PALESTINIAN ENERGY AUTHORITY ELECTRIC UTILITY MANAGEMENT PROJECT (EUMP)/ASSISTANCE TO THE ENERGY SECTOR, PHASE V/ELECTRICITY NETWORK UPGRADING PROJECT FUNDED BY THE WORLD BANK, NORWAY AND SWEDEN, FRENCH AGENCY FOR DEVELOPMENT, EUROPEAN INVESTMENT BANK AND THE MINISTRY OF FINANCE AND PLANNING PROJECT FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 TOGETHER WITH INDEPENDENT AUDITORS’ REPORT Table of Contents Page Independent Auditors’ Report 1-2 Balance Sheet 3 Statement of Sources and Uses of Funds 4 Designated Bank Account Statement – World Bank 5 Designated Bank Account Statement – Norway and Sweden 6 Designated Bank Account Statement – AFD 7 Designated Bank Account Statement – AFD (SPEED 76 and 77) 8 Designated Bank Account Statement – European Investment Bank 9 Notes to the Project Financial Statements 10-19 Annex 1: Project Expenses Per Component 20-28 PALESTINIAN ENERGY AUTHORITY ELECTRIC UTILITY MANAGEMENT PROJECT (EUMP)/ASSISTANCE TO THE ENERGY SECTOR, PHASE V/ELECTRICITY NETWORK UPGRADING PROJECT FUNDED BY THE WORLD BANK, NORWAY AND SWEDEN, FRENCH AGENCY FOR DEVELOPMENT, EUROPEAN INVESTMENT BANK AND THE MINISTRY OF FINANCE AND PLANNING BALANCE SHEET AS AT DECEMBER 31, 2015 AND 2014 (Currency: USD) Note 2015 2014 (Restated Assets Note 9) Current Assets Cash at banks 11 531,952 665,632 Total Current Assets 531,952 665,632 Total Assets 531,952 665,632 Liabilities and Fund Balance Fund balance 11 531,952 665,632 Total Liabilities and Fund Balance 531,952 665,632 The accompanying notes form an integral part of these financial statements 3 PALESTINIAN ENERGY AUTHORITY ELECTRIC UTILITY MANAGEMENT PROJECT (EUMP)/ASSISTANCE TO THE ENERGY SECTOR, PHASE V/ELECTRICITY NETWORK UPGRADING PROJECT FUNDED BY THE WORLD BANK, NORWAY AND SWEDEN, FRENCH AGENCY FOR DEVELOPMENT, EUROPEAN INVESTMENT BANK AND THE MINISTRY OF FINANCE AND PLANNING STATEMENT OF SOURCES AND USES OF FUNDS FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 (Currency: USD) Cumulative up to 2015 2014 Dec. 31, 2015 World Bank Norway European Ministry of Finance Total (WB)- and French Agency for Investment Bank and Planning (Restated Note TF 92336 Sweden Development (AFD) SPEED (EIB) (MoFP) Total Note 9) Total FUND BALANCE – BEGINNING OF YEAR 5,439 571,311 4,144 84,738 - - 665,632 2,869,046 - SOURCES OF FUNDS Replenishments/Advance 4, 10 922,599 - - 610,880 1,918,636 - 3,452,115 24,384,539 75,974,261 Direct payment 4, 10 806,568 - - 102,691 - 1,344,784 2,254,043 3,453,519 37,699,370 Return of remittance - - - - - - - - (23,542) Other revenues 5 - 1,785 - - - - 1,785 8,462 205,895 Total Sources of Funds 1,729,167 1,785 - 713,571 1,918,636 1,344,784 5,707,943 27,846,520 113,855,984 USES OF FUNDS Component 1: Transmission 6 - 110,336 - - 1,921,310 1,344,784 3,376,430 25,544,874 49,497,889 Component 2: Distribution - - - - - - - 2,411,843 47,515,213 Component 3: Institutional Reform and Capacity Building 7 1,539,944 276,163 3,805 - - - 1,819,912 1,685,039 14,065,522 Component 4: Program Monitoring Unit (PMU) 8 - 172,747 - - - - 172,747 275,095 1,996,493 Other (Related to SPEED 76 and 77) 9 - - - 442,056 - - 442,056 104,679 546,735 Bank charges 241 1,023 8 243 - - 1,515 3,309 16,191 Currency differentials loss (gain) 7,860 125 331 23,321 (2,674) - 28,963 25,095 (314,011) Total Uses of Funds 1,548,045 560,394 4,144 465,620 1,918,636 1,344,784 5,841,623 30,049,934 113,324,032 CHANGE IN FUND BALANCE 181,122 (558,609) (4,144) 247,951 - - (133,680) (2,203,414) 531,952 FUND BALANCE – END OF YEAR 11 186,561 12,702 - 332,689 - - 531,952 665,632 531,952 The accompanying notes form an integral part of these financial statements 4 PALESTINIAN ENERGY AUTHORITY ELECTRIC UTILITY MANAGEMENT PROJECT (EUMP)/ASSISTANCE TO THE ENERGY SECTOR, PHASE V/ ELECTRICITY NETWORK UPGRADING PROJECT DESIGNATED BANK ACCOUNT STATEMENT – GBP - WORLD BANK FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 Account number 0224497-8/002/3001/000 Depository bank Bank of Palestine Address Ramallah Related loan / credit TF 92336 Currency Great Britain Pound (GBP) 2015 2014 USD USD Note GBP equivalent GBP equivalent Balance, beginning of year 3,492 5,439 104,509 172,126 Receipts during the year 4 610,569 922,599 298,998 492,704 614,061 928,038 403,507 664,830 Deduct: Payments for project expenditure from the designated bank account 488,017 733,376 399,502 647,053 Bank charges 160 241 513 853 Foreign currency differential loss - 7,860 - 11,485 488,177 741,477 400,015 659,391 Balance, end of year 11 125,884 186,561 3,492 5,439 The accompanying notes form an integral part of these financial statements 5 PALESTINIAN ENERGY AUTHORITY ELECTRIC UTILITY MANAGEMENT PROJECT (EUMP)/ASSISTANCE TO THE ENERGY SECTOR, PHASE V/ ELECTRICITY NETWORK UPGRADING PROJECT DESIGNATED BANK ACCOUNT STATEMENT – NORWAY AND SWEDEN FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 Account number 0225232 Depository bank Bank of Palestine Address Ramallah Currency U.S. Dollar (USD), New Israeli Shekel (NIS) and EUR 2015 2014 USD Designated Accounts EUR Designated Accounts NIS Designated Account USD USD Note USD EUR Equivalent NIS Equivalent Total USD USD Balance, beginning of year 571,552 (201) (244) 11 3 571,311 2,517,529 Receipts during the year 4 - - - - - - 1,338,733 Transfer from other bank accounts 395,092 611 691 254,788 65,568 461,351 382,954 Interest revenue 5 1,385 - - - - 1,385 7,962 Income from selling of bids 5 400 - - - - 400 500 Foreign currency differential (loss) gain - - 7 - (132) (125) (2,983) 968,429 410 454 254,799 65,439 1,034,322 4,244,695 Deduct: Payments for project expenditure 494,825 - - 250,841 64,421 559,246 3,288,074 Transfer to other bank accounts 460,346 - - 3,908 1,005 461,351 382,954 Bank charges 556 410 454 50 13 1,023 2,356 955,727 410 454 254,799 65,439 1,021,620 3,673,384 Balance, end of year 11 12,702 - - - - 12,702 571,311 The accompanying notes form an integral part of these financial statements 6 PALESTINIAN ENERGY AUTHORITY ELECTRIC UTILITY MANAGEMENT PROJECT (EUMP)/ASSISTANCE TO THE ENERGY SECTOR, PHASE V/ ELECTRICITY NETWORK UPGRADING PROJECT DESIGNATED BANK ACCOUNT STATEMENT - AFD FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 Account number 9090-481964 Depository bank Arab Bank Address Ramallah Currency U.S. Dollar (USD) and EUR 2015 2014 USD Designated EUR Designated Bank Account Bank Account Total USD USD Note EUR USD equivalent USD Balance, beginning of year 3,403 4,134 10 4,144 178,818 Receipts during the year 4 - - - - 175,698 Transfer from other bank accounts 5 6 - 6 115,113 3,408 4,140 10 4,150 469,629 Deduct: Payments for project expenditure 3,404 3,805 - 3,805 340,236 Transfer to other bank accounts - - 6 6 115,113 Bank charges 4 4 4 8 82 Foreign currency differential loss - 331 331 10,054 3,408 4,140 10 4,150 465,485 Balance, end of year 11 - - - - 4,144 The accompanying notes form an integral part of these financial statements 7 PALESTINIAN ENERGY AUTHORITY ELECTRIC UTILITY MANAGEMENT PROJECT (EUMP)/ASSISTANCE TO THE ENERGY SECTOR, PHASE V/ ELECTRICITY NETWORK UPGRADING PROJECT DESIGNATED BANK ACCOUNT STATEMENT – AFD (SPEED 76 and 77) FOR THE YEARS ENDED DECEMBER 31, 2015 and 2014 Account number 9090-292760 Depository bank Arab Bank Address Ramallah Currency EUR 2014 (Restated 2015 Note 9) Note EUR USD equivalent USD Balance, beginning of period 64,456 84,738 - Receipts during the period 4 550,000 610,880 189,435 614,456 695,618 189,435 Deduct: Payments for project expenditure 309,854 339,365 104,679 Bank charges 220 243 18 Foreign currency differential loss - 23,321 - 310,074 362,929 104,697 Balance, end of period 11 304,382 332,689 84,738 The accompanying notes form an integral part of these financial statements 8 PALESTINIAN ENERGY AUTHORITY ELECTRIC UTILITY MANAGEMENT PROJECT (EUMP)/ASSISTANCE TO THE ENERGY SECTOR, PHASE V/ ELECTRICITY NETWORK UPGRADING PROJECT DESIGNATED BANK ACCOUNT STATEMENT –EUROPEAN INVESTMENT BANK FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014 Account number 2205410-0/033/3001/000 Depository bank Bank of Palestine Address Ramallah Currency EUR 2015 2014 USD Note EUR equivalent USD Balance, beginning of year - - - Receipts during the year 4 1,348,920 1,918,636 22,187,969 Currency variance gain - 2,674 - 1,348,920 1,921,310 22,187,969 Deduct: Payments for project expenditure 1,348,920 1,921,310 22,187,969 1,348,920 1,921,310 22,187,969 Balance, end of year - - - The accompanying notes form an integral part of these financial statements 9 PALESTINIAN ENERGY AUTHORITY ELECTRIC UTILITY MANAGEMENT PROJECT (EUMP)/ASSISTANCE TO THE ENERGY SECTOR, PHASE V FUNDED BY THE WORLD BANK, NORWAY AND SWEDEN, FRENCH AGENCY FOR DEVELOPMENT, EUROPEAN INVESTMENT BANK AND THE MINISTRY OF FINANCE AND PLANNING NOTES TO THE PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2015 (Currency: USD) 1. The PEA and Its Activities The Palestinian Energy Authority (PEA) was established as of November 14, 1994 according to Palestinian Authority decision number 170, entitling PEA concession of generation, transmission and distribution of all types and forms of energy in Palestine (Gaza Strip and the West Bank). By this decision PEA became the responsible implementing agency for all energy generation, transmission and distribution activities in the West Bank and Gaza including emergency and technical assistance programs. 2. The Project and Its Financing The Palestinian Energy Authority (PEA) has received funds from different donors to implement a project entitled the Electric Utility Management Project (EUMP)/Assistance to the Energy sector, Phase V/Electricity Network Upgrading Project (the Project). The objective of the Project is to reduce the fiscal burden of the electricity sector on the Palestinian Authority (PA) budgetary resources through lower deductions from clearance revenues for arrears owed to Israel Electricity Corporation (IEC). The Project also ensures that the Northern Electricity Distribution Company (NEDCO) is fully operating through maintaining capacity building measures. In addition, the Project will include a significant technical assistance component for capacity building at Gaza Electricity Distribution Company (GEDCO) to support the PEA/GEDCO in system operations and management as well as preparing a master plan for the development of the electricity sector in Gaza. The beneficiaries of the Project are the PEA, electricity utilities including NEDCO, Southern Electricity Company (SELCO), Hebron Power Company (HEPCO), Jerusalem District Electricity Company (JDECO), Gaza Electricity Distribution Company (GEDCO) and Palestinian Electricity Transmission Company (PETL), and the Palestinian Electricity Regulation Commission PERC. 10 The following represents the budget summary of the Project and source of financing: Donor Currency Grant Amount Description Completion Year/Date European Investment Bank The loan agreement has been signed between EIB and MoFP in EUR 45,000,000 Year 2016 (EIB) December 2005 and revised in March 2012. French Agency for The financing agreement was signed in July 2008 for the EUR 6,900,000 Completed Development (AFD) installation of prepaid meters. The financing agreement was signed in June 2009 for the French Agency for EUR 1,000,000 development of energy efficiency, renewable energy and Completed Development (AFD) environment protection. The financing agreement for NOK 105 million was signed in NOK 105,000,000 Governments of Norway September 2008. In June 2013, an amendment was signed to NOK 12,000,000 August 31, 2015 and Sweden increase the agreement amount by NOK 12 million. The financing SEK 30,000,000 agreement for the SEK 30 million was signed in February 2009. World Bank-TF 92336 USD 12,000,000 Financing agreement was signed in June 2008. January 31, 2017 World