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Lesson
The programmatic approach taken in the TA—including upstream policy reforms, midstream transaction advisory support, and downstream funding support—along with the One ADB collaboration model for energy transition, has been well-recognized and is being replicated in other developing member countries. This type of TA is instrumental in supporting the government during times of significant changes. The analytical studies in support of policy dialogues and reform measures have been critical in firming up ADB’s leading role in the sector and in leveraging reforms through investments.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
Coherent support by all multilateral development banks, especially when being a first mover in a particular sector, is invaluable. The series of Power Sector Reform Roundtable co-organized by ADB, EBRD, and the World Bank starting in July 2019 provided a platform for this coordinated approach and later provided cofinancing opportunities for the organizers and other development partners.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
A donor coordination platform is helpful in harmonizing reform initiatives and identifying cofinancing opportunities while tracking progress. The government’s donor coordination platform between ADB, European Bank for Reconstruction and Development, and the World Bank played a critical role in harmonizing and developing directions, and in sharing different international experiences.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
Securing strong government commitment and robust support from all stakeholders, including key development partners, is crucial to successful sector reforms and TA implementation. Regular monitoring systems need to be established to report progress to higher authorities, while involving multiple ministries to monitor and balance the reforms.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
Technical support and knowledge-sharing opportunities, including those during the TA preparatory phase, strengthen stakeholder cooperation during TA implementation.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
Designating a country focal point will provide the TA an intermediary, collaborating closely with the subprojects’ leaders. This contributes significantly to successful outcomes.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
By advancing sector reforms, a facility TA, which involves multiple subprojects running concurrently within one framework, can address the risk of losing consistency or coherence among the subprojects. By setting a general policy priority and road map for sector development, the TA will be able to effectively bring its subprojects onto a common path/direction.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
Adapting to the changing government priorities facilitates the attainment of tangible outputs. Moreover, in this case, swift adaptation to the changing internal policy environment at ADB and proactive stakeholder consultations transformed risks into opportunities. The TA needs to be flexible enough to respond to the changing conditions of supply and demand, as well as to political and regulatory realities, to maximize tangible outputs.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
TA projects need to incorporate contingency plans to account for unforeseen events, such as global pandemics or other disruptions, to ensure the continuity and success of the projects. It will be useful to coordinate with the nonsovereign and advisory departments at the TA design stage to support the government synergistically.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
A holistic understanding of the direction of sector reforms and a programmatic approach in investment programs, synchronized with the pace of sector reforms, will help build resilience in TA design and deliver a more ambitious agenda than originally planned.

Project Number: 52322-002
Project Name: Preparing Sustainable Energy Investment Projects
Report Date:
Lesson
Apart from offering concessional interest rates,ADB and China National Investment and Guaranty Corporation (I&G) could explore providing enhanced value-added services for ongoing and future financial intermediation loan initiatives in air quality improvement or climate change programs. The global economic slowdown dampened enthusiasm for green investments, while the rise in euro interest rates and the reduction of yuan lending rates since 2022 presented additional challenges for green financing eligible subprojects within the greater Beijing–Tianjin–Hebei region.

Project Number: 50096-002
Project Name: Air Quality Improvement in the Greater Beijing–Tianjin–Hebei Region—China National Investment and Guaranty Corporation’s Green Financing Platform Project
Report Date: