69502

                   Republic of Liberia: The West African Power Pool -
      Cote D’Ivoire, Sierra Leone, Liberia and Guinea Power Interconnection Project

                                               and

           West African Power Pool the West African Power Pool Integration and
                              Technical Assistance Project

         In Support of the First Phase of the CLSG Power System Re-Development
                  Sub-Program of the WAPP APL 4 Program (Phase 1)


                                SUMMARY OF DISCUSSION∗

                                          May 31, 2012


        Executive Directors approved the credit to the Republic of Liberia in the amount of SDR
93.3 million (US$144.5 million equivalent) for a West African Power Pool (WAPP) - Côte
d’Ivoire, Sierra Leone, Liberia and Guinea (CLSG) Power Interconnection Project, and a grant to
the West African Power Pool in the amount of SDR 20.4 million (US$31.5 million equivalent)
for a West African Power Pool Integration and Technical Assistance Project on the payment
terms and conditions set out in the President’s Memorandum (IDA/R2012-0134). Directors also
approved a waiver on the application of paragraph 4 of OP 4.01 to the project.

        Directors underscored the pivotal role of the Project in supporting the strategy and efforts
of the West African Power Pool to implement a program for the integration and improvement of
power supply systems through regional cooperation. They noted the existence of significant
challenges in implementation and in governance, and in this context reiterated the need for
continued dialogue with Authorities and collaboration with other donors to ensure adherence to
project implementation timelines.

        Directors urged Authorities to finalize the institutional framework of the Regional
Transmission Company. The need to exercise diligence in the supervision of the implementation
of the project for timely and successful completion and achievement of the project development
objectives was emphasized.




∗
This summary is not an approved record.