Report and Recommendation of the President to the Board of Directors

The other implanting agencies are (i) the super ESCO for the ESCO component; and (ii) the National Electrification Administration for the components involving electric cooperatives—national residential lighting initiative except in the franchise areas of the private utilities. [...] I submit for your approval the following report and recommendation on (i) a proposed loan to the Republic of the Philippines; and (ii) proposed administration of a grant to be provided by the Asian Clean Energy Fund under the Clean Energy Financing Partnership Facility for the Philippine Energy Efficiency Project. [...] Report and Recommendation of the President to the Board of Directors on a Proposed Loan to the Republic of the Philippines for the Power Sector Restructuring Program. [...] By March 2008, the Government had finalized a 25-year concession to operate the national power grid, and the Power Sector Assets and Liabilities Management Corporation had formally approved the sale of more than 1,855 megawatts (MW) or 44% of NPC’s generation assets in support of the Government's revised target of 70% privatization before the end of 2008. [...] The plan will reduce the impact of high energy prices and the overall carbon footprint of the energy sector.