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Shared Infrastructure for Solar Parks Project

Abstract*

The development objective of the Shared Infrastructure for Solar Parks Project for India is to increase solar generation capacity through the establishment of large-scale solar parks in the country. The project has two components. First component, shared infrastructure for solar parks will cover financing for shared infrastructure, such as, access roads, water supply anddrainage, telecommunications, pooling station inside the solar parks and transmission...

* 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 proposed development objective is 'to increase solar generation capacity through the establishment of large-scale solar parks in the country'.

Key Details

Project Details

  • P154283

  • Closed

  • Surbhi Goyal

  • Indian Renewable Energy Development Agency Limited

  • India

  • September 25, 2015

  • (as of board presentation)

    March 30, 2017

  • January 31, 2018

  • US$ 400.00 million

  • Rewa Ultra Mega Solar,Indian Renewable Energy Development Agency Limited

  • South Asia

  • 2017

  • US$ 100.00 million

  • F

  • February 26, 2024

  • June 30, 2024

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 75.00
Borrower/Recipient 100.00
Clean Technology Fund 25.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 75.00
IDA Commitment N/A
IBRD + IDA Commitment 75.00
Lending Instrument
Grant Amount 25.00
Total Project Cost** 400.00

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

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 28, 2018 IBRD-87370 Loan Disb 750,000.00
Apr 15, 2024 IBRD-87370 Int Charges 38,642.73
Apr 15, 2024 IBRD-87370 Int Charges 6,395.54
Jun 26, 2018 IBRD-87370 Loan Disb 3,802,384.50
Apr 15, 2024 IBRD-87370 Int Charges 45,860.37
Apr 15, 2024 IBRD-87370 Loan Repay 662,907.75
Apr 15, 2024 IBRD-87370 Int Charges 222,992.47
Apr 15, 2024 IBRD-87370 Int Charges 349,016.62
Apr 15, 2024 IBRD-87370 Loan Repay 116,592.92
Mar 30, 2017 TF-A4648 Loan Commitment 23,000,000.00
Mar 30, 2017 IBRD-87370 Loan Commitment 75,000,000.00
Jul 27, 2023 IBRD-87370 Loan Cancel 22,500,000.00
Jun 6, 2023 IBRD-87370 Loan Disb 5,574,811.50
Oct 15, 2023 IBRD-87370 Loan Repay 465,609.53
Oct 15, 2023 IBRD-87370 Int Charges 7,640.13
Oct 15, 2023 IBRD-87370 Int Charges 57,137.06
Oct 15, 2023 IBRD-87370 Int Charges 545,073.20
Oct 15, 2023 IBRD-87370 Loan Repay 222,992.47
Oct 15, 2023 IBRD-87370 Loan Repay 90,898.64
Apr 11, 2024 IBRD-87370 Loan Disb 21,005,534.00
Oct 15, 2022 IBRD-87370 Loan Repay 281,284.34
Oct 15, 2022 IBRD-87370 Int Charges 74,467.89
Oct 15, 2022 IBRD-87370 Int Charges 206,816.45
Oct 15, 2022 IBRD-87370 Loan Repay 184,325.19
Oct 15, 2022 IBRD-87370 Loan Repay 90,898.64
Apr 15, 2023 IBRD-87370 Int Charges 15,374.00
Apr 15, 2023 IBRD-87370 Int Charges 74,060.97
Apr 15, 2023 IBRD-87370 Int Charges 357,594.00
Apr 15, 2023 IBRD-87370 Loan Repay 90,898.64
Apr 15, 2023 IBRD-87370 Loan Repay 447,028.97
Apr 15, 2023 IBRD-87370 Int Charges 0.01
Apr 15, 2023 IBRD-87370 Loan Repay -447,028.97
Apr 15, 2023 IBRD-87370 Loan Repay 465,609.53
Oct 15, 2021 IBRD-87370 Int Charges 80,163.91
Oct 15, 2021 IBRD-87370 Int Charges 53,333.81
Nov 18, 2021 IBRD-87370 Loan Disb 4,544,364.50
Apr 15, 2022 IBRD-87370 Loan Repay 465,609.53
Apr 15, 2022 IBRD-87370 Int Charges 75,119.25
Apr 15, 2022 IBRD-87370 Int Charges 66,319.65
Apr 15, 2022 IBRD-87370 Loan Repay 90,898.64
Apr 15, 2021 IBRD-87370 Int Charges 79,632.50
Apr 15, 2021 IBRD-87370 Int Charges 53,042.37
Dec 27, 2019 IBRD-87370 Loan Disb 2,546,180.20
Apr 15, 2020 IBRD-87370 Int Charges 81,311.31
Apr 15, 2020 IBRD-87370 Int Charges 136,110.61
Oct 15, 2020 IBRD-87370 Int Charges 79,944.87
Oct 15, 2020 IBRD-87370 Int Charges 107,790.42
Oct 15, 2018 IBRD-87370 Int Charges 43,990.58
Oct 15, 2018 IBRD-87370 Int Charges 1,733.76
Oct 15, 2018 IBRD-87370 Int Charges 89,940.90
Oct 15, 2018 IBRD-87370 Int Charges 51,942.39
Jun 27, 2019 IBRD-87370 Loan Disb 3,758,034.80
Apr 15, 2019 IBRD-87370 Int Charges 79,795.96
Apr 15, 2019 IBRD-87370 Int Charges 87,584.51
Oct 15, 2019 IBRD-87370 Int Charges 85,234.35
Oct 15, 2019 IBRD-87370 Int Charges 118,472.41
Jan 31, 2018 IBRD-87370 Loan Disb 187,500.00
Jan 31, 2018 IBRD-87370 Fee Charges 187,500.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2024-03-06
Financial Management Satisfactory 2024-03-06
Overall Implementation Progress (IP) Moderately Satisfactory 2024-03-06
Monitoring and Evaluation Moderately Satisfactory 2024-03-06
Counterpart Funding Satisfactory 2024-03-06
Procurement Moderately Satisfactory 2024-03-06
Project Management Satisfactory 2024-03-06

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT:
Outcomes
Risk to Development Outcome
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Generation Capacity of Renewable Energy (other than hydropower) constructedValue0.001000.001000.00
    DateMarch 30, 2017September 18, 2023March 31, 2023
    Comment
  • Generation Capacity of Renewable Energy constructed-SolarValue0.00740.800.00
    Date
    Comment
  • GHG Emissions Reduction ('000 Tons of CO2 equivalent per year)Value0.007465.006837.00
    DateMarch 30, 2017September 18, 2023July 31, 2023
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Investment mobilized in solar projects in solar parks under the project (US$ Million)Value0.001475000000.001475000000.00
    DateMarch 30, 2017September 18, 2023July 31, 2023
    Comment
  • Grievances received that are addressed within two months of receiptValue0.00100.00100.00
    DateMarch 30, 2017September 18, 2023July 31, 2023
    Comment