Bank – Additional USD 2,500,000 The financing agreement was signed in July 2009. Completed financing-TF 94587 Ministry of Finance and USD 29,000,000 Budgets are approved by MoFP. - Planning (MoFP) European Commission (EC) EUR 11,400,000 Approved by MoFP. Completed AFD - SDEEP 76 EUR 1,000,000 The financing agreement was signed in April 2014. May 31, 2017 AFD - SDEEP 77 EUR 2,000,000 The financing agreement was signed in April 2014. May 31, 2017 Agreement not yet Italy EUR 17,500,000 Committed by Italy. signed The Project includes the following components: Component 1: Transmission Component i. Supply and install four new bulk 161/33/22kV supply substations in the northern, central and southern areas of the West Bank; and ii. Installation of NCC/SCADA in the West Bank and Gaza. 11 Component 2: Distribution Component i. Development of the new power distribution system in the northern, central and southern areas of the West Bank served by the new 161kV sub-stations; ii. Rehabilitation of distribution networks in electricity utilities of the West Bank and Gaza; iii. Installation of prepaid meters and automatic meters reading systems in all utilities of the West Bank and Gaza; and iv. Rural Electrification. Component 3: Capacity Building Component i. Capacity building for all electricity utilities in the West Bank and Gaza; including technical assistance for procurement of tools, vehicles, IT hardware/software and training; ii. Providing consulting services to PEA for promoting the development and utilization of renewable energy resources and adopting energy efficiency measures; iii. Providing engineering consultancy services (short and long term) to procure and supervise construction of the four new 161kV sub-stations and the related connecting 161kV lines and distribution development; iv. Operating cost of the PMU; and v. Start-up operating costs (for two years) for the PETL and the PERC. 3. Summary of Significant Accounting Policies The Project financial statements are prepared under the historical cost convention. Significant accounting policies follow: - - Basis of accounting – The Project financial statements are prepared using the cash basis of accounting, which is a comprehensive basis of accounting other than International Financial Reporting Standards (IFRS). Sources of funds are recognized either when cash is received by PEA or when direct payment is effected by donors, and uses of funds are recognized when cash payments are made by PEA or when expenditure is paid directly by donors. - Foreign currency – The Project’s basic functional currency is the USD. Transactions that are expressed or denominated in other currencies were translated to USD using exchange rates in effect at the time of each transaction. Differences arising from the fluctuations in exchange rates were treated as exchange gains or losses in the statement of sources and uses of funds and designated account statement. Foreign currency exchange rates against USD at December 31, 2015 and 2014 were as follows: USD 2015 2014 One NIS 0.256 0.256 One EUR 1.093 1.215 One GBP 1.483 1.556 12 4. Replenishment/Advance and Direct Payment Represents remittances received from donors as follows: USD 2015 2014 (Restated) EIB 1,918,636 22,187,969 World Bank - TF 92336 922,599 492,704 AFD (SPEED 76 and 77) 610,880 189,435 Norway and Sweden - 1,338,733 AFD - 175,698 3,452,115 24,384,539 Further, certain donors effected direct payments for the expenses of the Project as follows: USD 2015 2014 MoFP and Planning 1,344,784 3,013,355 World Bank - TF 92336 806,568 385,052 AFD (SPEED 76 and 77) 102,691 - AFD - 55,112 2,254,043 3,453,519 5. Other Revenues Other revenues comprise: USD 2015 2014 Interest revenue – Norway / Sweden 1,385 7,962 Sale of tender documents - Norway / Sweden 400 500 1,785 8,462 6. Component 1: Transmission This component comprises: USD 2015 2014 Development of 161 KV Substation Total Norway and Sweden Phase V-PEA 3/2014 Supply of guarding rooms for substations in the West bank 29,400 - Phase V-PEA 4/2014 Supply and installation of authentication system for substations 27,640 - Turkumia Substation 53,296 - Sarah Road Station - AL Salfeeti Contracting - 137,850 Access road for Jenin - 205,494 Ancillary service for substations - 206 110,336 343,550 EIB 161 KV Substation Project 1,921,310 22,187,969 1,921,310 22,187,969 MoFP Value Added Tax (VAT) for 161 KV Substation Project 1,344,784 3,013,355 1,344,784 3,013,355 3,376,430 25,544,874 13 7. Component 3: Institutional Reform & Capacity Building Component This item comprises: USD 2015 2014 Institutional& Eng. Establish- Establish- Capacity Renewable Consultancy ment ment Build. Of Energy Services of PETL of PERC Utilities Resources Total Total World Bank (TF 92336) Advertisement - 836 - - - 836 888 Communication - 10,372 - - - 10,372 9,811 Employees health insurance - 32,705 - - - 32,705 23,384 Fuel - 8,281 - - - 8,281 14,470 Income tax expense - 16,437 - - - 16,437 19,423 Salaries - 427,852 - - - 427,852 455,123 Consultancy service -Hafez Shahen 1,400 - - - - 1,400 2,800 Meeting of the respective board - 28,800 - - - 28,800 16,200 Training, workshops and study tours - - - - - - 675 Travel expense - 10,320 - - - 10,320 7,462 Office supplies - 10,341 - - - 10,341 22,726 Supply of office equipment WB/S6 CCS - - - - - - 1,926 Vehicles maintenance & insurance - 7,398 - - - 7,398 4,300 EUMP PEA -WB \Lot 2 Awareness Campaign - - - - - - 62,813 Maintenance - 6,236 - - - 6,236 4,655 EUMP PETL -WB/S2 ROWWAD - - - - - - 98,838 EUMP PETL -WB/S3 Supply of GPS device For PETL - - - - - - 21,576 EUMP PETL -WB/S1 Supply of Furniture For PETL Abu Mweis - - - - - - 46,955 Translation - - - - - - 397 Training Services Agreement Israel Electric CO (IEC) - - - 145,739 - 145,739 217,683 EUMP PEA -WB \10 Supply of LED street Lighting - - - 643,603 - 643,603 - EUMP PEA -WB \S5 -2015 Farajeen Awareness - - - 6,667 - 6,667 - EUMP PEA -WB \S1-2015 Producing awareness film - - - 5,000 - 5,000 - EUMP PEA -WB \S2-2015 design ,supply - - - 4,607 - 4,607 Miscellaneous - 5,707 - - - 5,707 - Eump PEA-WB/9Supply of Pick-Up Vehicles of Petl - 155,057 - - - 155,057 - EUMP PEA -WB \S4 Lot 2 Supply ,Installation , training - 6,032 - - - 6,032 - EUMP PEA -WB \S4 Lot 1 Supply ,Installation , training - 6,554 - - - 6,554 - 1400 732,928 - 805,616 - 1,539,944 1,032,105 Norway and Sweden Consultancy service Norconsult - - - - - - 13,814 Phases V-PEA \ CS _ S GEO Modle Solar - - - - - - 65,730 Phases V-PEA \ CS _ W Nveltis Wind - - - - - - 178,042 Phase V-PEA 01/2015 Equip Multi purposes conference - - - 109,376 - 109,376 - Office equipment - - - 38,560 - 38,560 - Phase V-PEA 02/2015 Supply and installation and testing - - - 38,277 - 38,277 - Phase V-PEA 01/2014 supply and training of PV Arrow - - - - 89,950 89,950 - - - - 186,213 89,950 276,163 257,586 14 Continued… Eng. Establish- Establish- Institutional& Renewable Consultancy ment ment Capacity Build. Energy Services of PETL of PERC of Utilities Resources Total Total AFD Activity/awareness campaign - - - - 3,805 3,805 55,336 Income tax expense - - - - - - 3,925 Management/communications - - - - - - 3,668 Management/salaries - - - - - - 123,848 Management/transportation - - - - - - 24,882 Management/advertisement - - - - - - 250 Management/equipment - - - - - - 13,920 Employees health insurance - - - - - - 10,498 FR - 01\ 2013 supply, installation, commissioning - - - - - - 104,800 End of service expense - - - - - - 37,804 Furniture and computers - - - - - - 12,478 Workshop for prepaid meters – ASBAB - - - - - - 2,200 Workshop for prepaid meters – CAESAR - - - - - - 1,739 - - - - 3,805 3,805 395,348 1,400 732,928 - 991,829 93,755 1,819,912 1,685,039 8. Component 4: Program Monitoring Unit (PMU) This component comprises: USD 2015 2014 Norway and Sweden PMU Warehouse Total Total Communication 4,534 - 4,534 4,119 Financial and warehouse maintenance support 11,860 - 11,860 10,675 Income tax expense 3,226 - 3,226 3,478 Miscellaneous 5,412 - 5,412 4,604 Office equipment - - - 9,074 Salaries 96,875 - 96,875 161,980 Severance pay expense 36,022 - 36,022 52,403 Various office supplies - - - 33 Vehicles fuel and maintenance - - - 2,483 Vehicles insurance - - - 892 Warehouse insurance - - - 1,000 Office supplies 7,383 - 7,383 388 Employees health insurance 7,435 - 7,435 23,966 172,747 - 172,747 275,095 15 9. Other Component: (Related to SPEED 76 and 77) This component comprises: 2015 2014 Revolving fund for Other Manage- Conting- Total public building actions ment inces Total (Restated)* AFD - SPEED 77 Income tax expense - - 3,981 - 3,981 987 Management/ communications - - 2,924 - 2,924 330 Management / salaries - - 103,800 - 103,800 42,862 Management /transportation - - 8,891 - 8,891 2,343 Employees health insurance - - 1,826 - 1,826 - End of service expense - - 399 - 399 - FR 02\2014 Supply & installation of BMS 71,884 - - - 71,884 - FR- 01-2015 Service maintenance Rafidia Hospital 3,147 - - - 3,147 - Office equipment - - - - - 236 Activity/awareness campaign - - - 7,200 7,200 57,921 FR- 07/2015 Producing and design a booklet 3,350 - 3,350 A FR -04-2014 Supply, Installation of Solar evacuated 38,983 - - - 38,983 114,014 3,350 121,821 7,200 246,385 104,679 FFEM - SPEED 76 Income tax expense - - 2,800 - 2,800 - Management/ communications - - 1,343 - 1,343 - Management / salaries - - 74,807 - 74,807 - Management /transportation 1,077 - 1,077 Employees health insurance - - 9,865 - 9,865 - FR 02\2014 Supply & installation of BMS 73,237 - - - 73,237 - FR- 01-2015 Service and maintenance Rafidia Hospital 1,285 - - - 1,285 - FR 03-2015 Producing Energy Audit Flyer Asbab - 1,000 - - 1,000 - A FR -04-2014 Supply and installation of solar evacuated system 17,546 - - - 17,546 - Activity/awareness campaign - 3,711 - - 3,711 - FR 02-2015 story of revolving BMS System - 9,000 - - 9,000 - 92,068 13,711 89,892 - 195,671 - 206,082 17,061 211,713 7,200 442,056 104,679 * The AFD (SPEED 76 and 77) fund had been excluded from EUMP during the year 2014 due to absence of arrangements between PEA and donor to consider this fund as part of EUMP during the year 2014. During the year 2015, PEA and donor agreed to retroactively include this fund as part of EUMP. Therefore, this beginning balance of USD 84,738 has been added. This beginning balance represents the following: AFD - SPEED 77 Total (USD) Revenues received on October 20, 2014 189,435 Less: Expenses disbursed in 2014, as detailed below: Income tax expense 987 Management/ communications 330 Management / salaries 42,862 Management /transportation 2,343 Office equipment 236 Activity/awareness campaign 57,921 Bank charges 18 Total Expenses 104,697 Fund Balance as of January 1, 2015 84,738 16 10. Replenishments and Direct Payments (SOE Procedures) Replenishments and direct payments represent amounts received by PEA under the Project for the following disbursement categories incurred in year 2015: Method of Payment Goods Consultant Initial & Withdrawal other than training operating Application Total Replenish- Direct for part other than exp. for Number Amount Advance ment Recovery Payment 3.1b 3.1b PETL 3.5b Total EUMP- 73 95,212 - 49,626 45,586 24,676 - 70,536 95,212 EUMP- 74 42,428 - 42,428 - 17 - 42,411 42,428 EUMP- 75 96,510 - 96,510 - 65 - 96,445 96,510 EUMP- 76 460,460 460,460 - - - - - - - EUMP- 77 155,057 - - - 155,057 155,057 - 155,057 EUMP- 78 160,256 - 160,256 - - 43 1,507 158,706 160,256 EUMP- 79 145,739 - - - 145,739 - 145,739 - 145,739 EUMP- 80 118,708 - 118,708 - - 40 - 118,668 118,708 EUMP- 81 91,121 - 91,121 - - 41 - 91,080 91,121 EUMP- 82 505,772 - - - 505,772 505,772 - - 505,772 Total Client Connection Records 1,871,263 460,460 462,139 142,096 806,568 685,711 147,246 577,846 1,410,803 PEA Records 944,500 147,139 448,546 