1. What We Do

Abstract*

The development objective of the Geothermal Sector Development Project (GSDP) is to develop geothermal resources in Ethiopia. There are four components to the project, the first component being Aluto geothermal site development. This component will finance goods, including drilling consumables and associated materials; services, including drilling contractors, the supervision engineer, reservoir engineering, and management; drilling and testing of...

* 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 Development Objective of Geothermal Sector Development Project (GSDP) is to develop geothermal resources in Ethiopia.

Key Details

Project Details

  • P133613

  • Closed

  • Kenta Usui , Abdulhakim Abdisubhan

  • Government of Ethiopia

  • Ethiopia

  • September 27, 2013

  • (as of board presentation)

    May 29, 2014

  • August 5, 2014

  • US$ 206.50 million

  • A

  • March 14, 2024

  • December 31, 2023

  • Yes

  • BANK APPROVED

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Renewable EnergyGeothermalFY17 - Renewable Energy Geothermal

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Borrower/Recipient 12.00
ICELAND: Icelandic International Development Authority 3.50
Strategic Climate Fund Grant 24.50
IDA Credit 29.43
IDA recommitted as a Credit 149.07

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 178.50
IBRD + IDA Commitment 178.50
Lending Instrument
Grant Amount 28.00
Total Project Cost** 218.50

