The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Grid-Connected Rooftop Solar Program (P155007) SOUTH ASIA | India | Energy & Extractives Global Practice | Requesting Unit: SACIN | Responsible Unit: ISAE1 IBRD/IDA | Program-for-Results Financing | FY 2016 | Team Leader(s): Amit Jain, Mani Khurana, Simon J. Stolp Seq No: 7 | ARCHIVED on 13-Dec-2019 | ISR39070 | Created by: Shalini Agrawal on 23-Oct-2019 | Modified by: Shalini Agrawal on 25-Nov-2019 Program Development Objectives Program Development Objective (from Program Appraisal Document) The PDO is to increase installed capacity of Grid-connected Rooftop Solar Photovoltaic (GRPV) and to strengthen the capacity of relevant institutions for GRPV. The Program Environmental Objective (PEO) is to achieve reductions in GHG emissions through the displacement of thermal energy with solar energy. Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Implementation Status and Key Decisions After due consideration. World Bank has amended the formula for the fourth year of Program implementation for the second disbursement linked indicator set forth in Schedule 3 to the IBRD Loan Agreement Under the TA program, the Project Management Consultant is now working with SBI and Ministry of New and Renewable Energy to implement the sector-wide capacity development program which will improve the business environment for solar roof top investment. Several flagship activities have been implemented which are now being expanded in close cooperation with state agencies. They include, development of comprehensive model regulations for grid-interactive distributed renewable energy sources which were endorsed by the Forum of Regulators, demand aggregation of rooftop solar, streamlining of the rooftop solar application process through digitalization, awareness-raising through the development of national level media outreach campaigns, and capacity building of the stakeholders, among others. This will ensure the growth of rooftop sector beyond the Bank’s program. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P155007 IBRD-86110 Effective USD 500.00 500.00 0.00 333.90 166.10 67% P155007 TF-A2023 Effective USD 5.00 5.00 0.00 5.00 0.00 100% P155007 TF-A2401 Effective USD 120.00 120.00 0.00 75.11 44.90 63% Key Dates (by loan) 12/13/2019 Page 1 of 6 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P155007 IBRD-86110 Effective 13-May-2016 30-Jun-2016 28-Sep-2016 30-Nov-2021 30-Nov-2021 P155007 TF-A2023 Effective 13-May-2016 30-Jun-2016 28-Sep-2016 30-Nov-2021 30-Nov-2021 P155007 TF-A2401 Effective 13-May-2016 30-Jun-2016 28-Sep-2016 30-Nov-2021 30-Nov-2021 Program Action Plan Monitor compliance with MNRE’s Quality Assurance and Quality Control requirements, as basic standards applicable Action Description to the market. Source DLI# Responsibility Timing Timing Value Status Client Due Date 31-Dec-2019 Not Yet Due Completion Measurement Comments Action Description Include the Grid Connected Solar Rooftop Program in the existing complaints handling mechanism of SBI. Source DLI# Responsibility Timing Timing Value Status Client Due Date 02-Apr-2018 Completed Completion Measurement Comments Action Description Implement the procedures identified in the ESSA to manage environmental and social issues and risks. Source DLI# Responsibility Timing Timing Value Status Client Due Date 31-Dec-2019 Not Yet Due Completion Measurement Comments Risks Systematic Operations Risk-rating Tool 12/13/2019 Page 2 of 6 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Low Low Low Macroeconomic Low Low Low Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Substantial Moderate Moderate Institutional Capacity for Implementation and Sustainability Moderate Moderate Moderate Fiduciary Moderate Moderate Moderate Environment and Social Moderate Moderate Moderate Stakeholders Substantial Moderate Moderate Other -- Moderate Moderate Overall Substantial Moderate Moderate Results PDO Indicators by Objectives / Outcomes Capacity of GRPV connected to the grid (Megawatt, Custom) IN00759467 ►Capacity of GRPV connected to the grid (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 218.00 218.00 250.00 Date 30-Sep-2016 02-Sep-2019 02-Sep-2019 30-Nov-2021 Comments Reduction of Carbon emissions IN00759468 ►GHG emissions (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,200.00 Date 19-Sep-2016 07-Dec-2018 26-Nov-2019 30-Nov-2021 Comments Intermediate Results Indicators by Results Areas Launch of Rooftop Solar PV program at SBI and development of internal procedures for the identification, risk assessment, appraisal and approval of rooftop solar projects. IN00759521 12/13/2019 Page 3 of 6 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) ►Launch of Rooftop Solar PV program at SBI and development of internal procedures for the identification, risk assessment, appraisal and approval of rooftop solar projects (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 Done Done One time Date 13-May-2016 21-Jul-2016 21-Jul-2016 30-Nov-2021 Comments Implementation of TA and capacity building program for discoms, SNAs, SERCs etc. IN00759522 ►Implementation of TA and capacity building program for discoms, SNAs, SERCs etc. