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- Electricity Distribution Rehabilitation and Loss Reduction Program Phase III
Electricity Distribution Rehabilitation and Loss Reduction Program Phase III
Dominican Republic
| Borrower | Dominican Republic |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Energy |
| Approved | 19.03.2018 |
| Signed | 20.12.2018 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Corporacion Dominicana de Empresas Electricas Estatales (CDEEE) |
| Co-financiers | CAF, Government |
| OPEC Fund Contribution (US$m) | 75.00 |
| Total Project Cost (US$m) | 165.00 |
To rehabilitate high-priority circuits across the country and install around 1,050 km of distribution networks with the view of reaching 607,500 users. The program also contains a component to strengthen the commercial management of electricity to reduce losses and boost revenues. Phases I and II were also co-financed by OFID with US$90 million in funding.