The Rural Power Project is the first phase of an Adaptable Program Loan (APL) by the World Bank to the Philippine Government.

The total program cost is US$233 Million with the initial four-year phase (APL 1) costing US$26.8 Million. The objective of the Project is to support the implementation of the Rural Power Development Program aimed at supporting the reforms and priority investments to improve the quality of life in the rural areas through the provision of adequate, affordable and reliable energy services.

Specifically, under APL1, the Project would (a) test and demonstrate viable business models that maximize leverage of public resources with private investment for decentralized electrification, (b) support the transformation of electric cooperatives through institutional and operational improvements; and (c) avoid CO2 emmissions.

The main project components include (a) rural electrification component; (b) partial credit risk guarantee component; and, (c) capacity building component, focusing on reduction of market barriers to the commercialization of renewable energy. >>>more