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Corporatization of DESA :  Bangladesh :Go to Project Summary

Corporatization of DESA :  Bangladesh

Timetable  |  Financing Plan and TA Utilization


TA Name Corporatization of DESA
Country Bangladesh
TA Number 3978
Project Number 34039- 01
Fund Source/Amount[Closed]
Technical Assistance Special Fund US$850,000
Thematic Classification
Economic growth
Governance
Description The TA will assist the Government to commercialize operations of DESA, to formalize them through corporatization, and to review and design an effective organizational structure. As part of DESA's corporatization, TA will examine private sector participation options for DESCO. The overall goal is to make distribution companies more efficient and self-sustainable.


The TA will provide assistance to corporatize DESA in two phases. First, it will carry out financial and legal work necessary for transfer of assets and liabilities from DESA to a new corporatized entity, to devise organizational structure that will make its operations more efficient and commercially viable, and to devise computerized management information systems that will increase effectiveness of billing and collection and minimize theft. Second, as part of corporatization of DESA, it will examine options for divestment of DESA's shares in DESCO.
Linkage to Country/Regional Strategy The TA is included in the 2002-2004 Country Strategy and Program Update
Outcome Progress Toward Outcome
The TA will assist the Government and DESA to (i) corporatize DESA, (ii) introduce modern management information systems in the new company, and (iii) integrate the new company into the power network as a distinct power distributor. It will define the new company's relationship with other sector entities. Implementation of the subject TA is ongoing. The executing agency and ADB are exerting extra efforts to meet the objectives as per agreed schedules.
Outputs and Timeframe Status of Implementation Progress (Outputs, Activities and Issues)
The Project outputs are:

(i) New Corporation established.
(ii) Computerized financial and management information systems established
(iii) Strategy for divesting DESA's share in DESCO formulated
(iv) Financial action plans for DESCO and new company prepared
(v) Personnel policies drafted 		The services of the consulting services have been resumed and commenced in the field on 27 August 2007. ADB Mission was fielded on 25-29 August 2007 to discuss further implementation steps.
Geographical Location Dhaka, Bangladesh
Summary of Environmental and Social Issues No environmental and social issues
Responsible ADB Officer Pil-Bae Song
Responsible ADB Department South Asia Department
Responsible ADB Division Energy Division, SARD
Executing Agencies Dhaka Electric Supply Authority(DESA)
  Mr. S. M. Shamsul Alam, Chairman
  Biddut Bhabon (2nd Floor) 1 Abdul Gani Road Ramna, Dhaka-1000, Bangladesh
Timetable
Fact-finding 20 Aug 2001 to 27 Aug 2001
Approval 07 Nov 2002
Financing Plan / TA Utilization Top TA Amount
ADB Others Gov Total Approved Amount Revised Amount
$850,000.00 $0.00 $250,000.00 $1,100,000.00 $850,000.00 $608,045.63
 Total Commitment Uncommited Balance Total Disbursement Undisbursed Balance
$608,045.63 $0.00 $608,045.63 $0.00
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