|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|
|DAC Sector Code||23010|
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.
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 .
African Development Bank
Ministry of Finance and Ministry of Energy and Water
|Last Update||31 Oct 2019|