1,540,185 Add: Expenses (related to 2014) reported to WB in 2015: EUMP – 73 24,676 - 70,536 95,212 EUMP – 74 (partial) - - 42,412 42,412 Less: Expenses disbursed by PEA in year 2015 and not reported to WB as at December 31, 2015: EUMP-83 (278,864) - - (278,864) EUMP-84 (partial) (4,608) - - (4,608) Currency variance* 7 107 16,352 16,466 Total Client Connection Records 685,711 147,246 577,846 1,410,803 * This currency variance is calculated to reconcile the total disbursement categories in USD as recorded by PEA to the total amounts of the SoEs in USD as recorded by WB in the client connection. As further disclosed in note 2, PEA converts disbursements made in currencies other than USD using exchange rates in effect at the time of each transaction, whereas the amounts of the SoEs are converted by WB to USD using exchange rates prevailing at the date WB approves the SoEs. 17 11. Fund Balance - End of Year The fund balance as at December 31, 2015 represents: USD 2014 (Restated 2015 Note 9) Word Bank (TF 92336) Bank of Palestine Current (0224497/002/3001/000) - GBP 125,884 186,561 5,439 186,561 5,439 Norway and Sweden Bank of Palestine Deposit–Severance Pay (0225232/001/3001/001) – USD 3 3 Bank of Palestine Deposit (0225232/001/3301/000) –USD 6,167 541,041 Bank of Palestine Deposit (0225232/001/3301/001) - USD* 6,532 33,513 Bank of Palestine Current – Other - (3,246) 12,702 571,311 AFD Arab Bank- Current (9090-481964-530 and 510) - 4,144 - 4,144 AFD (SPEED 76 and 77) Arab Bank Current (9090-292760-530) Euro 304,382 332,689 84,738 332,689 84,738 531,952 665,632 * This account represents amounts reserved for the Project employees’ end of service benefits as at December 31, 2015. 18 12. Actual Expenditure Versus Budget per Donor The following represents the total cumulative actual versus budget expenditure for each donor as of December 31, 2015: USD Variance Donor Description Budget Actual Under (Over) AFD Distribution Component 9,100,000 7,970,036 1,129,964 Institutional Reform & Capacity Building Component 1,500,000 1,435,039 64,961 Total AFD 10,600,000 9,405,075 1,194,925 EIB Transmission Development 63,000,000 40,429,604 22,570,396 Institutional Reform & Capacity Building Component 2,800,000 - 2,800,000 Total EIB 65,800,000 40,429,604 25,370,396 European Union Distribution Component 16,000,000 13,412,341 2,587,659 Ministry of Finance and Planning Transmission Development 10,200,000 7,342,496 2,857,504 Distribution Component 18,800,000 4,090,813 14,709,187 Total Ministry of Finance and Planning 29,000,000 11,433,309 17,566,691 Norway and Sweden Transmission Development 1,725,790 1,725,790 - Distribution Component 16,851,938 16,851,938 - Institutional Reform & Capacity Building Component 3,528,501 3,528,501 - Program Monitoring Unit 1,996,492 1,996,492 - Total Norway and Sweden 24,102,721 24,102,721 - Italy Distribution Component 24,000,000 - 24,000,000 World Bank (TF 92336 and TF 94587) Distribution Component 5,500,000 5,190,085 309,915 Institutional Reform & Capacity Building Component 8,850,000 9,101,982 (251,982) Program Monitoring Unit 150,000 - 150,000 Total World Bank 14,500,000 14,292,067 207,933 AFD and FFEM (SPEED) 4,165,510 546,735 3,618,775 Grand Total* 188,168,231 113,621,852 74,546,379 Add: Bank charges 16,191 113,638,043 * Excludes currency variance reported in the Statement of Sources and Uses of Funds. 19 Annex 1: Project Expenses Per Component Institutional Reform & Capacity Building Component (3) PMU(4) Transmission Eng. Establishmen Institutional Revolving Renewable Consultancy t & Capacity fund for Energy Development Services of PETL Building of public Other Contingen- Resources of 161KV (3.5) (3.2) Utilities(3.4) building actions Management ces (3.3) PMU(4.1) Substation Dec 31.2015 prior 2015 Grand Total Norway & Sweden Add. Materials for Gaza -Nesco S1 - - - - - - - - - - - 363,492.00 363,492.00 Add. Materials Gaza -Nesco S2 - - - - - - - - - - - 36,068.00 36,068.00 Civil Work - Daphna Co - - - - - - - - - - - 469,508.00 469,508.00 Civil Work - SATCO - - - - - - - - - - - 277,236.00 277,236.00 Communication - - - - - - - - 4,533.59 - 4,533.59 31,063.39 35,596.98 Consultancy - - - - - - - - - - - 2,370.00 2,370.00 Consultancy Service Norconsult - - - - - - - - - - - 533,200.58 533,200.58 Consultancy Service NEDCO - - - - - - - - - - - 274,600.00 274,600.00 Consultancy strategic Planning unit - - - - - - - - - - - 19,036.16 19,036.16 Financial & Warehouse Maintenance. Support - - - - - - - - 11,859.50 - 11,859.50 71,815.00 83,674.50 Furniture & Fixtures - - - - - - - - - - - 73.00 73.00 Gaza Damages -ARDAN - - - - - - - - - - - 563,127.00 563,127.00 Hand held units system - Phase V- 03/2011 Experts - - - - - - - - - - - 142,800.00 142,800.00 Income Tax Expense - - - - - - - - 3,225.74 - 3,225.74 24,940.08 28,165.82 IT for NEDCO - - - - - - - - - - - 478,161.00 478,161.00 Employees Health Insurance - - - - - - - - 7,174.99 - 7,174.99 44,332.30 51,507.29 Furniture for NEDCO - - - - - - - - - - - 99,533.41 99,533.41 Office Equipment For NEDCO - - - - - - - - - - - 120,340.35 120,340.35 Miscellaneous - - - - - - - - 5,411.66 - 5,411.66 72,674.43 78,086.09 Office Equipment - - - - - - - - - - - 77,562.05 77,562.05 PM01/2010 supply of prepaid metering Lot 2 HEXING/ NESCO - - - - - - - - - - - 942,485.23 942,485.23 Professional fees - - - - - - - - - - - 24,279.00 24,279.00 Running cost - NEDCO - - - - - - - - - - - 280,498.00 280,498.00 Salaries - - - - - - - - 96,875.11 - 96,875.11 1,140,257.57 1,237,132.68 Service Agreement with pilot phase supplier / falcon - - - - - - - - - - - 430,000.00 430,000.00 Severance Pay Exp. - - - - - - - - 36,021.90 - 36,021.90 73,058.76 109,080.66 Supervision - - - - - - - - - - - 35,568.00 35,568.00 20 Institutional Reform & Capacity Building Component (3) PMU(4) Transmission Eng. Establishmen Institutional Revolving Renewable Consultancy t & Capacity