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Theun-Hinboun Hydropower Project (Loan 1329-LAO[SF])

Theun-Hinboun Hydropower Project (Loan 1329-LAO[SF])

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11/15/2012

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ASIAN DEVELOPMENT BANK
PPA: LAO 27325
 
PROJECT PERFORMANCE AUDIT REPORTON THETHEUN-HINBOUN HYDROPOWER PROJECT(Loan 1329-LAO[SF])IN THELAO PEOPLE’S DEMOCRATIC REPUBLIC
November 2002
 
CURRENCY EQUIVALENTS
Currency Unit – kip (KN)
At Appraisal At Project Completion At Operations Evaluation
(October 1994) (December 2000) (August 2002)KN1.00 = $0.001389 $0.000122 $0.000095$1.00 = KN720 KN8,218 KN10,480
ABBREVIATIONS
 ADB
Asian Development Bank ADF
Asian Development FundEdL
Electricité du LaosEGAT
Electricity Generating Authority of ThailandEIA
environmental impact assessmentEIRR
economic internal rate of returnEMCO
Environmental Management Committee OfficeEMD
Environmental Management DivisionEMP
environmental management planFIRR
financial internal rate of returnLA
Loan AgreementLao PDR
Lao People’s Democratic RepublicMCP
mitigation and compensation programMDXL
MDX Lao Public Company LimitedO&M
operation and maintenanceOEM
Operations Evaluation MissionPCR
project completion reportPPA
power purchase agreementPPAR
project performance audit reportTHPC
Theun-Hinboun Power Company
WEIGHTS AND MEASURES
GWh (gigawatt-hour)
1,000,000,000 watt-hourskm
kilometer kV (kilovolt)
1,000 voltskWh
kilowatt-hour m
meter m
3
/sec
cubic meter per secondMW (megawatt)
1,000,000 wattsMWh
megawatt-hour 
NOTE
(i) The fiscal year (FY) of the Government ends on 30 September.(ii) In this report, “$” refers to US dollars.
Operations Evaluation Department, PE-610
 
CONTENTSPage
BASIC DATA iiiEXECUTIVE SUMMARY ivMAP viiI. INTRODUCTION 1 A. Rationale 1B. Formulation 1C. Purpose and Outputs 2D. Cost, Financing, and Executing Arrangements 2E. Completion and Self-Evaluation 3F. Operations Evaluation 3II. PLANNING AND IMPLEMENTATION PERFORMANCE 4 A. Formulation and Design 4B. Achievement of Outputs 6C Cost and Scheduling 7D. Procurement and Construction 7E. Organization and Management 7III. ACHIEVEMENT OF PROJECT PURPOSE 8 A. Operational Performance 8B. Performance of the Operating Entity 9C. Financial and Economic Reevaluation 10D. Sustainability 11IV. ACHIEVEMENT OF DEVELOPMENT IMPACTS AND GOALS 12 A. Environmental and Social Impacts 12B. Macroeconomic Impacts 15C. Impact on Institutions and Policy 15V. OVERALL ASSESSMENT 16 A. Relevance 16B. Efficacy 16C. Efficiency 16D. Sustainability 16E. Institutional Development and Other Impacts 17F. Overall Project Rating 17G. Assessment of ADB and Borrower Performance 17

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