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

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

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
May 16, 2024 IDA-54680 Loan Disb 382,429.70
Mar 1, 2024 IDA-54680 Loan Disb 215,707.05
May 29, 2014 IDA-54680 Loan Commitment 178,500,000.00
May 19, 2023 IDA-54680 Loan Disb 2,767,211.50
Nov 30, 2023 IDA-54680 Loan Cancel 22,630,000.00
Dec 5, 2023 IDA-54680 Loan Disb 2,391,749.50
Jan 12, 2024 IDA-54680 Loan Disb 126,141.82
Jan 18, 2024 IDA-54680 Loan Disb 2,291,543.00
Nov 20, 2023 IDA-54680 Loan Disb 688,950.40
Feb 1, 2016 IDA-54680 Int Charges 75.74
Feb 1, 2016 IDA-54680 Int Charges 75.74
Feb 1, 2016 IDA-54680 Int Charges 29,904.22
Feb 1, 2016 IDA-54680 Int Charges 29,904.22
Aug 1, 2018 IDA-54680 Int Charges 31,860.61
Aug 1, 2018 IDA-54680 Int Charges 31,860.61
Feb 1, 2019 IDA-54680 Int Charges 337.81
Feb 1, 2019 IDA-54680 Int Charges 337.81
Feb 1, 2019 IDA-54680 Int Charges 31,071.62
Feb 1, 2019 IDA-54680 Int Charges 31,071.62
Oct 31, 2017 IDA-54680 Loan Disb 352,680.28
Aug 1, 2017 IDA-54680 Int Charges 217.80
Aug 1, 2017 IDA-54680 Int Charges 217.80
Aug 1, 2017 IDA-54680 Int Charges 30,136.63
Aug 1, 2017 IDA-54680 Int Charges 30,136.63
Feb 1, 2017 IDA-54680 Int Charges 30.12
Feb 1, 2017 IDA-54680 Int Charges 30.12
Feb 1, 2017 IDA-54680 Int Charges 29,426.16
Feb 1, 2017 IDA-54680 Int Charges 29,426.16
Aug 3, 2016 IDA-54680 Int Charges 86.57
Aug 3, 2016 IDA-54680 Int Charges 30,503.00
Aug 3, 2016 IDA-54680 Int Charges 30,503.00
Aug 3, 2016 IDA-54680 Int Charges 86.57
Aug 1, 2015 IDA-54680 Int Charges 16,788.19
Aug 1, 2015 IDA-54680 Int Charges 16,788.19
Apr 21, 2015 IDA-54680 Loan Disb 8,000,000.00
Mar 19, 2020 IDA-54680 Loan Disb 9,251,850.00
Feb 1, 2020 IDA-54680 Int Charges 7,220.49
Feb 1, 2020 IDA-54680 Int Charges 7,220.49
Feb 1, 2020 IDA-54680 Int Charges 83,683.02
Feb 1, 2020 IDA-54680 Int Charges 83,683.02
May 26, 2020 IDA-54680 Loan Cancel 50,000,000.00
May 21, 2020 IDA-54680 Loan Disb 2,600,829.50
Sep 15, 2020 IDA-54680 Loan Disb 8,881,430.00
Apr 25, 2019 IDA-54680 Loan Disb 5,534,423.00
Jun 13, 2019 IDA-54680 Loan Disb 571,250.44
Jun 13, 2019 IDA-54680 Loan Disb 2,048,718.60
Jun 11, 2019 IDA-54680 Loan Disb 3,731,672.20
Jun 13, 2019 IDA-54680 Loan Disb 1,005,620.30
Aug 1, 2019 IDA-54680 Int Charges 338.48
Aug 1, 2019 IDA-54680 Int Charges 338.48
Aug 1, 2019 IDA-54680 Int Charges 42,328.63
Aug 1, 2019 IDA-54680 Int Charges 42,328.63
Nov 15, 2019 IDA-54680 Loan Disb 945,399.50
Nov 22, 2019 IDA-54680 Loan Disb 2,123,166.50
Feb 1, 2018 IDA-54680 Int Charges 613.27
Feb 1, 2018 IDA-54680 Int Charges 613.27
Feb 1, 2018 IDA-54680 Int Charges 31,537.09
Feb 1, 2018 IDA-54680 Int Charges 31,537.09
Aug 1, 2018 IDA-54680 Int Charges 805.51
Aug 1, 2018 IDA-54680 Int Charges 805.51
Mar 16, 2022 IDA-54680 Loan Disb 5,987,572.00
Apr 8, 2022 IDA-54680 Loan Disb 1,745,783.10
May 10, 2022 IDA-54680 Loan Disb 3,395,136.00
Jun 9, 2021 IDA-54680 Loan Disb 6,203,933.00
Aug 1, 2021 IDA-54680 Int Charges 1,101.91
Aug 1, 2021 IDA-54680 Int Charges 1,101.91
Aug 1, 2021 IDA-54680 Int Charges 211,719.00
Aug 1, 2021 IDA-54680 Int Charges 211,719.00
Aug 1, 2020 IDA-54680 Int Charges 275.20
Aug 1, 2020 IDA-54680 Int Charges 275.20
Aug 1, 2020 IDA-54680 Int Charges 120,227.88
Aug 1, 2020 IDA-54680 Int Charges 120,227.88
Feb 10, 2021 IDA-54680 Loan Disb 2,404,632.00
Feb 10, 2021 IDA-54680 Loan Disb 7,345,420.00
Feb 1, 2021 IDA-54680 Int Charges 3,740.69
Feb 1, 2021 IDA-54680 Int Charges 3,740.69
Feb 1, 2021 IDA-54680 Int Charges 166,704.10
Feb 1, 2021 IDA-54680 Int Charges 166,704.10
Feb 1, 2023 IDA-54680 Int Charges 5,360.38
Aug 3, 2022 IDA-54680 Int Charges 251,629.81
Aug 3, 2022 IDA-54680 Int Charges 251,629.81
Aug 3, 2022 IDA-54680 Int Charges 190.43
Aug 3, 2022 IDA-54680 Int Charges 190.43
Feb 2, 2022 IDA-54680 Int Charges 4,172.34
Feb 2, 2022 IDA-54680 Int Charges 4,172.34
Feb 2, 2022 IDA-54680 Int Charges 229,356.33
Feb 2, 2022 IDA-54680 Int Charges 229,356.33
Feb 25, 2022 IDA-54680 Loan Disb 3,057,660.20
Aug 7, 2023 IDA-54680 Int Charges 6,156.78
Aug 7, 2023 IDA-54680 Int Charges 6,156.78
Aug 7, 2023 IDA-54680 Int Charges 273,612.22
Aug 7, 2023 IDA-54680 Int Charges 273,612.22
Feb 1, 2023 IDA-54680 Int Charges 262,309.97
Feb 1, 2023 IDA-54680 Int Charges 262,309.97
Feb 1, 2023 IDA-54680 Int Charges 5,360.38
Feb 28, 2024 IDA-54680 Loan Disb 137,662.02
Jul 16, 2024 IDA-54680 Loan Disb -4,750.02
Aug 1, 2024 IDA-54680 Int Charges 1,968.91
Aug 1, 2024 IDA-54680 Int Charges 1,968.91
Aug 1, 2024 IDA-54680 Int Charges 304,419.75
Jan 25, 2024 IDA-54680 Loan Disb 792,943.94
Feb 9, 2024 IDA-54680 Loan Disb 339,920.90
Jan 26, 2024 IDA-54680 Loan Disb 234,725.19
Feb 5, 2024 IDA-54680 Int Charges 1,751.03
Feb 5, 2024 IDA-54680 Int Charges 1,751.03
Feb 5, 2024 IDA-54680 Int Charges 281,358.97
Feb 5, 2024 IDA-54680 Int Charges 281,358.97
Aug 1, 2024 IDA-54680 Int Charges 304,419.75
Aug 1, 2024 IDA-54680 Loan Repay 820,497.10
Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2023-12-01
Financial Management Moderately Satisfactory 2023-12-01
Procurement Moderately Satisfactory 2023-12-01
Project Management Moderately Satisfactory 2023-12-01
Counterpart Funding Satisfactory 2023-12-01
Monitoring and Evaluation Satisfactory 2023-12-01
Overall Implementation Progress (IP) Moderately Satisfactory 2023-12-01

