Second Rural Electrification

Abstract*

The objective of the Second Rural Electrification Project is to increase access to electricity in the rural areas of Peru on an efficient and sustainable basis. There are three components to the project, the first component being rural electrification subprojects. This component will support investment in infrastructure by electricity distribution companies to provide electricity services to about 42,500 households, small enterprises and community... Show More

Development Objective

The development objective of the Project is to increase access to electricity in rural areas of Peru on an efficient and sustainable basis. It would build on the achievements of the First RE Project but would operate in more challenging conditions, providing electricity service in localities that are increasingly distant from the grid and with more dispersed populations.

Key Details

Project Details

Project ID
P117864
Status
Closed
Team Leader
Janina Franco Salazar
Borrower 2
Ministerio de Economía y Finanzas,Republic of Peru

Country
Peru
Disclosure Date
March 3, 2010
Approval Date
(as of board presentation)
April 21, 2011
Effective Date
July 13, 2011

Total Project Cost 1
US$ 82.70 million
Implementing Agency
MINEM - Ministerio de Energia y Minas
Region
Latin America and Caribbean
Fiscal Year 3
2011

Commitment Amount
US$ 50.00 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
August 31, 2017

Last Stage Reached
BANK APPROVED
Last Update Date
November 1, 2023

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 change100%
- FY17 - Mitigation100%

FY17 - Urban and Rural Development

FY17 - Rural Development100%
- FY17 - Rural Infrastructure and service delivery100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Local Sources of Borrowing Country	22.10
Borrower/Recipient	10.60
International Bank for Reconstruction and Development	50.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	50.00
IDA Commitment	N/A
IBRD + IDA Commitment	50.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	82.70