fund for Energy Development Services of PETL Building of public Other Contingen- Resources of 161KV (3.5) (3.2) Utilities(3.4) building actions Management ces (3.3) PMU(4.1) Substation Dec 31.2015 prior 2015 Grand Total Supply of al -Ezareyyeh Switchgears-01/2010 Lot 1 intermed - - - - - - - - - - - 376,000.00 376,000.00 Supply of current transformers V- PEA -05/2011 Lot 4 NESCO - - - - - - - - - - - 199,524.36 199,524.36 Supply of distribution trans PEA 02/2010 Lot 1+2+4 SATCO - - - - - - - - - - - 945,323.00 945,323.00 Supply of L.V . Steel poles 02/2010- Lot 3/international tee - - - - - - - - - - - 264,900.00 264,900.00 Supply of LV cables PEA 01/2011 Lot.2 NESCO - - - - - - - - - - - 89,885.00 89,885.00 Supply of LV steel poles Phase V- PEA 02/2011 Lot 2-al-Kamal - - - - - - - - - - - 386,784.52 386,784.52 Supply of Pick up Veh. L200- Mitsubish - - - - - - - - - - - 57,000.00 57,000.00 Supply of power transformers 04/2010 Lot2-international - - - - - - - - - - - 390,700.00 390,700.00 Supply of prepaid Metering PM01/2010 Lot.1SATCO -holly J.V - - - - - - - - - - - 1,820,417.34 1,820,417.34 Supply of ring Units SS01/2009 Lot4 SATCO - - - - - - - - - - - 260,749.00 260,749.00 Supply of street lighting panels PEA01/2011 lot1 Melemco - - - - - - - - - - - 194,700.00 194,700.00 Supply of substation & ring arm SS 01/2009 LOt1.2.3 - - - - - - - - - - - 842,301.00 842,301.00 Supply of truck -PEA 05/2010 AL- Assbah - - - - - - - - - - - 186,326.00 186,326.00 Supply of utility Vehicle 01/2010 Lot2 CAT - - - - - - - - - - - 50,575.00 50,575.00 Supply of utility Vehicle 03/2010 AL -Asbah - - - - - - - - - - - 400,000.00 400,000.00 Supply of utility Vehicle PEA 01/2010 Lot1 Tomeco - - - - - - - - - - - 209,700.00 209,700.00 Supply of utility Vehicle PEA 01/2010 Lot4 Seba - - - - - - - - - - - 210,380.00 210,380.00 Supply of sepam cards Al-Takamul PEA 08/2011 - - - - - - - - - - - 82,752.00 82,752.00 Supply of cables Acc. PEA 06/2011 NESCO - - - - - - - - - - - 165,148.20 165,148.20 Supply of Distribution trans PEA - - - - - - - - - - 21 Institutional Reform & Capacity Building Component (3) PMU(4) Transmission Eng. Establishmen Institutional Revolving Renewable Consultancy t & Capacity fund for Energy Development Services of PETL Building of public Other Contingen- Resources of 161KV (3.5) (3.2) Utilities(3.4) building actions Management ces (3.3) PMU(4.1) Substation Dec 31.2015 prior 2015 Grand Total 10/2011 Lot 1+3 SATCO - 1,074,571.14 1,074,571.14 Supply of GIS Software phase V- PEA 09/2011 Artech - - - - - - - - - - - 79,485.00 79,485.00 Supply of MV Overhead Line materials 02/2011 LOT1 - - - - - - - - - - - 68,880.80 68,880.80 Supply of MV & LV underground cables 10/2011 lot2 AZ - - - - - - - - - - - 1,620,073.28 1,620,073.28 Supply of electromechanical Meter 05/2011-lot1,2&3 SATCO - - - - - - - - - - - 298,262.45 298,262.45 Supply of MV ground cables 01/2012 SATCO - - - - - - - - - - - 1,642,958.28 1,642,958.28 Ancillary Service for Substations - - - - - - - - - 80,936.11 80,936.11 3,009.76 83,945.87 Substation & ancillary for service - - - - - - - - - - - 950.19 950.19 Training & Workshops - - - - - - - - - - - 10,428.53 10,428.53 Travel Expense - - - - - - - - - - - 40,429.40 40,429.40 Various office Supplies - - - - - - - - - - - 14,212.81 14,212.81 Vehicles - - - - - - - - - - - 27,800.00 27,800.00 Vehicles Fuel & Maintenance - - - - - - - - - - - 41,812.29 41,812.29 Vehicles Insurance - - - - - - - - - - - 21,150.08 21,150.08 Warehouse Insurance - - - - - - - - - - - 48,406.00 48,406.00 Office Supplies - - - - - - - - 7,383.40 - 7,383.40 2,449.93 9,833.33 Additional cost for civil works of the substations - - - - - - - - - - - 1,126,336.58 1,126,336.58 Access road for jenin - - - - - - - - - - - 264,553.88 264,553.88 phase V-PEA 02/2013 lot1&2 supply of Electrical - - - - - - - - - - - 3,014,833.78 3,014,833.78 Sarah Road Station - AL - Salfeeti Contracting - - - - - - - - - - - 137,894.75 137,894.75 phases V-PEA \ CS _ S GEO Modle Solar - - - - - - - - - - - 65,730.00 65,730.00 phases V-PEA 01/2014 Supply and training of PV Arrow - - - - - - - 89,950.00 - - 89,950.00 - 89,950.00 phases V-PEA \ CS _ W Nveltis Wind - - - - - - - - - - - 178,042.36 178,042.36 phases V-PEA 03/2014 establish 3 - - - - - - - - - - 22 Institutional Reform & Capacity Building Component (3) PMU(4) Transmission Eng. Establishmen Institutional Revolving Renewable Consultancy t & Capacity fund for Energy Development Services of PETL Building of public Other Contingen- Resources of 161KV (3.5) (3.2) Utilities(3.4) building actions Management ces (3.3) PMU(4.1) Substation Dec 31.2015 prior 2015 Grand Total mobile security 29,400.00 29,400.00 29,400.00 Employees Insurance - - - - - - - - 260.00 - 260.00 - 260.00 phases V-PEA 02/2014 Supply of office Equipment - - - - - - - - 38,560.00 - 38,560.00 - 38,560.00 phases V-PEA 02/2015 Supply and Inst - - 38,276.81 - - - - - - - 38,276.81 - 38,276.81 phases V-PEA 01/2015 Equip Multi Purposes - - 109,376.00 - - - - - - - 109,376.00 - 109,376.00 World Bank (TF 92336) Advertisement - 836.38 - - - - - - - - 836.38 7,322.44 8,158.82 Audit Fees - - - - - - - - - - - 48,005.00 48,005.00 Communication - 10,371.90 - - - - - - - - 10,371.90 26,503.77 36,875.67 Employees Health Insurance - 32,705.00 - - - - - - - - 32,705.00 35,271.48 67,976.48 Fuel - 8,281.07 - - - - - - - - 8,281.07 18,973.17 27,254.24 Utility Charge - - - - - - - - - - - 147.34 147.34 Income Tax Expense - 16,437.15 - - - - - - - - 16,437.15 40,885.28 57,322.43 Salaries - 427,852.18 - - - - - - - - 427,852.18 888,982.04 1,316,834.22 Miscellaneous - 5,706.52 - - - - - - - - 5,706.52 9,612.66 15,319.18 Consultancy Service -SAS AETS - - - - - - - - - - - 34,831.73 34,831.73 Consultancy Service/ Mercados - - - - - - - - - - - 239,945.10 239,945.10 Consultancy Service -Balatya - - - - - - - - - - - 3,000.00 3,000.00 Consultancy