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: GEE06 IBRD/IDA | Program-for-Results | FY 2016 | Team Leader(s): Simon J. Stolp, Amit Jain, Mani Khurana Seq No: 4 | ARCHIVED on 22-Jun-2018 | ISR32021 | Created by: Shalini Agrawal on 29-Mar-2018 | Modified by: Shalini Agrawal on 20-Jun-2018 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 SBI has so far sanctioned projects with aggregate credit facilities of US $315 Million (this does not include in principal approvals) under the program, which would add 600+ MW of solar rooftop capacity to the grid. The mission sought details of all loans sanctioned under the GRPV program and details of pipeline projects. Further, the mission has sought the details of expected disbursement under the GRPV program with tentative timeline. 6/22/2018 Page 1 of 9 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) 6/22/2018 Page 2 of 9 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) 6/22/2018 Page 3 of 9 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 P155007 IBRD-86110 Effective USD 500.00 500.00 0.00 154.74 345.26 31% 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 45.83 74.17 38% P160018 TF-A3753 Effective USD 22.94 22.94 0.00 8.67 14.27 38% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Program Action Plan Monitor compliance with MNRE’s Quality Assurance and Quality Control requirements, as basic standards applicable Action Description to the market. Responsibility Recurrent Frequency Due Date DLI# Status Client No 31-Dec-2019 Not Yet Due Comments Action Description Include the Grid Connected Solar Rooftop Program in the existing complaints handling mechanism of SBI. Responsibility Recurrent Frequency Due Date DLI# Status Client No 02-Apr-2018 Completed Comments Action Description Implement the procedures identified in the ESSA to manage environmental and social issues and risks. Responsibility Recurrent Frequency Due Date DLI# Status Client No 31-Dec-2019 Not Yet Due Comments 6/22/2018 Page 4 of 9 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) 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 Moderate Moderate Moderate Technical Design of Project or Program Substantial Substantial Moderate Institutional Capacity for Implementation and Sustainability Moderate Moderate Moderate Fiduciary Moderate Moderate Moderate Environment and Social Moderate Moderate Moderate Stakeholders Substantial Substantial Moderate Other -- -- Moderate Overall Substantial Substantial Moderate RiskComments Comments SBI has established a solar rooftop team and has sanctioned $315 m projects. More than 60 MW projects has already been commissioned. With this experience, overall risk rating of the project has been revised to Moderate. Results PDO Indicators by Objectives / Outcomes Capacity of GRPV connected to the grid (Megawatt, Custom) ►Capacity of GRPV connected to the grid (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 60.00 250.00 Date 30-Sep-2016 -- 05-Apr-2018 30-Nov-2021 Reduction of Carbon emissions ►GHG emissions (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/22/2018 Page 5 of 9 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Value 0.00 -- 0.00 1,200.00 Date 19-Sep-2016 -- 05-Apr-2018 30-Nov-2021 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. ►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 Implementation of TA and capacity building program for discoms, SNAs, SERCs etc. ►Implementation of TA and capacity building program for discoms, SNAs, SERCs etc. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Consultants hired and Consultants hired and Value 0.00 Business plan TA completed Business plan submitted submitted Date 13-May-2016 30-Nov-2017 30-Nov-2017 30-Nov-2021 Amount rooftop solar loans approved by SBI ►Amount rooftop solar loans approved by SBI (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 356.00 315,000,000.00 625,000,000.00 Date 13-May-2016 30-Nov-2017 30-Nov-2017 30-Nov-2021 Amount of additional equity financing from private sources mobilized by SBI ►Amount of additional equity financing from private sources mobilized by SBI (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 80.00 100,000,000.00 265.00 Date 13-May-2016 30-Nov-2017 30-Nov-2017 30-Nov-2021 6/22/2018 Page 6 of 9 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Capacity (MW) of GRPV orders ►Capacity (MW) of GRPV orders (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 575.00 575.00 600.00 Date 13-May-2016 30-Nov-2017 30-Nov-2017 30-Nov-2021 Phase 2 of SBI’s Rooftop Solar PV program launched ►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 Capacity of rooftop solar installed and commissioned under the program (MW) ►Capacity of rooftop solar installed and commissioned under the program (MW) (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 40.00 60.00 500.00 Date 13-May-2016 30-Nov-2017 30-Nov-2017 30-Nov-2021 Disbursement Linked Indicators DLI_IND_TABLE ►DLI 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 -- Date 13-May-2016 -- 05-Apr-2018 -- Comments ►DLI DLI 2: Technical assistance to key stakeholders for the implementation of MNRE’s GRPV program (Intermediate Outcome, 13,000,000.00, 67%) 6/22/2018 Page 7 of 9 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Baseline Actual (Previous) Actual (Current) till Nov 30, 2021 Value 0.00 -- 13,000,000.00 -- Date 13-May-2016 -- 09-Aug-2017 -- Comments ►DLI DL3: Aggregate amounts of loans signed by SBI for the financing of solar (PV) rooftop power generation schemes. (Intermediate Outcome, 298,750,000.00, 7%) Baseline Actual (Previous) Actual (Current) till Nov 30, 2021 Value 0.00 -- 21,760,000.00 -- Date 13-May-2016 -- 05-Apr-2018 -- Comments ►DLI 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 -- Date 13-May-2016 -- -- -- Comments ►DLI 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 -- Date 13-May-2016 -- 05-Apr-2018 -- Comments ►DLI 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 -- 6/22/2018 Page 8 of 9 The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Date 13-May-2016 -- 05-Apr-2018 -- Comments 6/22/2018 Page 9 of 9