| Financier | Commitments |
|---|---|
| IDA Grant | 100.00 |
Accelerating Sustainable and Clean Energy Access Transformation in SOMALIA
Abstract*
The proposed project Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) seeks to increase access to sustainable and clean energy through private sector participation in Somalia, which aligns with the ASCENT Multi-Programmatic Approach (MPA) Program Development Objective (PrDO) of accelerating access to sustainable, reliable, and clean energy in Eastern and Southern Africa. The Project components will support (i) Distributed solar... Show More
Development Objective
The PDO is to increase access to sustainable and clean energy through private sector participation in Somalia
Key Details
Project Details
P181341
Active
Tigran Parvanyan , Paul Baringanire
Federal Ministry of Finance Somalia
September 18, 2023
(as of board presentation)
November 28, 2023
March 14, 2024
US$ 0.00 million
Ministry of Energy and Water Resources
2024
US$ 100.00 million
N/A
July 13, 2023
November 30, 2028
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 100.00 |
| IBRD + IDA Commitment | 100.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Nov 28, 2023 | IDA-E2680 | Loan Commitment | 100,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Satisfactory | 2024-11-20 |
| Financial Management | Satisfactory | 2024-11-20 |
| Monitoring and Evaluation | Satisfactory | 2024-11-20 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-11-20 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-11-20 |
| Procurement | Moderately Satisfactory | 2024-11-20 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.