Promoting Structural Reform Energy Sector Reduction in energy network loss (12% World Bank providing Electricity tariffs will be adjusted to GoT with donor support (ADB, by September 2013 from baseline 14.8%) extensive TA and analytical introduce a lifeline tariff and WB & AusAID) (EU) support for energy sector improve incentives for efficient reform in electricity and generation, as recommended by Achievement of specified renewable petroleum sectors. the recently completed tariff energy generation targets (4% of total review. energy supplied to the grid by June 2013 from baseline of 0%). (EU) Reduction in energy network loss GoT with donor support (EU) (11% by September 2014 from baseline 14.8%). Achievement of specified GoT with support (EU) renewable energy generation targets (14.5% of total energy supplied to the grid by June 2014 from baseline of 0%). SOE Reform Government will develop a policy IFC to provide transaction Transaction for private GoT with donor support (ADB, framework, complete due diligence advice for IDH process, participation in the operation of WB & AusAID) processes, and issue Requests for including advice on PPP the International Dateline will Proposals for private participation in options. be complete. operation of the International Dateline Hotel, on a management or lease WB TA provided for private Cabinet approve a restructuring GoT/Cabinet with donor support contract basis. (ADB, WB & AusAID) participation in TDB and plan for Waste Authority Limited (ADB) expansion of TDB operations and Tonga Water Board for either Liquidation of Tonga Investments Limited into commercial banking. partial privatization, liquidation or and sale of Home Gas Retail operations operational separation of is completed. (ADB) ADB PSDI assistance regulatory and non-regulatory provided to Ministry of Public responsibilities. Liquidate Tonga Print or merge part of its Enterprises on public business activities (and relevant assets) Implementation of the TCC enterprise reform. GoT with donor support (ADB) with Tonga Post, whichever will achieve restructuring plan commenced. the greatest financial value for the shareholder and is consistent with the Communications, Tonga GoT with donor support (ADB) requirements of the Public Enterprises Power Limited, Tonga Act. (ADB) Development Bank and Ports
Promoting Structural Reform Energy Sector Reduction in energy network loss (12% by September 2013 from baseline 14.8%) (EU) Achievement of specified renewable energy generation targets (4% of total energy supplied to the grid by June 2013 from baseline of 0%). (EU) World Bank providing extensive TA and analytical support for energy sector reform in electricity and petroleum sectors. Electricity tariffs will be adjusted to introduce a lifeline tariff and improve incentives for efficient generation, as recommended by the recently completed tariff review. Reduction in energy network loss (11% by September 2014 from baseline 14.8%). Achievement of specified renewable energy generation targets (14.5% of total energy supplied to the grid by June 2014 from baseline of 0%). GoT with donor support (ADB, WB & AusAID) GoT with donor support (EU) GoT with support (EU) SOE Reform Government will develop a policy framework, complete due diligence processes, and issue Requests for Proposals for private participation in operation of the International Dateline Hotel, on a management or lease contract basis. (ADB, WB & AusAID) Liquidation of Tonga Investments Limited and sale of Home Gas Retail operations is completed. (ADB) Liquidate Tonga Print or merge part of its business activities (and relevant assets) with Tonga Post, whichever will achieve the greatest financial value for the shareholder and is consistent with the requirements of the Public Enterprises Act. (ADB) IFC to provide transaction advice for IDH process, including advice on PPP options. WB TA provided for private participation in TDB and expansion of TDB operations into commercial banking. ADB PSDI assistance provided to Ministry of Public Enterprises on public enterprise reform. Transaction for private participation in the operation of the International Dateline will be complete. Cabinet approve a restructuring plan for Waste Authority Limited and Tonga Water Board for either partial privatization, liquidation or operational separation of regulatory and non-regulatory responsibilities. Implementation of the TCC restructuring plan commenced. Communications, Tonga Power Limited, Tonga Development Bank and Ports GoT with donor support (ADB, WB & AusAID) GoT/Cabinet with donor support (ADB) GoT with donor support (ADB) GoT with donor support (ADB)