Project Performance Audit Report on the Power Rehabilitation Project in Cambodia

ASIAN DEVELOPMENT BANK PPA:CAM 28113 PROJECT PERFORMANCE AUDIT REPORT ON THE POWER REHABILITATION PROJECT (Loan 1345-CAM[SF]) IN CAMBODIA July 2003 CURRENCY EQUIVALENTS Currency Unit – riel (KR) At Appraisal At Completion At Operations Evaluation August 1994 August 1999 April 2003 KR1.00 = $0.0004 $0.00026 $0.00025 $1.00 = KR2,500 KR3,850 KR3,950 ABBREVIATIONS ACCPAC – Accounting Package (integrated accounting software) ADB – Asian Development Bank EA – executing agency EAC – Electricity Authority of Cambodia EdC – Electricité du Cambodge EIRR – economic internal rate of return FIRR – financial internal rate of return HFO – heavy fuel oil IAP – international accounting practice IPP – independent power producer MEF – Ministry of Economy and Finance MIME – Ministry of Industry, Mines and Energy O&M – operation and maintenance OEM – Operations Evaluation Mission PCR – project completion report PPAR – project performance audit report SCF – standard conversion factor SDR – special drawing rights TA – technical assistance UNDP – United Nations Development Programme VAT – value added tax WB – World Bank WEIGHTS AND MEASURES GWh – gigawatt-hour (1 million kWh) kV – kilovolt kWh – kilowatt-hour MW – megawatt (1 million watt) NOTES (i) The fiscal year (FY) ...