| Financier | Commitments |
|---|---|
| Strategic Climate Fund Grant | 11.68 |
Accelerating Sustainable Private Investment in Renewable Energy Project
Abstract*
The objective of the of Accelerating Sustainable Private Investments in Renewable Energy (ASPIRE) Project for Maldives is to increase PV generation through private sector investment. The Project continues to implement three components: (1) technical assistance support to Government of Maldives, (2) structuring and delivery of tariff buy downs for currently planned and subsequent subprojects, and (3) a security package consisting of: (i) escrow accounts... Show More
Development Objective
To increase PV generation in Maldives through private sector investment.
Key Details
Project Details
P145482
Active
Amit Jain , Chong Song
Maryam Abdul Nasir (Ms.)
June 26, 2014
(as of board presentation)
June 26, 2014
August 31, 2014
US$ 27.68 million
Ajwad Musthafa
2014
US$ 11.68 million
N/A
December 19, 2024
June 30, 2025
BANK APPROVED
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 | 11.68 |
| Total Project Cost** | 27.68 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Dec 19, 2023 | IDA-G2250 | Fee Charges | 11,217.99 |
| Dec 19, 2023 | IDA-G2250 | Int Charges | 11,217.99 |
| Dec 19, 2023 | IDA-G2250 | Fee Charges | 16.00 |
| Dec 19, 2023 | IDA-G2250 | Int Charges | 16.00 |
| Dec 14, 2022 | IDA-G2250 | Fee Charges | 616.41 |
| Aug 3, 2023 | IDA-G2250 | Loan Cancel | 1,000,000.00 |
| Dec 14, 2021 | IDA-G2250 | Fee Charges | 18,750.00 |
| Dec 14, 2021 | IDA-G2250 | Int Charges | 18,750.00 |
| Dec 14, 2022 | IDA-G2250 | Fee Charges | 15,364.17 |
| Dec 14, 2022 | IDA-G2250 | Int Charges | 15,364.17 |
| Dec 14, 2020 | IDA-G2250 | Fee Charges | 18,750.00 |
| Dec 14, 2020 | IDA-G2250 | Int Charges | 18,750.00 |
| Dec 14, 2019 | IDA-G2250 | Fee Charges | 18,750.00 |
| Dec 14, 2019 | IDA-G2250 | Int Charges | 18,750.00 |
| Jul 31, 2018 | IDA-G2250 | Fee Charges | 28,125.00 |
| Jul 31, 2018 | IDA-G2250 | Int Charges | 28,125.00 |
| Jun 26, 2014 | IDA-G2520 | Loan Commitment | 16,000,000.00 |
| Dec 14, 2022 | IDA-G2250 | Int Charges | 616.41 |
| Aug 14, 2018 | IDA-G2250 | Fee Charges | 6,318.49 |
| Aug 14, 2018 | IDA-G2250 | Int Charges | 6,318.49 |
| Dec 14, 2018 | IDA-G2250 | Fee Charges | 18,750.00 |
| Dec 14, 2018 | IDA-G2250 | Int Charges | 18,750.00 |
| Dec 19, 2023 | IDA-G2250 | Fee Charges | 0.01 |
| Dec 19, 2023 | IDA-G2250 | Int Charges | 0.01 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Monitoring and Evaluation | Satisfactory | 2024-04-03 |
| Project Management | Satisfactory | 2024-04-03 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-04-03 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-04-03 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Development of Standard Contracts and Guidelines Value 0.00 7.00 7.00 Date June 24, 2014 February 24, 2022 September 30, 2024 Comment Cumulative Megawatts of PV pipeline subprojects prepared Value 0.00 27.50 27.50 Date June 24, 2014 February 24, 2022 September 30, 2024 Comment