Renewable Energy for Rural Economic Development

Abstract*

The Renewable Energy for Rural Economic Development Project, aims at improving the quality of rural life, by utilizing off-grid renewable energy technologies, to provide electricity in remote areas, and, in addition, promote private sector power generation from renewable energy resources for the main grid. The key components of the project are: 1) grid-connected renewable energy power generation, by enabling, on a large scale, the refinancing support... Show More

Development Objective

(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.

Key Details

Project Details

Project ID
P076702
Status
Closed
Team Leader
Abdulaziz Faghi
Borrower 2
N/A

Country
Sri Lanka
Disclosure Date
February 20, 2002
Approval Date
(as of board presentation)
June 20, 2002
Effective Date
October 7, 2002

Total Project Cost 1
US$ 125.70 million
Implementing Agency
N/A
Region
South Asia
Fiscal Year 3
2002

Commitment Amount
US$ 75.00 million
Environmental Category
B
Last Update Date
January 15, 2013
Closing Date
December 31, 2011

Last Stage Reached
BANK APPROVED

Associated Projects
P093996
P101699
P077761

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change22%
- FY17 - Mitigation22%

FY17 - Private Sector Development

FY17 - Business Enabling Environment11%
- FY17 - Investment and Business Climate11%
FY17 - Jobs8%
- FY17 - Job Creation8%

FY17 - Social Development and Protection

FY17 - Social Inclusion22%
- FY17 - Participation and Civic Engagement22%

FY17 - Urban and Rural Development

FY17 - Rural Development30%
- FY17 - Rural Infrastructure and service delivery30%
FY17 - Urban Development8%
- FY17 - Urban Infrastructure and Service Delivery8%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	0.80
Sub-borrower(s)	25.80
IDA Credit	75.00
Foreign Private Commercial Sources (unidentified)	6.20
Borrowing Country's Fin. Intermediary/ies	17.90

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	75.00
IBRD + IDA Commitment	75.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	125.70

