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CL Technical Assistance for Geothermal Development in Chile

Development Objective

Assist the Government of Chile to improve geothermal energy market conditions by removing key barriers, leading to sustainable investments in this sector.

Key Details

Project Details

  • P152820

  • Closed

  • Janina Franco Salazar

  • Chilean International Cooperation Agency for Development (AGCID)

  • Chile

  • (as of board presentation)

    October 12, 2016

  • US$ 3.50 million

  • Ministry of Energy

  • August 30, 2024

  • December 31, 2021

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Energy Sector Management Assistance Program 0.50
Clean Technology Fund 3.00

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 3.50
Total Project Cost** 3.50

Summary Status of World Bank Financing (US$ Millions) as of December 31, 2024

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

Detailed Financial Activity as of December 31, 2024

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

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Implementation Progress (IP) Satisfactory 2021-11-27
Overall Low 2021-11-27
Progress towards achievement of PDO Satisfactory 2021-11-27

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-20-2022
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Greater exploration of geothermal resources through the drilling of wellsValue7.0011.0017.00
    DateOctober 12, 2016June 30, 2021May 26, 2021
    Comment
  • Submission for Legislative approval of law and/or revised policies necessary for providing greater regulatory clarity to investorsValueNoYesYes
    DateOctober 12, 2016June 30, 2021May 26, 2021
    Comment
  • A framework designed to mobilize risk capital toward geothermal explorationValueNoYesNo
    DateOctober 12, 2016June 30, 2021May 26, 2021
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Review and recommendation report for geothermal concession frameworkValueNoYesYes
    DateOctober 12, 2016December 31, 2021May 22, 2020
    Comment
  • Stakeholder awareness consultations heldValue0.002.0015.00
    DateOctober 12, 2016June 30, 2021May 22, 2020
    Comment
  • Study on integration of geothermal in electricity market completedValueNoYesYes
    DateOctober 12, 2016June 30, 2021May 22, 2020
    Comment
  • Recommendation made for risk mitigation solutions based on global solutions tailored for ChileValueNoYesYes
    DateOctober 12, 2016June 30, 2021May 22, 2020
    Comment
  • Study on alternate uses of geothermal in ChileValueNoYesYes
    DateOctober 12, 2016June 30, 2021May 22, 2020
    Comment