|Approval Date||13 Nov 2014|
|Signature Date||14 Nov 2014|
|Planned Completion Date||30 Jun 2016|
|Last Disbursement Planned Date||30 Jun 2016|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The Energy Sector Reform Support Programme (PARSE) is intended to consolidate the achievements of the Energy Sector Reform and Financial Governance Support Programme (PARSEGF) completed in December 2013. More specifically, PARSE seeks to deepen and continue the process of gradually improving energy sector governance and performance initiated under PARSEGF. Furthermore, PARSE should supplement the Energy Sector Support Programme (PASE) that was launched in 2014. This investment project aims to increase electricity generation capacity. In the Comoros, the weaknesses of the energy sector in general, and the electricity sub-sector in particular (access rate below 50% of the population and frequent load shedding, including in Moroni, the country’s capital), are among the major obstacles to economic diversification necessary for the country to emerge over time from its fragility situation, characterized by low institutional capacity. In 2015, PARSE’s reform measures are expected to contribute to: (i) a drop in the percentage of MA-MWE’s business-related electricity losses that should stand at 22% compared with 27% in 2013; and (ii) a drop in the ratio of public subsidies to the energy sector/State operating budget, which should stand at 6.5%, against 10% in 2013. The total cost of PARSE is estimated at UA 4 million. The Programme comprises a single component which is the contribution to energy sector management.
The programme’s development goal is to contribute to creating conditions for inclusive economic growth conducive to the country’s gradual emergence from fragility, through improved energy sector management. Its specific objectives are to improve: (i) the organisational mechanism; (ii) the control framework; and (iii) the business performance of the energy sector and, in particular, the electricity sub-sector which is undermined by large-scale fraudulent practices.
The programme beneficiaries are the Comorian population in general, who will enjoy better living conditions and access to better social services thanks to improvements in the electricity sub-sector. Furthermore, Comorian private businesses (including those managed by women) will also benefit from PARSE. Their factor costs will drop, thanks to greater access to electricity. This will also boost their competitiveness and help them to develop their activities. Other programme beneficiaries are the two national electricity companies (especially MA-MWE), which will experience an improvement in their management frameworks, commercial and financial performance. Another PARSE beneficiary is the Government of the Comoros (GoC).
Transition Support Facility
MINISTERE DES FINANCES,DU BUDGET,DE L'ECONOMIE, ET DU PLAN
|Last Update||21 Mar 2023|
|Name||Regis LAKOUE DERANT|