Angola - Power Sector Reform Support Program


Project Summary

Approval Date 13 May 2014
Signature Date 28 Jul 2014
Planned Completion Date 20 Dec 2016
Last Disbursement Planned Date 30 Jun 2016
Sovereign / Non-Sovereign Sovereign
Sector Power
DAC Sector Code 23010
Commitment U.A 721,625,678.33
Status Completion

Project Objectives

Expected Outputs: The key outputs of the program are: (a) power sector restructuring completed; (b) improved power sector regulatory environment; (c) improved private sector participation in the power sector; (d) improved budget credibility and transparency; and (e) improved efficiency and value for money in procurement. The expected outcomes of the program are (a) improved operational efficiency, competitiveness and sustainability of the electricity sector, and (b) strengthened transparency and efficiency of public financial management.

Beneficiaries

The direct beneficiaries are Angola’s key public institutions responsible for PFM, and ministries responsible for the delivery of energy infrastructure development. The indirect beneficiaries are the population of Angola in general, and private sector who will benefit from better access to reliable and affordable electricity supply as well as transparency and efficient management of public finance and procurement practices. The operation will have a positive social and gender impact. Reform in the energy sector is expected to expand access to electricity at affordable costs for the local population, particularly for the very poor who are concentrated in rural areas and make up 45.2% of the entire population out of which 72% are living in poverty .

Participating Organization

Funding
African Development Bank
Implementing
Ministry of Finance and Ministry of Energy and Water

Information

IATI identifier 46002-P-AO-FA0-002
Last Update 31 Oct 2019

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Contact Details

Name GEBRE-SELASSIE Kalayu
Email k.gebre-selassie@afdb.org

Geographic Location

Country Angola
Coordinates Location Name
-12.5 18.5 Angola