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jun 15, 2021	IDA-36731	Int Charges	36,863.09
Jun 15, 2021	IDA-36731	Int Charges	36,863.09
Jun 15, 2021	IDA-36731	Loan Repay	1,892,505.20
Jun 15, 2021	IDA-36731	Int Charges	70,366.97
Jun 15, 2021	IDA-36731	Int Charges	70,366.97
Dec 15, 2022	IDA-36730	Loan Repay	38,107.31
Dec 15, 2022	IDA-36730	Loan Repay	1,540,024.80
Dec 15, 2022	IDA-36730	Int Charges	236,719.80
Dec 15, 2022	IDA-36730	Int Charges	236,719.80
Dec 15, 2022	IDA-36730	Int Charges	340,698.12
Dec 15, 2022	IDA-36731	Loan Repay	1,688,069.20
Dec 15, 2022	IDA-36731	Loan Repay	47,177.84
Dec 15, 2021	IDA-36730	Loan Repay	828,038.80
Dec 15, 2021	IDA-36730	Int Charges	254,621.89
Dec 15, 2021	IDA-36730	Int Charges	254,621.89
Dec 15, 2021	IDA-36730	Int Charges	8,122.95
Dec 15, 2021	IDA-36730	Int Charges	8,122.95
Dec 15, 2021	IDA-36731	Int Charges	14,357.48
Dec 15, 2021	IDA-36731	Int Charges	14,357.48
Dec 15, 2021	IDA-36731	Loan Repay	1,836,446.90
Dec 15, 2021	IDA-36731	Int Charges	75,753.44
Dec 15, 2021	IDA-36731	Int Charges	75,753.44
Dec 15, 2023	IDA-36730	Loan Repay	28,506.59
Dec 15, 2023	IDA-36730	Loan Repay	1,561,460.20
Dec 15, 2023	IDA-36730	Int Charges	184,746.81
Dec 15, 2023	IDA-36730	Int Charges	184,746.81
Dec 15, 2023	IDA-36731	Loan Repay	28,142.07
Dec 15, 2023	IDA-36731	Loan Repay	1,734,993.60
Dec 15, 2023	IDA-36731	Int Charges	4,622.72
Dec 15, 2023	IDA-36731	Int Charges	4,622.72
Jun 15, 2023	IDA-36730	Int Charges	91,973.32
Jun 15, 2023	IDA-36730	Loan Repay	1,582,662.00
Jun 15, 2023	IDA-36730	Int Charges	231,464.31
Jun 15, 2023	IDA-36730	Int Charges	231,464.31
Jun 15, 2023	IDA-36731	Int Charges	52,651.07
Jun 15, 2023	IDA-36731	Int Charges	52,651.07
Jun 15, 2023	IDA-36731	Loan Repay	14,807.36
Jun 15, 2023	IDA-36731	Int Charges	59,232.43
Jun 15, 2023	IDA-36731	Int Charges	59,232.43
Jun 15, 2023	IDA-36731	Loan Repay	1,755,035.40
Jun 15, 2024	IDA-36730	Int Charges	41,100.73
Jun 15, 2024	IDA-36730	Int Charges	41,100.73
Jun 15, 2024	IDA-36730	Loan Repay	1,562,490.90
Jun 15, 2024	IDA-36730	Int Charges	215,068.67
Jun 15, 2024	IDA-36730	Int Charges	215,068.67
Jun 15, 2024	IDA-36731	Loan Repay	1,732,667.20
Jun 15, 2024	IDA-36731	Int Charges	37,265.46
Jun 15, 2024	IDA-36731	Int Charges	37,265.46
Jun 15, 2017	IDA-36731	Loan Repay	1,813,755.50
Jun 15, 2017	IDA-36731	Int Charges	102,943.62
Jun 15, 2017	IDA-36731	Int Charges	102,943.62
Jun 15, 2017	IDA-36730	Loan Repay	788,532.56
Jun 15, 2018	IDA-36731	Loan Repay	1,017.31
Jun 15, 2018	IDA-36730	Loan Repay	836,069.44
Jun 15, 2018	IDA-36730	Int Charges	279,229.34
Jun 15, 2018	IDA-36730	Int Charges	279,229.34
Jun 15, 2018	IDA-36730	Loan Repay	572.69
Jun 15, 2018	IDA-36731	Loan Repay	1,854,510.10
Jun 15, 2018	IDA-36731	Int Charges	125,248.10
Jun 15, 2018	IDA-36731	Int Charges	125,248.10
Dec 15, 2017	IDA-36731	Loan Repay	1,859,485.60
Dec 15, 2017	IDA-36731	Int Charges	132,488.38
Dec 15, 2017	IDA-36731	Int Charges	132,488.38
Dec 15, 2017	IDA-36730	Int Charges	282,969.03
