| Financier | Commitments |
|---|---|
| Carbon Fund | 2.58 |
Bagasse Cogeneration
Abstract*
The aim of the Guyana Bagasse Cogeneration Project is to utilize in an efficient manner the bagasse by-product of the new Skeldon sugar factory in generating electricity for internal use as well as for sale to the national grid. The project will displace the use of light fuel oil in diesel engine driven generators operated by the Guyana Power and Light Company (GPL), the national utility, in the Berbice region. As the utility currently has insufficient... Show More
Development Objective
The Guyana Bagasse Cogeneration Project (which is expected to receive financial payments to be made under the Clean Development Mechanism of the Kyoto Protocol, and therefore is hereafter referred to as the CDM Project) consists of the addition of a more efficient co-generation plant to the ongoing Skeldon Sugar Modernization Project (SSMP) -- a modern sugar factory that will manufacture Very High Pol (VHP) raw sugar. The CDM Project will generate bagasse-based electricity for internal use as well as for sale to the Berbice regional grid, displacing the use of light fuel oil in diesel engine-driven generators operated by the Guyana Power and Light Company (GPL). As the utility currently has insufficient capacity, there is extensive use of self-generation by industry and households. The project thus has the potential to displace a significant amount of this unregulated and inefficient self-generation as confidence in reliable supply is progressively built over time.
Key Details
Project Details
P090044
Closed
Noreen Beg
N/A
October 1, 2007
(as of board presentation)
June 27, 2008
June 27, 2008
US$ 2.58 million
N/A
2008
US$ 2.58 million
B
Not Applicable
December 31, 2015
BANK APPROVED
December 19, 2024
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 | 2.58 |
| Total Project Cost** | 2.58 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
Detailed Financial Activity as of July 31, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Unsatisfactory | 2011-08-09 |
| Counterpart Funding | Satisfactory | 2011-08-09 |
| Project Management | Moderately Satisfactory | 2011-08-09 |
| Monitoring and Evaluation | Moderately Satisfactory | 2011-08-09 |
| Overall Implementation Progress (IP) | Unsatisfactory | 2011-08-09 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Carbon Finance Development Value 0.00 0.00 109.00 Date July 18, 2011 December 31, 2015 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Certified Emissions Reductions to be delivered by end 2012 per Schedule 2 of ERPA Value 0.00 109000.00 109.00 Date December 31, 2012 December 31, 2015 Comment Tonnes of CO2e to be delivered