The World Bank Report No: ISR265 Implementation Status & Results Sri Lanka Public Disclosure Copy Renewable Energy for Rural Economic Development (P076702) Operation Name: Renewable Energy for Rural Economic Development Project Stage: Implementation Seq.No: 18 Status: ARCHIVED Last Modified Date: 18-Nov-2010 (P076702) Country: Sri Lanka Approval FY: 2002 Product Line: IBRD/IDA Region: SOUTH ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): DFCC Bank Key Dates Board Approval Date 20-Jun-2002 Original Closing Date 30-Jun-2008 Planned Mid Term Review Date Last Archived ISR Date 27-May-2010 Effectiveness Date 07-Oct-2002 Revised Closing Date 30-Jun-2011 Actual Mid Term Review Date 05-Sep-2005 Project Development Objectives Renewable Energy for Rural Economic Development (P076702) Project Development Objective (from Project Appraisal Document) (1) Improve the quality of rural life by utilizing off-grid renewable energy technologies to provide energy services to remote communities. (2) Promote private sector power generation from renewable energy resources for the main grid. Has the Project Development Objective been changed since Board Approval of the Program? Yes No Renewable Energy for Rural Economic Development (P077761) Global Environmental Objective (from Project Appraisal Document) To reduce atmospheric carbon emission by removing barriers and reducing implementation costs for renewable energy and removing barriers to energy efficiency. Has the Global Environmental Objective been changed since Board Approval of the Program? Public Disclosure Copy Yes No Component(s) Component Name Component Cost GRID-CONNECTED WIND, HYDRO AND BIOMASS 77.20 SOLAR PV INVESTMENTS 29.80 COMMUNITY BASED HYDRO AND BIOMASS 4.10 ENERGY EFFICIENCY AND CONSERVATION 1.10 CROSS-SECTORAL LINKS 2.80 Page 1 of 5 The World Bank Report No: ISR265 Overall Ratings Previous Rating Current Rating Public Disclosure Copy Progress towards achievement of PDO Satisfactory Satisfactory Progress towards achievement of GEO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Implementation Status Overview The credit line disbursements have reached approximately 80% and combined with commitments the cumulative is approximately 84% as of August 31, 2010. Full commitment is expected taking into consideration four to five additional mini hydro projects with a cumulative capacity of approximately 15 megawatts (MW) and one wind power project with a capacity of 10 MW positively evaluated by the Participating Credit Institutions. The Global Environment Facility (GEF) grant disbursement is approximately 89% as of August 31, 2010. Based on the above, the overall implementation progress of the RERED project is "Satisfactory." Results Project Development Objective Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Additional 85 MW of small scale renewable grid connected power 31 MW (existing small scale 166.5 MW (i.e. baseline plus 135.5 166 MW (i.e. the baseline of 31 generation capacity installed. The additional financing would support renewable grid connected power MW comissioned under the MW, plus the target of an another 50 MW of grid-connected power generation capacity generation at project start) project). additional 135 MW (including 50 Date Date MW with additional financing) Type Unit of Measure Date 07-Oct-2002 30-Sep-2010 Custom Indicator Text 30-Jun-2011 Comment Comment Comment Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Increases in income generating activities in communities that gain Baseline taken as zero. First M&E report completed (742 Evaluation of social and economic access to electricity Incremental impact measured in households / small enterprises impacts under implementation. communities that gain access to undertaking incoming generating Date energy services under the project. activities using off-grid renewable Type Unit of Measure energy service supported under 30-Jun-2011 Date Custom Indicator Text the project) Comment 07-Oct-2002 Date Comment 31-Jul-2010 Comment Page 2 of 5 The World Bank Report No: ISR265 Global Environmental Objective Indicators Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value Reduce Greenhouse Gas Emissions Emmissions reductions calculated 1.56 million tonnes est. carbon 1.25 million tonnes avoided carbon according to approved CDM abatement based on projects emmissions methodology for small scale commission to date Date (<15MW) renewable power Date Type Unit of Measure projects. 30-Jun-2011 30-Sep-2010 Comment Custom Indicator Text Date Comment 07-Oct-2002 Comment Indicator Baseline Current End Target Indicator Name Value Value Value Promote adoption of renewable energy by removing market barriers See PDO Indicators 1 and 2 above See PDO Indicators 1 and 2 above See PDO Indicators 1 and 2 above and reducing implementation costs. Date Date Date 07-Oct-2002 30-Sep-2010 30-Jun-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Text Intermediate Results Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Electricity access to 113,500 households, rural small/medium 22,685 households, enterprise and 136,015 households, enterprises, 136,185 (i.e. baseline value plus enterprises and public institutions through off-grid systems public institutions supplied with off- and public institutions supplied with an additional 113,500 from the grid renewable electricity off-grid renewable electricity Project) Public Disclosure Copy servicesmall/medium enterprises service (including baseline value) Date Type Unit of Measure and public institutions through off- Date grid systems 30-Jun-2011 Custom Indicator Text 30-Sep-2010 Date Comment Comment 07-Oct-2002 Comment Data on Financial Performance (as of 17-Sep-2010) Financial Agreement(s) Key Dates Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date Page 3 of 5 The World Bank Report No: ISR265 Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P076702 IDA-36730 Effective 20-Jun-2002 12-Jul-2002 07-Oct-2002 30-Jun-2011 Public Disclosure Copy P076702 IDA-36731 Effective 14-Jun-2007 09-Jan-2008 08-Apr-2008 30-Jun-2011 P077761 TF-51248 Effective 12-Jul-2002 12-Jul-2002 07-Oct-2002 30-Jun-2011 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P076702 IDA-36730 Effective USD 75.00 75.00 0.00 83.08 3.24 111.00 P076702 IDA-36731 Effective USD 40.00 40.00 0.00 23.70 16.56 59.00 P077761 TF-51248 Effective USD 8.00 8.00 0.00 7.86 0.14 98.00 Disbursement Graph Public Disclosure Copy Key Decisions Regarding Implementation The end-of-project target for 'off-grid renewables' component of 161,000 households, small and medium enterprises and public institutions being connected has been revised to 113,500. The revision of this target was largely attributed to tapering demand for off-grid solutions as a result of rapid grid expansion which was not anticipated at the time the original targets were set. Restructuring History Level two Approved on 21-Oct-2010 Related Projects Page 4 of 5 The World Bank Report No: ISR265 P077761-Renewable Energy for Rural Economic Development, P093995-Sri Lanka Energeon Biomass Power Project, P093996-Sri Lanka Getambe Mini Hydropower Project, P093997-Sri Lanka Delta, Halgran & Kurundu Hydropower Project, P101699-Renewable Energy - Additional Financing Public Disclosure Copy Public Disclosure Copy Page 5 of 5