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Partial Risk Sharing Facility in Energy Efficiency

Abstract*

The objective of the Partial Risk Sharing Facility for Energy Efficiency (PRSF) Project is to assist India in achieving energy savings with mobilization of commercial finance and participation of energy service companies. This project consists of two components. The first component supports establishing and operating the Facility to provide Sub-Guarantees to Sub-Financiers and developing energy efficiency markets through end-to-end solutions and measurement...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The project development objective is to assist India in achieving energy savings with mobilization of commercial finance and participation of Energy Service Companies (ESCOs).

Key Details

Project Details

  • P132620

  • Active

  • Yuge Ma , Vijay Nirmal Gavarraju

  • India

  • India

  • April 10, 2013

  • (as of board presentation)

    February 25, 2015

  • August 31, 2015

  • US$ 25.00 million

  • EESL Energy Efficiency Services Limited,Small Industries Development Bank of India

  • South Asia

  • 2015

  • US$ 25.00 million

  • F

  • April 12, 2024

  • March 31, 2025

  • No

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Clean Technology Fund 25.00

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 25.00
Total Project Cost** 25.00

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

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2025-02-17
Procurement Satisfactory 2025-02-17
Project Management Satisfactory 2025-02-17
Financial Management Moderately Satisfactory 2025-02-17
Monitoring and Evaluation Satisfactory 2025-02-17
Overall Implementation Progress (IP) Satisfactory 2025-02-17

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Annual energy savings achieved by projects that receive PRSF risk coverageValue0.00371.28328.00
    DateApril 1, 2015September 30, 2023June 30, 2025
    Comment
  • Annual mitigation of CO2 emissions achieved by projects that receive PRSF risk coverage (million tons; estimated based on the type and amount of energy savings recorded)Value0.00284000.00289000.00
    DateApril 1, 2015September 30, 2023June 30, 2025
    Comment
  • Total number of ESCO-implemented energy efficiency investments whose loans receive credit guarantee from PRSFValue0.0075.0077.00
    DateApril 1, 2015September 30, 2023June 30, 2025
    Comment
  • Total amount of loan financing provided for ESCO-implemented energy efficiency investments including that from SIDBI and PFIs that receive PRSF risk coverage (million US$)Value0.0069270000.0087000000.00
    DateApril 1, 2015September 30, 2023June 30, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Total amount of loans that receive risk-sharing coverage through credit guarantees from PRSF (million US$)Value0.0040140000.0089000000.00
    DateApril 1, 2015September 30, 2022June 30, 2025
    Comment
  • Private capital mobilized (million US$)Value0.00119900000.00125000000.00
    DateApril 1, 2015September 30, 2023June 30, 2025
    Comment
  • Default rate of loans that receive risk-sharing coverage through credit guarantees from PRSF (%)Value0.000.0115.00
    DateApril 1, 2015September 30, 2023June 30, 2025
    Comment