Dec 15, 2017	IDA-36730	Int Charges	282,969.03
Dec 15, 2017	IDA-36731	Int Charges	34,144.93
Dec 15, 2017	IDA-36731	Int Charges	34,144.93
Dec 15, 2017	IDA-36730	Int Charges	19,208.79
Dec 15, 2017	IDA-36730	Int Charges	19,208.79
Dec 15, 2017	IDA-36730	Loan Repay	838,426.80
Dec 15, 2018	IDA-36730	Loan Repay	34,297.38
Dec 15, 2018	IDA-36730	Loan Repay	783,335.60
Dec 15, 2018	IDA-36730	Int Charges	269,818.88
Dec 15, 2018	IDA-36730	Int Charges	269,818.88
Dec 15, 2018	IDA-36731	Int Charges	115,602.25
Dec 15, 2018	IDA-36731	Int Charges	115,602.25
Dec 15, 2018	IDA-36731	Loan Repay	60,881.08
Dec 15, 2018	IDA-36731	Loan Repay	1,752,487.50
Jun 15, 2019	IDA-36731	Loan Repay	26,381.92
Jun 15, 2019	IDA-36731	Loan Repay	1,792,693.80
Jun 15, 2019	IDA-36731	Int Charges	109,144.57
Jun 15, 2019	IDA-36731	Int Charges	109,144.57
Jun 15, 2019	IDA-36730	Loan Repay	14,872.72
Jun 15, 2019	IDA-36730	Loan Repay	805,333.56
Jun 15, 2019	IDA-36730	Int Charges	267,592.30
Jun 15, 2019	IDA-36730	Int Charges	267,592.30
Dec 15, 2019	IDA-36730	Loan Repay	5,646.08
Dec 15, 2019	IDA-36730	Loan Repay	815,010.90
Dec 15, 2019	IDA-36730	Int Charges	254,185.78
Dec 15, 2019	IDA-36730	Int Charges	254,185.78
Dec 15, 2019	IDA-36731	Loan Repay	10,008.17
Dec 15, 2019	IDA-36731	Loan Repay	1,810,067.00
Dec 15, 2019	IDA-36731	Int Charges	83,822.61
Dec 15, 2019	IDA-36731	Int Charges	83,822.61
Dec 15, 2020	IDA-36730	Int Charges	10,485.56
Dec 15, 2020	IDA-36730	Int Charges	10,485.56
Dec 15, 2020	IDA-36730	Loan Repay	852,609.50
Dec 15, 2020	IDA-36730	Int Charges	247,748.42
Dec 15, 2020	IDA-36730	Int Charges	247,748.42
Dec 15, 2020	IDA-36731	Int Charges	55,350.74
Dec 15, 2020	IDA-36731	Int Charges	55,350.74
Dec 15, 2020	IDA-36731	Int Charges	18,560.15
Dec 15, 2020	IDA-36731	Int Charges	18,560.15
Jun 15, 2020	IDA-36731	Int Charges	18,493.04
Jun 15, 2020	IDA-36731	Int Charges	18,493.04
Jun 15, 2020	IDA-36731	Loan Repay	1,813,842.00
Jun 15, 2020	IDA-36731	Int Charges	77,423.30
Jun 15, 2020	IDA-36731	Int Charges	77,423.30
Jun 15, 2020	IDA-36730	Int Charges	250,630.53
Jun 15, 2020	IDA-36730	Int Charges	250,630.53
Jun 15, 2020	IDA-36730	Int Charges	10,440.22
Jun 15, 2020	IDA-36730	Int Charges	10,440.22
Dec 15, 2013	IDA-36731	Int Charges	1,711.31
Dec 15, 2013	IDA-36731	Int Charges	1,711.31
Dec 15, 2013	IDA-36731	Int Charges	150,889.20
Dec 15, 2013	IDA-36731	Int Charges	150,889.20
Dec 15, 2013	IDA-36730	Int Charges	14,107.74
Dec 15, 2013	IDA-36730	Int Charges	14,107.74
Dec 15, 2013	IDA-36730	Loan Repay	911,836.44
Dec 15, 2013	IDA-36730	Int Charges	328,662.90
Dec 15, 2013	IDA-36730	Int Charges	328,662.90
Dec 15, 2014	IDA-36730	Int Charges	311,936.34
Dec 15, 2014	IDA-36730	Int Charges	311,936.34
Dec 15, 2014	IDA-36730	Loan Repay	859,564.90
Dec 15, 2014	IDA-36731	Int Charges	844.62
Dec 15, 2014	IDA-36731	Int Charges	844.62
Dec 15, 2014	IDA-36731	Int Charges	143,284.70
Dec 15, 2014	IDA-36731	Int Charges	143,284.70
Dec 15, 2014	IDA-36730	Loan Repay	6,924.91
Jun 15, 2014	IDA-36731	Int Charges	151,834.88