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 12-23-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityModestN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Geothermal wells with potential to generate electricityValue0.009.008.00
    DateApril 21, 2014November 9, 2023December 31, 2021
    Comment
  • Geothermal wells drilled and testedValue0.0012.0014.00
    DateApril 21, 2014November 9, 2023December 31, 2021
    Comment
  • Geothermal sites confirmedValue0.001.001.00
    DateApril 21, 2014November 9, 2023December 31, 2021
    Comment
  • Geothermal sector strategy developedValueNoNoYes
    DateMay 26, 2020November 9, 2023December 31, 2021
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Training/Workshops heldValue0.002.002.00
    DateApril 21, 2014November 9, 2023December 31, 2021
    Comment
  • Civil work and water supply construction finalizedValueNoYesYes
    DateMay 26, 2020November 9, 2023December 31, 2021
    Comment
  • EEP Staff trainedValue0.0028.0045.00
    DateApril 21, 2014November 9, 2023December 31, 2021
    Comment
  • First rig installed in Aluto siteValueNoYes
    DateMay 26, 2020June 7, 2022
    Comment
  • EEP retrained procurement staffValue0.002.004.00
    DateApril 21, 2014November 9, 2023December 31, 2021
    Comment
  • Second rig arrival in Aluto siteValueNoYes
    DateMay 26, 2020June 7, 2022
    Comment
  • GSE/MoWIE/MoM staff trainedValue0.0018.0045.00
    DateApril 21, 2014November 9, 2023December 31, 2021
    Comment
  • First rig drilling operation startsValueNoYes
    DateMay 26, 2020June 7, 2022
    Comment
  • Feasibility study completedValueNoNoYes
    DateApril 21, 2014November 9, 2023December 31, 2021
    Comment
  • Second rig drilling operation startsValueNoYes
    DateMay 26, 2020June 7, 2022
    Comment
  • Geothermal capacity confirmed for electricity generationValue0.0026.0035.00
    DateJune 1, 2014November 9, 2023August 5, 2021
    Comment