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.
Detalhes
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Data do documento
2011/10/18
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TIpo de documento
Documento do projeto
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No. do relatório
64978
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Nº do volume
1
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Total Volume(s)
2
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País
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Região
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Data de divulgação
2011/11/02
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Disclosure Status
Disclosed
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Nome do documento
Main report
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Palavras-chave
electric cooperative;extension of closing date;reallocation of proceeds;commercial lending;leverage ratio;loss reduction;energy regulatory commission;Credit Risk Rating;energy efficiency improvement;removal of barrier;energy efficiency investment;volume of investment;commercial bank lending;private sector entities;expense category;reserve account;accrued interest;incremental cost;asset finance;extension period;bank participation;investment location;price change;grant funds;site visits;guarantee fund;social aspect;principal interest;institutional factor;audit reporting;program monitoring;escrow account;market demand;program development;national electrification;operational work;term loan;power supply;
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