Jun 15, 2014	IDA-36731	Int Charges	151,834.88
Jun 15, 2014	IDA-36730	Loan Repay	912,814.75
Jun 15, 2014	IDA-36730	Int Charges	332,036.30
Jun 15, 2014	IDA-36730	Int Charges	332,036.30
Jun 15, 2014	IDA-36731	Int Charges	783.79
Jun 15, 2014	IDA-36731	Int Charges	783.79
Jun 15, 2014	IDA-36730	Int Charges	6,443.86
Jun 15, 2014	IDA-36730	Int Charges	6,443.86
Jun 15, 2015	IDA-36730	Loan Repay	814,192.90
Jun 15, 2015	IDA-36730	Int Charges	271,085.12
Jun 15, 2015	IDA-36730	Int Charges	271,085.12
Jun 15, 2015	IDA-36731	Int Charges	2,263.44
Jun 15, 2015	IDA-36731	Int Charges	2,263.44
Jun 15, 2015	IDA-36731	Int Charges	133,109.97
Jun 15, 2015	IDA-36731	Int Charges	133,109.97
Jun 15, 2015	IDA-36730	Loan Repay	18,506.27
Dec 15, 2015	IDA-36731	Int Charges	3,111.68
Dec 15, 2015	IDA-36731	Int Charges	3,111.68
Dec 15, 2015	IDA-36731	Int Charges	137,466.23
Dec 15, 2015	IDA-36731	Int Charges	137,466.23
Dec 15, 2015	IDA-36730	Int Charges	25,371.53
Dec 15, 2015	IDA-36730	Int Charges	25,371.53
Dec 15, 2015	IDA-36730	Loan Repay	826,432.00
Dec 15, 2015	IDA-36730	Int Charges	291,317.30
Dec 15, 2015	IDA-36730	Int Charges	291,317.30
Jun 15, 2016	IDA-36730	Loan Repay	19,756.91
Jun 15, 2024	IDA-36731	Int Charges	40,939.67
Jun 15, 2024	IDA-36731	Int Charges	40,939.67
Jun 20, 2002	IDA-36730	Loan Commitment	75,000,000.00
Jun 14, 2007	IDA-36731	Loan Commitment	40,000,000.00
Jun 15, 2020	IDA-36730	Loan Repay	817,846.50
Jun 15, 2021	IDA-36730	Int Charges	20,840.82
Jun 15, 2021	IDA-36730	Loan Repay	853,315.06
Jun 15, 2021	IDA-36730	Int Charges	257,223.40
Jun 15, 2021	IDA-36730	Int Charges	257,223.40
Jun 15, 2021	IDA-36730	Int Charges	20,840.82
Dec 15, 2020	IDA-36731	Loan Repay	1,890,940.40
Jun 15, 2022	IDA-36730	Loan Repay	11,981.48
Jun 15, 2022	IDA-36730	Loan Repay	777,683.44
Jun 15, 2022	IDA-36730	Int Charges	239,860.70
Jun 15, 2022	IDA-36730	Int Charges	239,860.70
Jun 15, 2022	IDA-36730	Int Charges	438,145.60
Jun 15, 2022	IDA-36731	Loan Repay	21,161.86
Jun 15, 2022	IDA-36731	Int Charges	65,675.29
Jun 15, 2022	IDA-36731	Int Charges	65,675.29
Jun 15, 2022	IDA-36731	Loan Repay	1,730,178.40
Jun 15, 2016	IDA-36730	Loan Repay	814,015.44
Jun 15, 2016	IDA-36730	Int Charges	290,282.28
Jun 15, 2016	IDA-36730	Int Charges	290,282.28
Jun 15, 2016	IDA-36731	Int Charges	2,429.66
Jun 15, 2016	IDA-36731	Int Charges	2,429.66
Jun 15, 2016	IDA-36731	Int Charges	136,196.40
Jun 15, 2016	IDA-36731	Int Charges	136,196.40
Dec 15, 2016	IDA-36730	Int Charges	274,062.62
Dec 15, 2016	IDA-36730	Int Charges	274,062.62
Dec 15, 2016	IDA-36731	Int Charges	58.25
Dec 15, 2016	IDA-36731	Int Charges	58.25
Dec 15, 2016	IDA-36731	Int Charges	132,135.56
Dec 15, 2016	IDA-36731	Int Charges	132,135.56
Dec 15, 2016	IDA-36730	Int Charges	472.39
Dec 15, 2016	IDA-36730	Int Charges	472.39
Dec 15, 2016	IDA-36730	Loan Repay	794,384.56
Jun 15, 2017	IDA-36730	Int Charges	260,890.78
Jun 15, 2017	IDA-36730	Int Charges	260,890.78
Jun 15, 2017	IDA-36730	Loan Repay	31,003.76
Jun 15, 2017	IDA-36731	Loan Repay	3,834.26

