Public Disclosure Copy 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 | IBRD/IDA | Program-for-Results | FY 2016 | Seq No: 1 | ARCHIVED on 24-Aug-2016 | ISR23942 | Implementing Agencies: Ministry of New and Renewable Energy Program Development Objectives Program Development Objective (from Program-for-Results Appraisal Document) The PDO is to increase installed capacity of 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  --  Moderately Satisfactory Overall Implementation Progress (IP)  --  Moderately Satisfactory Overall Risk Rating  --  Substantial Implementation Status and Key Decisions The project was approved by the World Bank Board on May 13, 2016. The legal agreements have been signed by all parties on June 30, 2016. The project is expected to be made effective on or before September 28, 2016. 8/24/2016 Public Disclosure Copy Page 1 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) 8/24/2016 Public Disclosure Copy Page 2 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) 8/24/2016 Public Disclosure Copy Page 3 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed Not P155007 IBRD-86110 USD 500.00 500.00 0.00 0.00 500.00 0% Effective Not P155007 TF-A2401 USD 120.00 120.00 0.00 0.00 120.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P155007 IBRD-86110 13-May-2016 30-Jun-2016 -- 30-Nov-2021 -- Effective Not P155007 TF-A2401 13-May-2016 30-Jun-2016 -- 30-Nov-2021 -- Effective Disbursement Linked Indicators (DLI) PHDLIPDOTBL  DLI 1: Establishing a Rooftop Solar PV Program at the State Bank of India. (Text) Baseline Actual (Previous) Actual (Current) Value N/A -- -- Date 13-May-2016 -- -- PHDLIPDOTBL  DLI 2: Technical assistance to key stakeholders for the implementation of MNRE’s GRPV program (Text) Baseline Actual (Previous) Actual (Current) Value N/A -- -- Date 13-May-2016 -- -- PHDLIPDOTBL  DL3: Aggregate amounts of loans signed by SBI for the financing of solar (PV) rooftop power generation schemes. (Amount(USD)) Baseline Actual (Previous) Actual (Current) Value 0.00 -- -- 8/24/2016 Public Disclosure Copy Page 4 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Date 13-May-2016 -- -- Comments Minimum US$ 80 million in loans for PV rooftop installations, over and above Year 3 loans, signed PHDLIPDOTBL  DLI 4: Piloting new business models (Amount(USD)) Baseline Actual (Previous) Actual (Current) Value 0.00 -- -- Date 13-May-2016 -- -- Comments Minimum US$ 15 million in loans for PV rooftop installations to SMEs and/or NBFCs signed PHDLIPDOTBL  DLI 5: Megawatts of solar (PV) rooftop power generation installed and commissioned under SBI financing (Megawatt) Baseline Actual (Previous) Actual (Current) Value 0.00 -- -- Date 13-May-2016 -- -- Comments Minimum 100MW capacity installed and commissioned PHDLIPDOTBL  DLI 6: Sustainability of GRPV program (Text) Baseline Actual (Previous) Actual (Current) Value N/A -- -- Date 13-May-2016 -- -- Results Results Area Intermediate Results Area Project Development Objective Indicators 8/24/2016 Public Disclosure Copy Page 5 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Overall Comments Intermediate Results Indicators Overall Comments 8/24/2016 Public Disclosure Copy Page 6 of 6