ADVISORY SUPPORT TO HIGHER COUNCIL FOR PRIVATISATION (HCP) TO CORPORATIZE AND RESTRUCTURE ELECTRICITE DU LIBAN (EDL)

The project consists of Restructuring of Electricité De Liban (EDL) . The main objectives of the restructuring plan are:

To reduce the sector’s dependence on government subsidies, particularly at a time when Government budgetary resources are strained because of the cost of reconstruction in other sectors.
To improve the quality of power supply to consumers.
To cover a part of the sector’s investment needs through private financing.

The objective is to assist the HCP in the corporatisation and restructuring of EdL, including support to all required related activities, in order to lay the ground for future privatisation of the sector. The assignment will lead to the creation of an entity or group of entities called “New EdL”.

Services undertaken include:

PHASE I

Task 1: Project planning, Review current situation of EdL and previous studies, International experience and key issues for restructuring
Task 2: Recommendations on new industry structure, Development of new industry model, Identification of rules, codes, agreements required by new industry structure, Guidelines for rules, Guidelines for grid code, Guidelines for distribution code, Guidelines for performance standards, Guidelines for agreements required, Guidelines for contracts (vesting / PPAs), Establish boundaries of NBUs, Organisation structure for each NBU
Task 3: Investment plan for sector expansion, Business plan for each NBU Governance, criteria for selecting Board and Management, Assets valuation and allocation to NBUs, Assets and liabilities transfer to NBUs, Capitalisation structure for NBUs

PHASE II

Task 4: Set up task force from EdL to assist with restructuring process, Implementation charters, Strategic support to new EdL resources, Readiness assessment of organisation for launch, Transfer of employees to new EdL, Assessment of capacity building required for new sector structure in NBUs, Proposal of training plan.