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Project Management	Satisfactory	2012-01-01
Financial Management	Satisfactory	2012-01-01
Monitoring and Evaluation	Satisfactory	2012-01-01
Counterpart Funding	Satisfactory	2012-01-01
Overall Implementation Progress (IP)	Satisfactory	2012-01-01
Progress towards achievement of PDO	Satisfactory	2012-01-01
Procurement	Satisfactory	2012-01-01

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-21-2012
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Highly Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-25-2014	PROJECT PERFORMANCE ASSESSMENT REPORT: 06-30-2014
Outcome Rating	Satisfactory	Satisfactory
Risk To Development Outcome	Negligible To Low	Negligible To Low
Bank Performance	Moderately Satisfactory	Moderately Satisfactory
Borrower Performance	Satisfactory	Satisfactory
Government Performance	Not Rated	Satisfactory
Implementing Agency	Not Rated	Satisfactory
Icr Quality	Not Rated	Satisfactory
M&e Quality	Not Rated	High

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Additional 85 MW of small scale renewable grid connected power generation capacity installed. The additional financing would support another 50 MW of grid-connected power generation capacity	Value	31.00	174.20	166.00
	Date	October 7, 2002	November 15, 2011	December 31, 2011
	Comment	Baseline is taken as the existing small scale renewable grid connected power generation at project start.	Current progress is measured as the baseline plus 143.2 MW commissioned under the project.	The End Target is the baseline of 31 MW, plus the cumulative target of 135 MW from both the original and additional financingcredits.

Increase in income generating activities in communities that gain access to electricity	Value	Baseline taken as Zero.	742	Evaluation of social and economic impacts under im
	Date	October 7, 2002	July 31, 2010	December 31, 2011
	Comment	Incremental impact measured in communities that gain access to energy services under the project.	Number of households / small enterprises undertaking incoming generating activities using off-grid renewable energy servicesupported under the project.	A complete account of communities benefiting from access to electricity will be available at project end

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Reduction in Greenhouse Gas Emissions	Value	0.00	1.75	1.25
	Date	October 7, 2002	November 15, 2011	December 31, 2011
	Comment	Emissions reductions calculated according to approved CDM methodology for small scale (<15MW) renewable power projects.	Value measured in millions of tonnes of carbon abatement based on projects commissioned to date	End Target measured in million tonnes of avoided carbon emissions

Promote adoption of renewable energy by removing market barriers and reducing implementation costs	Value	See PDO Indicators 1 and 2 above	See PDO Indicators 1 and 2 above	See PDO Indicators 1 and 2 above
	Date	October 7, 2002	November 15, 2011	December 31, 2011
	Comment

Electricity access to households, rural small/medium enterprises and public institutions through off-grid systems	Value	22685.00	139241.00	136185.00
	Date	October 7, 2002	November 15, 2011	December 31, 2011
	Comment	Number of households, enterprises and public institutions supplied with off-grid renewable electricity service	Progress measured against cumulative number of households, enterprises, and public institutions supplied with off-grid renewableelectricity service including the baseline value.	End Target is taken as the baseline value plus an additional 113,500 households, enterprises, and public institutions suppliedwithoff-grid renewable electricity service from the Project.