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Philippines - Electric Cooperative System Loss Reduction Project : restructuring : Main report (Inglês)

The objective of the Electric Cooperative System Loss Reduction Project is to achieve significant and sustained energy efficiency improvements in Electric Cooperatives (ECs) in order to provide current and prospective viable EC customers with reliable and least-cost power supply over the long term. This restructuring paper is in response to a request by the Department of Finance of the Republic of the Philippines. The reallocation of proceeds does not result in a change either to the project development objective or to project activities as described in the Global Environment Facility (GEF) grant agreements. This is the first request for an extension of closing date for these grants. Given the availability of the remaining grant funds, a better approach will be to provide an extension of the closing date.

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