The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Bangladesh Scaling-up Renewable Energy Project (P161869) SOUTH ASIA | Bangladesh | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2019 | Seq No: 2 | ARCHIVED on 04-Dec-2019 | ISR39502 | Implementing Agencies: Infrastructure Development Company Limited (IDCOL), People's Republic of Bangladesh, Sustainable and Renewable Energy Development Authority (SREDA), Electricity Generation Company of Bangladesh (EGCB) Key Dates Key Project Dates Bank Approval Date: 01-Mar-2019 Effectiveness Date: -- Planned Mid Term Review Date: 01-Oct-2021 Actual Mid-Term Review Date: Original Closing Date: 31-Jan-2024 Revised Closing Date: 31-Jan-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to increase installed generation capacity of, and mobilize financing for, renewable energy in Bangladesh. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Feni Utility-scale Solar PV:(Cost $89.17 M) Renewable Energy Financing Facility (REFF):(Cost $320.23 M) Technical Assistance:(Cost $3.64 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO ►Satisfactory ►Satisfactory Overall Implementation Progress (IP) ►Satisfactory ►Moderately Satisfactory Overall Risk Rating ►Substantial ►Substantial Implementation Status and Key Decisions The Project was approved by the World Bank Board on March 1, 2019. The Project is not yet effective. 12/4/2019 Page 1 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance ►Substantial ►Substantial ►Substantial Macroeconomic ►Moderate ►Moderate ►Moderate Sector Strategies and Policies ►Moderate ►Moderate ►Moderate Technical Design of Project or Program ►Substantial ►Substantial ►Substantial Institutional Capacity for Implementation and Sustainability ►Substantial ►Substantial ►Substantial Fiduciary ►Substantial ►Substantial ►Substantial Environment and Social ►Substantial ►Substantial ►Substantial Stakeholders ►Moderate ►Moderate ►Moderate Other -- -- -- Overall ►Substantial ►Substantial ►Substantial Results PDO Indicators by Objectives / Outcomes Increased installed capacity of renewable energy IN00772182 ►Generation capacity of energy constructed or rehabilitated (Megawatt, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 310.00 Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 IN00772184 ►Renewable energy generation capacity (other than hydropower) constructed under the project (Megawatt, Corporate Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 310.00 Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 12/4/2019 Page 2 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Financing mobilized for renewable energy IN00772183 ►Private capital mobilized (US$) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 120,000,000.00 Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 Comments: This indicator measures the amount of private finance leveraged by the REFF. Intermediate Results Indicators by Components Feni Utility-Scale Solar PV IN00772185 ►Net greenhouse gas emissions (Tones/year, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 58,000.00 Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 IN00772213 ►Number of women employed in the Project by EGCB and its EPC contractor (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 40.00 Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 This indicator measures the number of women employed in the Project by EGCB and its EPC contractor, including women Comments: from the local communities that are thus gaining alternative livelihood. Renewable Energy Financing Facility IN00772211 ►Net greenhouse gas emissions (Tones/year, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 319,000.00 Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 IN00772214 ►Investment mobilized for renewable energy generation capacity (US$) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 212,000,000.00 12/4/2019 Page 3 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 This indicator measures the investment mobilized by the REFF from other sources for renewable energy generation Comments: capacity (US$) IN00772216 ►REFF portfolio at risk (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4.00 Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 Comments: Percentage of non-performing loans in the IDCOL managed REFF sub-project portfolio. IN00772217 ►Share of end-users expressing satisfaction with rooftop PV systems due to the improvement in electricity service (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 The indicator measures the share of REFF rooftop PV sub-project end-users expressing satisfaction with rooftop PV Comments: systems, due to the improvement in electricity service in terms of quality (e.g. interruptions/unavailability) and cost of electricity. IN00772218 ►Share of women benefiting from outreach initiatives by IDCOL (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 This indicator measures the share of women benefiting from outreach activities by IDCOL. This includes women Comments: participating in marketing, training, capacity building, outreach, awareness raising etc. activities of IDCOL. Technical Assistance IN00772212 ►Waste-to-energy pilot construction completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 Comments: This indicator monitors whether the waste-to-energy pilot supported by Component 3 has been completed. IN00772215 ►Share of women benefiting from capacity building by SREDA (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 12/4/2019 Page 4 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Date 01-Jan-2019 16-May-2019 19-Nov-2019 31-Jan-2024 This indicator measures the share of women benefiting from capacity building by SREDA. This includes women Comments: participating in training, capacity building, outreach, awareness raising etc. activities of SREDA. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P161869 IDA-63630 USD 156.00 156.00 0.00 0.00 154.74 0% Effective Not P161869 TF-A7640 USD 26.38 26.38 0.00 0.00 26.38 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P161869 IDA-63630 01-Mar-2019 29-Aug-2019 -- 31-Jan-2024 31-Jan-2024 Effective Not P161869 TF-A7640 01-Mar-2019 29-Aug-2019 -- 31-Jan-2024 31-Jan-2024 Effective Cumulative Disbursements 12/4/2019 Page 5 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/4/2019 Page 6 of 6