Service -Hafez Shahen 1,400.00 - - - - - - - - - 1,400.00 22,400.00 23,800.00 Meeting Of The Respective Board - 28,800.00 - - - - - - - - 28,800.00 85,325.00 114,125.00 IT HD & soft WB/3- LOT 1 PCNC2000 - - - - - - - - - - - 523,257.00 523,257.00 IT HD & soft WB/3- LOT 5 C.M.C - - - - - - - - - - - 83,296.00 83,296.00 IT HD & soft WB/3- LOT7 Bedawi - - - - - - - - - - - 133,622.00 133,622.00 IT & S.W WB/ 3 lot.3 BCI - - - - - - - - - - - 16,436.00 16,436.00 supply of GIS SW for HEPCO EUMP -PEA -WB/5 Lot.2 NESCO - - - - - - - - - - - 138,545.50 138,545.50 supply of MV- underground cables EUMP - PEA- WB/6 SATCO - - - - - - - - - - - 3,006,682.32 3,006,682.32 Supply Of Tools Lot 1-Tech .ENG - - - - - - - - - - - 264,313.00 264,313.00 Supply Of Tools WB Lot2- Takamul - - - - - - - - - - - 130,862.00 130,862.00 23 Institutional Reform & Capacity Building Component (3) PMU(4) Transmission Eng. Establishmen Institutional Revolving Renewable Consultancy t & Capacity fund for Energy Development Services of PETL Building of public Other Contingen- Resources of 161KV (3.5) (3.2) Utilities(3.4) building actions Management ces (3.3) PMU(4.1) Substation Dec 31.2015 prior 2015 Grand Total Supply Of Tools WB Lot3,4,5 - - - - - - - - - - - 1,133,225.00 1,133,225.00 Supply Of Utility Vehicles WB/4 Lot.2 Palestinian Tractor - - - - - - - - - - - 35,700.00 35,700.00 Supply Of Utility Vehicles Lot 2 - - - - - - - - - - - 1,450,671.00 1,450,671.00 Supply Of Utility Vehicles- Lot4 - - - - - - - - - - - 78,432.00 78,432.00 Supply Of Utility Vehicles Lot1 - - - - - - - - - - - 653,154.00 653,154.00 Training .Workshops And Study Tours - - - - - - - - - - - 8,017.63 8,017.63 Travel Allowance - - - - - - - - - - - - - Travel Expense - 10,319.89 - - - - - - - - 10,319.89 62,172.00 72,491.89 Supply of IT EUMP PEA-WB/5- Lot1 PCNC - - - - - - - - - - - 179,699.74 179,699.74 Supply of Mobile workstation BCI WB/S1 - - - - - - - - - - - 8,865.73 8,865.73 Annual Report WB/S2 Orchida - - - - - - - - - - - 2,510.81 2,510.81 Office Equipment WB/S3 Badawi - - - - - - - - - - - 17,920.00 17,920.00 Office Furniture WB/S1-2012 Abu Mwis - - - - - - - - - - - 51,770.00 51,770.00 Office Furniture WB/S1-2012 Add. Abu Mwis - - - - - - - - - - - 18,240.00 18,240.00 Office Supplies - 10,340.76 - - - - - - - - 10,340.76 41,502.07 51,842.83 Supply of Office equipment WB/S6 - - - - - - - - - - - 64,625.40 64,625.40 Supply of Office equipment WB/S7 Tech. Zone - - - - - - - - - - - 2,005.00 2,005.00 Supply of two vehicles WB/S5 Arab Motor - - - - - - - - - - - 72,114.00 72,114.00 Supply of IT Equipment WB/7 Badawi - - - - - - - - - - - 133,049.30 133,049.30 Office Furniture WB/S4-2012 Abu Mwis - - - - - - - - - - - 36,490.00 36,490.00 Vehicles Maintenance & Insurance - 7,398.23 - - - - - - - - 7,398.23 6,755.85 14,154.08 EUMP PEA -WB \Lot 2 Awareness Campaign - - - - - - - - - - - 62,812.84 62,812.84 Maintenance - 6,236.13 - - - - - - - - 6,236.13 4,654.69 10,890.82 EUMP PETL -WB/S2 ROWWAD - - - - - - - - - - - 98,837.50 98,837.50 EUMP PETL -WB/S3Supply of GPS - - - - - - - - - - 24 Institutional Reform & Capacity Building Component (3) PMU(4) Transmission Eng. Establishmen Institutional Revolving Renewable Consultancy t & Capacity fund for Energy Development Services of PETL Building of public Other Contingen- Resources of 161KV (3.5) (3.2) Utilities(3.4) building actions Management ces (3.3) PMU(4.1) Substation Dec 31.2015 prior 2015 Grand Total device For PETL - 21,576.00 21,576.00 EUMP PETL -WB/S1Supply of Furniture For PETL Abu Mwis - - - - - - - - - - - 46,955.00 46,955.00 Translation - - - - - - - - - - - 397.32 397.32 Eump PEA-WB/9Supply of Pick-Up Vehicles of Petl - 155,056.88 - - - - - - - - 155,056.88 - 155,056.88 Training Services Agreement Israel Electric CO . IEC - - 145,738.54 - - - - - - - 145,738.54 217,683.17 363,421.71 EUMP PEA -WB \10 Supply of LED street Lighting - - 643,603.42 - - - - - - - 643,603.42 - 643,603.42 EUMP PEA -WB \S5 -2015 Farajeen Awareness - - 6,667.00 - - - - - - - 6,667.00 - 6,667.00 EUMP PEA -WB \S1-2015 Producing awareness film - - 5,000.00 - - - - - - - 5,000.00 - 5,000.00 EUMP PEA -WB \S2-2015 design ,supply - - 4,607.52 - - - - - - - 4,607.52 - 4,607.52 EUMP PEA -WB \S4 Lot 2 Supply ,Installation , training - 6,032.00 - - - - - - - 6,032.00 - 6,032.00 EUMP PEA -WB \S4 Lot 1 Supply - - ,Installation , training - 6,554.00 - - - - - - - - 6,554.00 - 6,554.00 World Bank /additional financing -B add. Materials GAZA -NESCO S2 - - - - - - - - - - - 206,161.00 206,161.00 supply of ABC cables PEA-S1 falcon - - - - - - - - - - - 362,571.00 362,571.00 Supply of Cond. Cables lot 3 falcon - - - - - - - - - - - 64,448.00 64,448.00 supply of disconnector Switches - Lot 2 - - - - - - - - - - - 130,465.00 130,465.00 supply of Dist. Trans .S4 Al- Takamul - - - - - - - - - - - 611,654.00 611,654.00 supply of LV ABC cables Accessories S3- SATCO - - - - - - - - - - - 305,063.60 305,063.60 supply of sport utility vehicle EUMP PEA-WB/4Lot .Temeco - - - - - - - - - - - 157,781.00 157,781.00 supply of steel poles WB/S6 SATCO - - - - - - - - - - - 228,057.00 228,057.00 WB/S5 supply of wooden Poles NESCO - - - - - - - - - - - 417,870.00 417,870.00 AFD 25 Institutional Reform & Capacity Building Component (3) PMU(4) Transmission Eng. Establishmen Institutional Revolving Renewable Consultancy t & Capacity fund for Energy Development Services of PETL Building of public Other Contingen- Resources of 161KV (3.5) (3.2) Utilities(3.4) building actions Management ces (3.3) PMU(4.1) Substation Dec 31.2015 prior 2015 Grand Total Activity /Measure device PET /FR - 01/2009 - - - - - - - - - - - 58,774.00 58,774.00 Activity /software & Equipment - - - - - - - - - - - 8,979.00 8,979.00 Activity/Awareness campaign - - - - - - - 3,804.66 - - 3,804.66 95,012.82 98,817.48 Activity/ Establish EE&RE center within PEC - - - - - - - - - - - 1,600.00 