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

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 30, 2015	IBRD-80340	Loan Disb	830,148.94
Apr 15, 2015	IBRD-80340	Int Charges	1,538.91
Apr 15, 2015	IBRD-80340	Int Charges	36,647.16
Dec 28, 2015	IBRD-80340	Loan Disb	1,497,382.00
Oct 26, 2015	IBRD-80340	Loan Disb	1,702,990.00
Oct 15, 2014	IBRD-80340	Int Charges	12,665.00
Oct 2, 2014	IBRD-80340	Loan Disb	1,939,003.10
Aug 23, 2013	IBRD-80340	Loan Disb	500,000.00
Jan 21, 2014	IBRD-80340	Loan Disb	600,000.00
Feb 10, 2014	IBRD-80340	Loan Disb	193,421.92
Apr 15, 2014	IBRD-80340	Int Charges	662.50
Apr 15, 2014	IBRD-80340	Int Charges	3,545.46
Jun 11, 2014	IBRD-80340	Loan Disb	2,000,000.00
May 14, 2014	IBRD-80340	Loan Disb	298,995.60
Apr 21, 2014	IBRD-80340	Loan Disb	134,878.60
Apr 21, 2011	IBRD-80340	Loan Commitment	50,000,000.00
Oct 15, 2023	IBRD-80340	Int Charges	1,331,994.80
Oct 15, 2023	IBRD-80340	Int Charges	23,135.68
Apr 15, 2024	IBRD-80340	Int Charges	1,447,228.50
Apr 15, 2024	IBRD-80340	Int Charges	15,203.99
Oct 15, 2022	IBRD-80340	Int Charges	603,090.44
Apr 15, 2023	IBRD-80340	Int Charges	44,831.62
Apr 15, 2023	IBRD-80340	Int Charges	1,082,856.80
Oct 15, 2021	IBRD-80340	Int Charges	211,682.55
Apr 15, 2022	IBRD-80340	Int Charges	197,229.44
Oct 15, 2020	IBRD-80340	Int Charges	427,821.56
Apr 15, 2021	IBRD-80340	Int Charges	210,525.80
Apr 15, 2019	IBRD-80340	Int Charges	737,948.40
Oct 15, 2019	IBRD-80340	Int Charges	742,003.00
Apr 15, 2020	IBRD-80340	Int Charges	594,939.30
Dec 31, 2017	IBRD-80340	Loan Cancel	742,549.30
Apr 15, 2018	IBRD-80340	Int Charges	2,265.99
Apr 15, 2018	IBRD-80340	Int Charges	487,666.30
Dec 29, 2014	IBRD-80340	Loan Disb	1,900,000.00
Mar 6, 2015	IBRD-80340	Loan Disb	1,344,818.60
Jan 26, 2015	IBRD-80340	Loan Disb	1,253,780.80
Aug 25, 2014	IBRD-80340	Loan Disb	880,780.80
Jul 30, 2014	IBRD-80340	Loan Disb	240,569.45
Jul 16, 2015	IBRD-80340	Loan Disb	1,571,969.80
Mar 31, 2015	IBRD-80340	Loan Disb	1,761,539.90
May 22, 2015	IBRD-80340	Loan Disb	2,046,642.10
Dec 6, 2017	IBRD-80340	Loan Disb	-280,000.00
Dec 6, 2017	IBRD-80340	Loan Disb	-462,549.30
Oct 15, 2018	IBRD-80340	Int Charges	701,894.75
May 6, 2016	IBRD-80340	Loan Disb	907,068.94
Nov 28, 2016	IBRD-80340	Loan Disb	1,684,758.10
Nov 2, 2016	IBRD-80340	Loan Disb	612,800.25
Jan 17, 2017	IBRD-80340	Loan Disb	963,362.50
Oct 13, 2016	IBRD-80340	Loan Disb	2,469,071.50
Jul 13, 2016	IBRD-80340	Loan Disb	1,299,240.80
Aug 29, 2016	IBRD-80340	Loan Disb	726,482.56
Dec 19, 2016	IBRD-80340	Loan Disb	1,178,000.00
Feb 27, 2017	IBRD-80340	Loan Disb	1,169,495.20
Feb 16, 2017	IBRD-80340	Loan Disb	758,595.75
Apr 15, 2017	IBRD-80340	Int Charges	2,982.14
Apr 15, 2017	IBRD-80340	Int Charges	387,443.50
Apr 3, 2017	IBRD-80340	Loan Disb	280,000.00
Jun 9, 2017	IBRD-80340	Loan Cancel	5,423,275.50
Oct 15, 2017	IBRD-80340	Int Charges	5,315.22
Oct 15, 2017	IBRD-80340	Int Charges	464,526.62
Oct 15, 2015	IBRD-80340	Int Charges	1,827.15
Oct 15, 2015	IBRD-80340	Int Charges	80,705.25
Sep 25, 2015	IBRD-80340	Loan Disb	1,023,545.56
Oct 30, 2015	IBRD-80340	Loan Disb	301,774.22
Dec 11, 2015	IBRD-80340	Loan Disb	386,038.38
Sep 28, 2015	IBRD-80340	Loan Disb	1,637,294.50
Sep 28, 2015	IBRD-80340	Loan Disb	986,369.75
Nov 30, 2015	IBRD-80340	Loan Disb	618,063.90
Jan 26, 2016	IBRD-80340	Loan Disb	1,672,619.40
Dec 22, 2015	IBRD-80340	Loan Disb	457,436.44
Apr 7, 2016	IBRD-80340	Loan Disb	935,429.50
Apr 15, 2016	IBRD-80340	Int Charges	1,699.13
Apr 15, 2016	IBRD-80340	Int Charges	143,190.84
Sep 16, 2016	IBRD-80340	Loan Disb	1,170,674.20
Aug 12, 2016	IBRD-80340	Loan Disb	1,327,887.60
Jun 21, 2016	IBRD-80340	Loan Disb	648,382.90
Oct 15, 2016	IBRD-80340	Int Charges	222.43
Oct 15, 2016	IBRD-80340	Int Charges	237,077.38
Dec 29, 2014	IBRD-80340	Loan Disb	665,411.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Counterpart Funding	Moderately Satisfactory	2017-06-07
Monitoring and Evaluation	Moderately Satisfactory	2017-06-07
Project Management	Moderately Satisfactory	2017-06-07
Progress towards achievement of PDO	Satisfactory	2017-06-07
Financial Management	Satisfactory	2017-06-07
Overall Implementation Progress (IP)	Moderately Satisfactory	2017-06-07
Procurement	Moderately Satisfactory	2017-06-07

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 02-28-2018
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-29-2018	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	High	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of potential connections Value 0.00 42500.00 42669.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
Number of new connections Value 0.00 34000.00 36518.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
Number of new renewable connections Value 0.00 0.00 11915.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
Number of productive units adopting electricity equipment Value 0.00 5000.00 4376.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
People provided with access to electricity by household connections Value 0.00 140000.00 142895.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
People provided with access to electricity by hhold connections-Grid Value 0.00 0.00 95222.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of subprojects approved for financing Value 0.00 15.00 31.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
Number of distribution companies that have made proposals to the project Value 0.00 8.00 8.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
Number of renewable energy subprojects approved Value 0.00 8.00 7.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
Amount of investment in electricity subprojects by distribution companies (excluding VAT) Value 0.00 10.40 6.38
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
Number of contracts for productive uses in implementation or completed Value 0.00 3.00 3.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
Additional electricity consumption in productive uses Value 0.00 1500.00 3184.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment
Techno-economical and social-environmental prefeasibbility studies completed for small hydro Value 0.00 20.00 21.00
Date March 21, 2011 March 21, 2011 August 31, 2017
Comment

Number of potential connections	Value	0.00	42500.00	42669.00
	Date	March 21, 2011	March 21, 2011	August 31, 2017
	Comment

Number of new connections	Value	0.00	34000.00	36518.00
	Date	March 21, 2011	March 21, 2011	August 31, 2017
	Comment

Number of new renewable connections	Value	0.00	0.00	11915.00
	Date	March 21, 2011	March 21, 2011	August 31, 2017
	Comment