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Africa - Felou Hydroelectric Project (Inglês)

Ratings for the Felou Hydroelectric Project (HEP) for Africa were as follows: outcomes were moderately satisfactory, risk to development outcome was moderate, Bank performance was moderately satisfactory, and Borrower performance was moderately satisfactory. Some lessons learned included: although there is more to be done and additional capacity building measures can have been incorporated into the project, Manantali Energy Management Company (SOGEM) has gained experience and know-how from the implementation of the Felou HEP, including interactions with large contractors, consultants, and donors. The highlight of the Felou project implementation is the inordinate amount of time taken on a two-stage bidding process to contract the design-build contractor and the economic losses incurred as a consequence. The existing state of play is a threat to the development of Senegal River Basin Development Organization (OMVS) and its three participating utilities but also to the future of the West Africa power pool (WAPP). This regional electric power arrangement cannot develop into a market unless the electricity sellers have some assurance that they will be paid. Most attempts to have the operation and maintenance (O and M) responsibility borne by a separate (often foreign) firm which has no long term interest in the project’s performance in term of reliability, safety, durability, etc. have not been fully satisfying as the Manantali experience has shown. This option will obviously require providing a strong technical and organizational support to this entity for some years, with the main objective of increasing the company’s own capacity to eventually be able to operate largely in an autonomous manner. Two financial covenants were imposed on SOGEM requiring it to maintain a level of accounts receivable of less than 90 days and to have net revenues to be at least 1.2 times the estimated maximum debt service requirements.

Detalhes

  • Data do documento

    2015/09/30

  • TIpo de documento

    Conclusão da Implementação e Relatórios sobre Resultados

  • No. do relatório

    ICR3505

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    África,

  • Região

    África,

  • Data de divulgação

    2015/12/16

  • Disclosure Status

    Disclosed

  • Nome do documento

    Africa - Felou Hydroelectric Project

  • Palavras-chave

    national power utility;generation capacity;monitoring and evaluation data;Risks and Mitigation Measures;economic and financial analysis;general public administration sector;Environmental and Social Safeguard;ip disbursements archived;energy management system;Regulation and Competition Policy;quality at entry;issue bidding documents;Exchange Rates;interest during construction;Access to Electricity;Promoting Private Sector;Thermal Power Generation;condition of effectiveness;assessment of risk;provision of service;integration market;project cycle management;fossil fuel resource;poverty reduction action;thermal generation plants;per capita consumption;outputs by components;quality of supervision;assessment of outcome;proven natural gas;Special Drawing Right;electricity supply utility;Water Resource Management;natural gas reserves;Electricite de France;power generation capacity;contract award process;increase tariff;transmission system operator;cost of delay;small hydro plant;electric power generation;supply and installation;water resource development;operations and maintenance;energy purchase agreements;private sector operator;results framework;power system;power pool;affordable energy;hydroelectric plant;peak power;financing plan;Financing plans;price contingency;consulting engineer;power station;civil works;performance testing;power supply;Energy Sector;eligibility requirement;public entity;safeguard policy;power utilities;national utility;independent contractor;total consumption;commercially sound;detailed planning;electric utilities;procurement process;payment obligation;regular payment;power exchange;Safeguard Policies;tariff increase;system operation;project approval;base price;core indicator;infrastructure platform;mutual assistance;enhanced security;tariff principle;scale economy;interconnection capacity;legal dispute;investment climate;load center;environment assessment;involuntary resettlement;dam safety;air transport;international waterway;private operator;perceived risk;fiduciary risk;transmission expansion;electricity exchange;primary purpose;regional market;generating capacity;free transit;reserve margin;transmission network;transmission facility;procurement action;project effectiveness;approval process;integration effort;resource constraint;electricity bill;financial difficulties;project financing;procurement method;transmission capacity;escrow account;hydropower potential;risk status;distinct phase;effectiveness condition;cross-border trade;financial situation;social issue;operational efficiency;remedial measure;financial problem;dollar term;advance procurement;engineering consultant;carbon finance;productive use;primary author;market access;energy endowment;external partner;stakeholder workshop;electricity production;electricity utilities;energy lending;energy source;beneficiary survey;gas-fired power;hydro resources;hydropower facility;energy resource;affordable cost;regional electricity;kilowatt hour;local capacity;human capacity;investment requirement;adequate resources;contract price;general secretary;transmission backbone;pooling risk;project costing;site preparation;electro-mechanical equipment;parallel financing;electrical equipment;price contracts;contract arrangement;contract model;market volatility;hydroelectric potential;equipment price;prospective bidder;petroleum product;hydroelectric resource;infrastructure service;national energy;Hydro Power;global environment;improving infrastructure;running cost;wealth creation;sector work;regional transmission;intermediate indicator;bill payment;baseline data;government priority;living standard;guarantee mechanism;policy reasons;hydrological data;energy shortage;private company;financing package;fund allocations;financial covenant;

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