| Financier | Commitments |
|---|---|
| IDA Grant | 34.00 |
Sustainable Energy Development Project
Abstract*
The development objective of the Sustainable Energy Development Project for Marshall Islands is to increase the share of renewable energy generation in the Recipient’s territory,and enhance the reliability of electricity supply and improve energy efficiency in the Project Areas. The project has three component. First component, renewable energy investments. This component will include the following two sub-components: (a) Renewable Energy Development... Show More
Development Objective
The objective of the project is to increase the share of renewable energy generation in the Recipient’s territory, and enhance the reliability of electricity supply and improve energy efficiency in the Project Areas.
Key Details
Project Details
P160910
Active
Myoe Myint
Republic of the Marshall Islands
May 1, 2017
(as of board presentation)
December 15, 2017
April 30, 2018
US$ 34.00 million
Marshalls Energy Company (MEC)
2018
US$ 34.00 million
B
December 7, 2023
October 31, 2025
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 34.00 |
| IBRD + IDA Commitment | 34.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 34.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Sep 27, 2022 | IDA-D2610 | Loan Disb | 572,845.80 |
| Dec 21, 2022 | IDA-D2610 | Loan Disb | 112,678.38 |
| Nov 2, 2022 | IDA-D2610 | Loan Disb | 57,905.39 |
| Oct 6, 2022 | IDA-D2610 | Loan Disb | 393,107.38 |
| Jun 14, 2018 | IDA-D2610 | Loan Disb | 200,000.02 |
| Dec 20, 2018 | IDA-D2610 | Loan Disb | 175,750.98 |
| Jul 19, 2018 | IDA-D2610 | Loan Disb | 600,000.00 |
| Jul 9, 2019 | IDA-D2610 | Loan Disb | 379,015.75 |
| Aug 13, 2019 | IDA-D2610 | Loan Disb | 927,016.80 |
| Jan 15, 2020 | IDA-D2610 | Loan Disb | 579,385.50 |
| May 21, 2020 | IDA-D2610 | Loan Disb | 420,486.12 |
| Sep 28, 2020 | IDA-D2610 | Loan Disb | 579,385.50 |
| Jan 15, 2021 | IDA-D2610 | Loan Disb | 557,079.80 |
| Dec 15, 2017 | IDA-D2610 | Loan Commitment | 34,000,000.00 |
| Aug 7, 2023 | IDA-D2610 | Loan Disb | 306,908.22 |
| Nov 29, 2023 | IDA-D2610 | Loan Disb | 341,046.66 |
| Dec 4, 2023 | IDA-D2610 | Loan Disb | 203,893.70 |
| Dec 13, 2023 | IDA-D2610 | Loan Disb | -203,673.44 |
| Jan 4, 2024 | IDA-D2610 | Loan Disb | 286,955.20 |
| May 24, 2024 | IDA-D2610 | Loan Disb | 408,551.00 |
| Jun 26, 2024 | IDA-D2610 | Loan Disb | 793,826.60 |
| Aug 8, 2024 | IDA-D2610 | Loan Disb | 176,910.81 |
| Jun 28, 2024 | IDA-D2610 | Loan Disb | 1,111,464.40 |
| Jun 24, 2024 | IDA-D2610 | Loan Disb | 138,631.50 |
| Jun 24, 2024 | IDA-D2610 | Loan Disb | 162,715.62 |
| Jun 28, 2024 | IDA-D2610 | Loan Disb | 1,026,509.00 |
| Feb 26, 2024 | IDA-D2610 | Loan Disb | 263,272.47 |
| Apr 30, 2024 | IDA-D2610 | Loan Disb | 1,348,995.60 |
| Feb 11, 2021 | IDA-D2610 | Loan Disb | 2,594,571.50 |
| Jun 23, 2021 | IDA-D2610 | Loan Disb | 598,188.10 |
| Jul 22, 2022 | IDA-D2610 | Loan Disb | 1,087,530.10 |
| Jun 23, 2022 | IDA-D2610 | Loan Disb | 595,567.60 |
| Jun 8, 2022 | IDA-D2610 | Loan Disb | 197,828.40 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Monitoring and Evaluation | Satisfactory | 2024-12-23 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-12-23 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-12-23 |
| Project Management | Moderately Satisfactory | 2024-12-23 |
| Financial Management | Moderately Satisfactory | 2024-12-23 |
| Procurement | Moderately Satisfactory | 2024-12-23 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: |
|---|---|
| Outcomes | |
| Risk to Development Outcome | |
| Bank Performance | |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.