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Detail of GEF Project #938

GEF Project ID938
Funding SourceGEF Trust Fund
Project NamePower and Communications Sectors Modernization and Rural Services Project (PROMEC)
RegionLatin America and Caribbean
Focal AreaClimate Change
Operational Program5; 6
Pipeline Entry Date2000-11-06
PDF-B Approval Date2000-11-06
Approval Date2001-02-12
CEO Endorsement Date2001-10-18
GEF Agency Approval Date2001-11-20
Project Completion Date2008-06-30
Project StatusProject Completion
GEF AgencyWorld Bank
Executing AgencyState Modernization Council (CONAM)
DescriptionThe Project will support the Government’s efforts to deepen pro-competition reforms in the telecommunications and electricity sectors, implement policies that will extend these services to the poor in rural areas as well as communication services for small and micro businesses, and adopt programs that foster efficient use of energy and use of RET for rural electrification. The overall project will have the following six major components: (a) Strengthening legal, regulatory and institutional framework; (b) Promotion of competition and private investment; (c) Service extension in rural and peri-urban areas, including off grid electrification with GEF financing; (d) Enhancement of energy efficiency with GEF financing; (e) Development of communications and information activities; and (f) Project coordination and management.
Implementation StatusThe project implementation is satisfactory. There has been a noteworthy improvement in project implementation and loan disbursements pace since the project mid-term review in September 2004. A detailed procurement plan and disbursement projections were reviewed and agreed upon by the mission, which show that there are reasonable prospects for the loan and GEF Grant to be fully disbursed and project development objectives overall to be met, by loan/grant closing date on June 30, 2006. However, this will require: (a) continued strong efforts and excellent coordination by CONAM and the six implementing agencies; and (b) intensive supervision by a multi-sector Bank team, with allocation of sufficient funds from BB and BBGEF.
PDF B Amount
350,000 USD
GEF Project Grant
2,150,000 USD
GEF Grant
2,500,000 USD
Cofinancing Total
24,710,000 USD
Project Cost
27,210,000 USD
GEF Agency Fees
463,000 USD
GEF Project (CEO Endo.)
2,490,000 USD
Cofinancing Total (CEO Endo.)
40,410,000 USD
Project Cost (CEO Endo.)
43,250,000 USD
Project Documents

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