1,600.00 Activity/ supply of BALSTON filters for Enerac-Arrow Co - - - - - - - - - - - 720.00 720.00 Activity/training consultancy - - - - - - - - - - - 45,168.00 45,168.00 consultancy service Norconsult - - - - - - - - - - - 172,439.17 172,439.17 Employees Health Insurance - - - - - - - - - - - 15,747.50 15,747.50 income Tax Expense - - - - - - - - - - - 11,806.69 11,806.69 Management/ Communications - - - - - - - - - - - 12,145.30 12,145.30 Management / salaries - - - - - - - - - - - 494,785.17 494,785.17 Management /transportation - - - - - - - - - - - 92,838.96 92,838.96 Management/ travel expense - - - - - - - - - - - 13,006.17 13,006.17 Management/Advertisement - - - - - - - - - - - 1,520.60 1,520.60 Management/ Equipment - - - - - - - - - - - 24,451.19 24,451.19 Training & Workshops - - - - - - - - - - - 14,400.00 14,400.00 Training Leo 01/2012 - - - - - - - - - - - 35,121.00 35,121.00 supply of prepaid metering PM01/2010 Lot .2 HEXING - - - - - - - - - - - 2,290,374.35 2,290,374.35 supply of prepaid metering PM01/2010 Lot .1 SATCO holly - - - - - - - - - - - 5,679,662.44 5,679,662.44 Activity\Alpha International FR- 01/2010 - - - - - - - - - - - 32,000.00 32,000.00 Supply of Hot water System Masader - - - - - - - - - - - 56,160.00 56,160.00 PEA/FR 03/2012 Arrow Co Supply of Measuring - - - - - - - - - - - 39,455.00 39,455.00 PEA/FR 02/2013 Sam Gouda Training - - - - - - - - - - - 26,898.00 26,898.00 Employees Insurance - - - - - - - - - - - 884.40 884.40 Alpha Consultancy services FR- - - - - - - - - - - - 26 Institutional Reform & Capacity Building Component (3) PMU(4) Transmission Eng. Establishmen Institutional Revolving Renewable Consultancy t & Capacity fund for Energy Development Services of PETL Building of public Other Contingen- Resources of 161KV (3.5) (3.2) Utilities(3.4) building actions Management ces (3.3) PMU(4.1) Substation Dec 31.2015 prior 2015 Grand Total 01/2011 18,300.00 18,300.00 FR - 01\ 2013 Supply , Installation ,Commissioning - - - - - - - - - - - 104,800.00 104,800.00 End Of Service expense - - - - - - - - - - - 37,804.15 37,804.15 Furniture and Computers - - - - - - - - - - - 12,477.67 12,477.67 workshop for prepaid meters - Asbab - - - - - - - - - - - 2,200.00 2,200.00 Workshop for prepaid meters - Caesar - - - - - - - - - - - 1,739.13 1,739.13 AFD - SPEED 77 income Tax Expense - - - - - 3,981.00 - - - - 3,981.00 - 3,981.00 Management/ Communications - - - - - 2,924.10 - - - - 2,924.10 - 2,924.10 Management / salaries - - - - - 103,800.20 - - - - 103,800.20 - 103,800.20 Management /transportation - - - - - 8,890.58 - - - - 8,890.58 - 8,890.58 Employees Health Insurance - - - - - 1,826.00 - - - - 1,826.00 - 1,826.00 End of Service Expense - - - - - 398.57 - - - - 398.57 - 398.57 PEA -FR 02\ 2014 Supply and Installation Of a BMS - - - 71,883.62 - - - - - - 71,883.62 - 71,883.62 A FR- 01-2015 Service and maintenance Rafidia Hosp - - - 3,147.57 - - - - - - 3,147.57 - 3,147.57 A FR- 07/2015 Producing and design a booklet - - - 3,350.00 - - - - - 3,350.00 - 3,350.00 A FR -04-2014 Supply ,Installation of Solar evacuated - - - 38,983.05 - - - - - - 38,983.05 - 38,983.05 Activity/Awareness campaign - - - - - - 7,200.00 7,200.00 - 7,200.00 FFEM -SPEED 76 income Tax Expense - - - - - 2,800.46 - - - - 2,800.46 - 2,800.46 Management/ Communications - - - - - 1,342.53 - - - - 1,342.53 - 1,342.53 Management / salaries - - - - - 74,807.09 - - - - 74,807.09 - 74,807.09 Management /transportation - - - - - 1,076.99 - - - - 1,076.99 - 1,076.99 Employees Health Insurance - - - - - 9,865.00 - - - - 9,865.00 - 9,865.00 PEA -FR 02\ 2014 Supply and Installation Of a BMS - - - 73,236.67 - - - - - 73,236.67 - 73,236.67 A FR- 01-2015 Service and - - - - - - - - - 27 Institutional Reform & Capacity Building Component (3) PMU(4) Transmission Eng. Establishmen Institutional Revolving Renewable Consultancy t & Capacity fund for Energy Development Services of PETL Building of public Other Contingen- Resources of 161KV (3.5) (3.2) Utilities(3.4) building actions Management ces (3.3) PMU(4.1) Substation Dec 31.2015 prior 2015 Grand Total maintenance Rafidia Hosp 1,284.43 1,284.43 1,284.43 PEA -FR 03-2015 Producing Energy Audit Flyer Asbab - - - 1,000.00 - - - - - 1,000.00 - 1,000.00 A FR -04-2014 Supply ,Installation of Solar evacuated - - - 17,546.35 - - - - - - 17,546.35 - 17,546.35 Activity/Awareness campaign - - - - 3,710.88 - - - - - 3,710.88 - 3,710.88 PEA -FR 02-2015 Story Of Revolving BMS System - - - - 9,000.00 - - - - - 9,000.00 - 9,000.00 European Union Lot 1-Feeder Pillars ,disconnector ,Switchhes,takamal - - - - - - - - - - - 1,001,920.00 1,001,920.00 Lot2-underground cables -Nesco - - - - - - - - - - - 3,810,575.00 3,810,575.00 Lot 3-33KV Overhead Line Equip- Takamul - - - - - - - - - - - 318,802.00 318,802.00 Lot 4- LV ABC bundle cables - Takamul - - - - - - - - - - - 2,877,122.00 2,877,122.00 LOT 5-Distribution transprmers - NESCo 2,396,528.00 2,396,528.00 supply of steel Poles PEBNRA - SATCO 3,007,394.00 3,007,394.00 Ministry of Finance and Planning Distribution Equip. & trans . Lot - TaKamul - - - - - - - - - - - 91,957.00 91,957.00 Distribution Equip. & transformers Lot 4,5.8 - Kamal - - - - - - - - - - - 837,727.00 837,727.00 Distribution Equipment - RE1 Lot1,2,3,7 Nesco . Memco - - - - - - - - - - - 1,311,834.00 1,311,834.00 supply of steel RE2 - SATCO - - - - - - - - - - - 1,849,295.00 1,849,295.00 VAT for 161 KV Substation project* - - - - - - - - - 1,344,784.25 1,344,784.25 5,997,713.02 7,342,497.27 EIB 161 KV Substation project* - - - - - - - - - 1,921,310.18 1,921,310.18 38,508,293.69 40,429,603.87 Year End Total 1,400.00 732,928.09 953,269.29 206,081.69 17,060.88 211,712.52 7,200.00 93,754.66 211,305.89 3,376,430.54 5,811,143.56 107,810,707.92 113,621,851.48 Add: Bank charges 1,515.00 14,676.00 16,191.00 Grand Total 5,812,658.56 107,825,383.92 113,638,042.48 28