Evaluation of the Public Utilities Policy as Applied to the Electricity Sector (PUP-E)

Jan 2007
This report (RE-326) evaluates the Public Utilities Policy governing Bank operations in the electricity sector (PUP-E). The evaluation covers all Bank activities between 1997 and 2005 that were directed toward the electricity sector, either wholly or in part, as well as operations prior to the PUP's approval (1990-1996) that incorporated its underlying principles. The methodology included an analysis of: documents produced for approved operations, the Bank's monitoring and oversight reports (Project Performance Monitoring Reports, Project Completion Reports), and pre-existing OVE evaluations. It also included a comprehensive literature review, as well as a comparative analysis of the reform process in the individual countries' electricity sectors, the scale of Bank intervention, and attainment of PUP development objectives.