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target work ongoing in 17 work ongoing in 17 States on demand States on demand Value 0.00 TA completed aggregation, policy and aggregation, policy and regulatory matter regulatory matter Date 13-May-2016 02-Sep-2019 02-Sep-2019 30-Nov-2021 Year 1: Contract signed with consultant. Year 2: Phase 1 of TA completed. Year 3: Phase 2 of TA Comments completed. Amount rooftop solar loans approved by SBI IN00759523 ►Amount rooftop solar loans approved by SBI (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 300,000,000.00 211,440,000.00 625,000,000.00 Date 13-May-2016 07-Dec-2018 31-Oct-2019 30-Nov-2021 Loans approved means sanctioned by SBI. The value has reduced from earlier USD 300 million, Since the three major sanctions previously made (namely Tata Power Renewables, Hinduja Renewables and JSW Comments Solar) amounting to US$ 178.19 million have been dropped from the sanctioned projects’ list. Amount of additional equity financing from private sources mobilized by SBI IN00759524 ►Amount of additional equity financing from private sources mobilized by SBI (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100,000,000.00 89.65 265.00 Date 13-May-2016 07-Dec-2018 13-Nov-2019 30-Nov-2021 Comments Phase 2 of SBI’s Rooftop Solar PV program launched IN00759469 12/13/2019 Page 4 of 6 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) ►Phase 2 of SBI’s Rooftop Solar PV program launched (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 Not yet due Not yet due Completed Date 13-May-2016 30-Nov-2017 30-Nov-2017 30-Nov-2021 Comments Capacity (MW) of GRPV orders IN00759525 ►Capacity (MW) of GRPV orders (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 575.00 432.00 600.00 Date 13-May-2016 07-Dec-2018 16-Sep-2019 30-Nov-2021 Comments Capacity of rooftop solar installed and commissioned under the program (MW) IN00759470 ►Capacity of rooftop solar installed and commissioned under the program (MW) (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 218.00 218.00 500.00 Date 13-May-2016 02-Sep-2019 02-Sep-2019 30-Nov-2021 Comments Disbursement Linked Indicators DLI_IND_TABLE ►DLI 1 DLI 1: Establishing a Rooftop Solar PV Program at the State Bank of India. (Intermediate Outcome, 5,000,000.00, 100%) Baseline Actual (Previous) Actual (Current) till Nov 30, 2021 Value 0.00 5,000,000.00 5,000,000.00 5,000,000.00 Date 13-May-2016 02-Sep-2019 02-Sep-2019 -- Comments ►DLI 2 DLI 2: Technical assistance to key stakeholders for the implementation of MNRE’s GRPV program (Intermediate Outcome, 13,000,000.00, 67%) Baseline Actual (Previous) Actual (Current) till Nov 30, 2021 12/13/2019 Page 5 of 6 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Value 0.00 8,670,000.00 8,670,000.00 13,000,000.00 Date 13-May-2016 02-Sep-2019 02-Sep-2019 -- Comments ►DLI 3 DL3: Aggregate amounts of loans signed by SBI for the financing of solar (PV) rooftop power generation schemes. (Intermediate Outcome, 298,750,000.00, 0%) Baseline Actual (Previous) Actual (Current) till Nov 30, 2021 Value 0.00 44,690,000.00 176,320,000.00 298,750,000.00 Date 13-May-2016 07-Dec-2018 17-Sep-2018 -- Comments ►DLI 4 DLI 4: Piloting new business models (Outcome, 10,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) till Nov 30, 2021 Value 0.00 0.00 0.00 10,000,000.00 Date 13-May-2016 02-Sep-2019 02-Sep-2019 -- Comments ►DLI 5 DLI 5: Megawatts of solar (PV) rooftop power generation installed and commissioned under SBI financing (Output, 300,000,000.00, 8%) Baseline Actual (Previous) Actual (Current) till Nov 30, 2021 Value 0.00 22,560,000.00 231,110,000.00 300,000,000.00 Date 13-May-2016 07-Dec-2018 17-Sep-2018 -- Comments ►DLI 6 DLI 6: Sustainability of GRPV program (Outcome, 20,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) till Nov 30, 2021 Value 0.00 0.00 0.00 20,000,000.00 Date 13-May-2016 02-Sep-2019 02-Sep-2019 -- Comments 12/13/2019 Page 6 of 6