PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

23282

Primary Business Area

Infrastructure

Disclosure Date

May 25, 2009

Country

Philippines

Region

East Asia and the Pacific

IFC Approval Date

Jul 21, 2005

Status

Completed

Estimated Total Budget

$2,573,780.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Mar 26, 2004

Project Description

The project provides advisory services to the power-generation industry in the Philippines. The objective is to introduce private sector participation into power generation in non-grid areas, such as remote islands, via divestitures of certain power supply agreements (PSAs) between the National Power Corporation’s Small Power Utilities Group (SPUG) and the electricity cooperatives, and, whenever applicable, the corresponding sale of SPUG generation assets, in favor of new PSAs with prospective new independent power producers.