least-cost power generation planning, whic is particularly important for transitioning from fuel-based to renewable energy-based power generation. To highlight this importance, the design and monitoring framework needed a target for annual energy flows across regions that is contingent on a sound medium- to long-term energy investment program.

Project Number: 42039-033, 42039-036
Project Name: Power Transmission Investment Program (Multitranche Financing Facility and Tranche 3)
Report Date:
Lesson
The need for the cancelation of loan savings would be avoided by using realistic cost estimates during project preparation, as pointed out in the project completion report, is an appropriate lesson. However, this validation notes that the actual project cost was 28% lower than appraisal estimates, but the reduction in total ADB loan was 45%, i.e., from an estimate of $463 million to $253 million at program closing. The lower program cost reflected high-cost estimates, but higher counterpart funding was the bigger factor in the cancelation of the loan savings.

Project Number: 42039-033, 42039-036
Project Name: Power Transmission Investment Program (Multitranche Financing Facility and Tranche 3)
Report Date: