| Financier | Commitments |
|---|---|
| Borrowing Country's Fin. Intermediary/ies | 37.50 |
| Local Sources of Borrowing Country | 12.58 |
| Borrower/Recipient | 0.22 |
| Global Environment Facility (GEF) | 12.00 |
Electric Cooperative System Loss Reduction Project
Abstract*
The Electric Cooperative Systems Loss Reduction Project will achieve significant, and sustained energy efficiency improvements in electric cooperatives (ECs), in order to provide customers with reliable, and least-cost power supply over the long term. The project will consist of two components - Partial Credit Guarantee Program, which includes eligible EC subproject investments, and the establishment of a Global Environment Facility (GEF)-funded partial... Show More
Development Objective
The global objective of the Global Environment Facility (GEF) support will be to reduce GHG emissions through the removal of barriers to energy efficiency investments in the rural power distribution sub-sector. This will be achieved through the pilot use of innovative contractual mechanisms and GEF-funded Partial Credit Guarantee Program to promote private investment and financing.
Key Details
Project Details
P066532
Closed
Alan Townsend
N/A
March 18, 2003
(as of board presentation)
April 29, 2004
November 5, 2004
US$ 62.30 million
N/A
2004
US$ 12.00 million
F
July 16, 2019
December 31, 2013
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 12.00 |
| Total Project Cost** | 62.30 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
Detailed Financial Activity as of February 28, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Satisfactory | 2013-12-13 |
| Project Management | Satisfactory | 2013-12-13 |
| Summary Global Objective Rating | Satisfactory | 2013-12-13 |
| Counterpart Funding | Satisfactory | 2013-12-13 |
| Monitoring and Evaluation | Satisfactory | 2013-12-13 |
| Overall Implementation Progress (IP) | Satisfactory | 2013-12-13 |
| Financial Management | Moderately Satisfactory | 2013-12-13 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-24-2014 |
|---|---|
| Outcomes | Moderately Satisfactory |
| Risk to Development Outcome | Modest |
| Bank Performance | Moderately Satisfactory |
| Borrower Performance | Moderately Satisfactory |
| Government Performance | Moderately Satisfactory |
| Implementing Agency | Moderately Satisfactory |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 06-17-2015 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Unsatisfactory | N/a |
| Risk To Development Outcome | Moderate | N/a |
| Bank Performance | Moderately Unsatisfactory | N/a |
| Borrower Performance | Moderately Satisfactory | N/a |
| Government Performance | Satisfactory | N/a |
| Implementing Agency | Moderately Satisfactory | N/a |
| Icr Quality | Satisfactory | N/a |
| M&e Quality | Modest | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
loan guaranteed investments under the project Value 0 $50-million booked and another $20-m. to be booked at least $24 million of loan guarantee issued and Date April 28, 2005 November 14, 2013 December 31, 2013 Comment The project has exceeded its end-target by as much as 150% (pending final tally of lending as of early 2014). commercial banks and other financial institutions providing loans to ECs Value zero 7 banks have made loans under the program. at least 4 commercial banks and other financial in Date April 28, 2005 November 14, 2013 December 31, 2013 Comment The project has exceeded the target by 3. cumulative claim payments Value zero No claims have been made. not more than $3 million of cumulative guarantee c Date April 28, 2005 November 14, 2013 December 31, 2013 Comment 16 loans are wholly or mostly drawn, and several are now in the principal repayment stage. No claims made. IMC transactions supported by the project Value zero IMC's dropped from the project. at least 6 IMC transactions Date April 28, 2005 November 14, 2012 December 31, 2013 Comment The IMC approach proved unworkable, and has been dropped from the project. EC loan guarantees Value zero 23 booked and/or approved guarantees, plus a large at least 15 loan guarantees issued for ECs Date April 28, 2005 November 14, 2012 December 31, 2013 Comment LGUGC has done a good job developing its capabilities in this area; and can now process much of the work involved in developinganddelivering its pipeline quite efficiently. TA and training programs developed and delivered Value zero Technical assistance and trainng has been delivere Total disbursement for the $2 million capacity bui Date April 28, 2005 November 14, 2012 December 31, 2013 Comment The full $2-million will be used. Relatively less training will be done than originally designed as the operational requirementsof the program demand more resources. energy savings Value zero 120 GWh at least 80 GWh annually by the end of the Project Date April 28, 2005 November 14, 2013 December 31, 2013 Comment With assets now in service, estimates and projections have been made, on a preliminary basis, that indicate that project resultsmay exceed targets by 50%. This result will be verified once the Borrower Completion Report is available in early 2014. carbon dioxide emissions avoided Value zero 60,000 at least 40,000 tons annually by the end of the pr Date April 28, 2005 November 14, 2013 December 31, 2013 Comment Preliminary estimate; results may exceed target by 50%.