Public Disclosure Copy The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) Shared Infrastructure for Solar Parks Project (P154283) SOUTH ASIA | India | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 3 | ARCHIVED on 22-Jun-2018 | ISR32673 | Implementing Agencies: Indian Renewable Energy Development Agency Limited, Indian Renewable Energy Development Agency Limited Key Dates Key Project Dates Bank Approval Date:30-Mar-2017 Effectiveness Date:31-Jan-2018 Planned Mid Term Review Date:04-Nov-2019 Actual Mid-Term Review Date:-- Original Closing Date:31-Jul-2022 Revised Closing Date:31-Jul-2022 Project Development Objectives Project Development Objective (from Project Appraisal Document) The proposed development objective is "to increase solar generation capacity through the establishment of large-scale solar parks in the country". Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1: Shared Infrastructure for Solar Parks (estimated total project cost: US$198 million of which IBRD Loan: US$75 million and CTF Loan: US$23 million):(Cost $98.00 M) Component 2 - Technical Assistance (Estimated Cost: US$2 million of which CTF Grant:US$2 million):(Cost $2.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions This is the third ISR after the approval of the project on March 30, 2017. The loan signing happened on November 20, 2017 and the loan was declared 6/22/2018 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) effective on January 31, 2018. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Low  Low  Low Macroeconomic  Low  Low  Low Sector Strategies and Policies  Substantial  Substantial  Substantial 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  Moderate  Moderate  Moderate Stakeholders  Moderate  Moderate  Moderate Other  --  --  -- Overall  Substantial  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Generation Capacity of Renewable Energy (other than hydropower) constructed (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 250.00 1,750.00 Date 01-Apr-2016 01-Dec-2017 31-May-2018 31-Mar-2022 PHINDPDOTBL  Generation Capacity of Renewable Energy constructed-Solar (Megawatt, Custom Breakdown) 6/22/2018 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 250.00 1,750.00 Date 01-Apr-2016 01-Dec-2017 31-May-2018 31-Mar-2022 PHINDPDOTBL  GHG Emissions Reduction (Tons of CO2 equivalent per year) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 342.00 6,300.00 Date 01-Apr-2016 01-Dec-2017 31-May-2018 31-Mar-2022 Overall Comments 250 MW Mandsaur solar park was commissioned in September 2017. Intermediate Results Indicators PHINDIRITBL  Investment mobilized in solar projects in solar parks under the project (US$ Million) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 755.00 1,428.00 Date 01-Apr-2016 01-Dec-2017 31-May-2018 31-Mar-2022 PHINDIRITBL  Grievances received that are addressed within two months of receipt (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 01-Apr-2016 01-Dec-2017 31-May-2018 31-Mar-2022 Overall Comments 6/22/2018 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) Total investments mobilized by Rewa (US$555 mn) and Mandsaur (US$200 mn) solar projects (excluding solar parks investment) stand at US$755 million. With regard to indicator on grievances, as grievance redressal cell was established on May 30, 2018, the data for this indicator is not available. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P154283 IBRD-87370 Effective USD 75.00 75.00 0.00 0.94 74.06 1.3% P154283 TF-A4639 Effective USD 2.00 2.00 0.00 0.00 2.00 0% P154283 TF-A4648 Effective USD 23.00 23.00 0.00 0.25 22.75 1.1% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P154283 IBRD-87370 Effective 30-Mar-2017 20-Nov-2017 31-Jan-2018 31-Jul-2022 31-Jul-2022 P154283 TF-A4639 Effective 20-Nov-2017 20-Nov-2017 31-Jan-2018 31-Jul-2022 31-Jul-2022 P154283 TF-A4648 Effective 30-Mar-2017 20-Nov-2017 31-Jan-2018 31-Jul-2022 31-Jul-2022 Cumulative Disbursements 6/22/2018 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) Restructuring History Level 2 Approved on 22-Aug-2017 Related Project(s) There are no related projects. 6/22/2018 Page 5 of 5 Public Disclosure Copy