IBRD LOAN: US$350 million
TERMS: Grace Period = 5 years; Maturity = 15 years
PROJECT DESCRIPTION: This project has to objectives: the first objective is to mitigate the risk of electricity supply shortages during the period of energy reform transition until around 2010. The second objective is to support the restructuring of the state-owned generation sector operated by EUAS into corporate entities and prepare them for operation in the electricity market and for subsequent privatization.
