| Financier | Commitments |
|---|---|
| Free-standing Single Purpose Trust Fund | 4.20 |
| Gender Trust Funds | 0.55 |
| IDA Credit | 3.83 |
| Borrower/Recipient | 1.00 |
| Clean Technology Fund | 8.57 |
| Canada Clean Energy and Forest Climate Facility Trust Fund | 3.71 |
Renewable Energy Sector Development Project
Abstract*
The development objective of the Renewable Energy Sector Development Project for Saint Lucia is to inform the Government of Saint Lucia on the viability of its geothermal resource for power generation and strengthen the enabling environment to scale-up clean energy investments with the private sector. The project comprises of two components. The first component, geothermal exploration drilling program will finance following sub-components: (i) exploration... Show More
Development Objective
The development objective is to inform the Government of Saint Lucia on the viability of its geothermal resource for power generation and strengthen the enabling environment to scale-up clean energy investments with the private sector.
Key Details
Project Details
P161316
Active
Neha Mukhi
Saint Lucia
May 30, 2017
(as of board presentation)
July 28, 2021
July 29, 2022
US$ 21.86 million
Ministry of Infrastructure, Port, Transport, Physical Development and Urban Renewal (MIPTPDUR)
2022
US$ 20.86 million
B
May 10, 2024
December 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 | 3.83 |
| IBRD + IDA Commitment | 3.83 |
| Lending Instrument | |
|---|---|
| Grant Amount | 17.03 |
| Total Project Cost** | 21.86 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 6, 2023 | IDA-69710 | Loan Disb | 246,999.94 |
| Jul 28, 2021 | IDA-69710 | Loan Commitment | 3,830,000.00 |
| Sep 18, 2023 | IDA-69710 | Int Charges | 2,981.28 |
| Nov 9, 2023 | IDA-69710 | Loan Disb | 320,966.97 |
| Mar 15, 2024 | IDA-69710 | Int Charges | 5,902.99 |
| Mar 15, 2024 | IDA-69710 | Int Charges | 5,902.99 |
| Feb 22, 2024 | IDA-69710 | Loan Disb | 384,848.00 |
| Jan 22, 2024 | IDA-69710 | Loan Disb | 132,726.31 |
| Aug 10, 2022 | IDA-69710 | Loan Disb | 290,000.00 |
| Mar 24, 2023 | IDA-69710 | Int Charges | 437.02 |
| Mar 24, 2023 | IDA-69710 | Int Charges | 437.02 |
| Mar 24, 2023 | IDA-69710 | Int Charges | 2,247.50 |
| Mar 24, 2023 | IDA-69710 | Int Charges | 2,247.50 |
| Jul 28, 2021 | TF-B6751 | Loan Commitment | 3,710,000.00 |
| Sep 18, 2023 | IDA-69710 | Int Charges | 2,981.28 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Satisfactory | 2025-02-28 |
| Monitoring and Evaluation | Satisfactory | 2025-02-28 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2025-02-28 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2025-02-28 |
| Financial Management | Moderately Satisfactory | 2025-02-28 |
| Overall Safeguards Rating | Satisfactory | 2025-02-28 |
| Procurement | Moderately Satisfactory | 2025-02-28 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Determination made by GoSL whether to pursue delineation drilling Value No No Yes Date May 7, 2021 March 26, 2024 June 30, 2025 Comment Legal and regulatory framework for clean energy investments in Saint Lucia finalized with Government Value 0.00 20.00 100.00 Date May 7, 2021 March 26, 2024 June 30, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Exploration Management Consultant (EMC) hired Value No Yes Yes Date May 7, 2021 June 29, 2023 June 29, 2022 Comment Number of draft laws prepared and presented to Parliament Value 0.00 0.00 2.00 Date April 26, 2018 March 26, 2024 April 25, 2024 Comment Drilling Program design finalized Value 0.00 90.00 100.00 Date May 13, 2021 March 26, 2024 June 30, 2025 Comment Number of energy sector regulations finalized Value 0.00 0.00 4.00 Date April 8, 2021 March 26, 2024 July 31, 2025 Comment Drilling Contractor hired Value No No Yes Date May 7, 2021 March 26, 2024 December 30, 2022 Comment Citizens reporting satisfaction with consultation process Value 0.00 96.00 90.00 Date February 28, 2019 March 26, 2024 February 28, 2024 Comment Project safeguard documentation updated based on final design, consulted and disclosed Value 0.00 0.00 100.00 Date May 13, 2021 March 26, 2024 June 30, 2025 Comment Share of women who participated in consultations Value 0.00 32.00 50.00 Date July 18, 2018 March 26, 2024 June 30, 2025 Comment Progress in land acquisition Value 0.00 0.00 100.00 Date May 10, 2021 March 26, 2024 December 30, 2022 Comment Changes to project activities as a result of citizen feedback Value 0.00 0.00 5.00 Date July 18, 2018 March 26, 2024 June 30, 2025 Comment Progress in infrastructure civil works required for the drilling program Value 0.00 0.00 100.00 Date May 10, 2021 March 26, 2024 March 29, 2024 Comment Percent of registered project related grievances responded to within stipulated service standards for response times Value 0.00 100.00 90.00 Date July 13, 2018 March 26, 2024 February 28, 2024 Comment Geothermal exploration wells drilled and tested Value 0.00 0.00 3.00 Date July 3, 2017 March 26, 2024 June 30, 2024 Comment Market sounding conducted related to the future commercial development of geothermal resources Value No No Yes Date May 10, 2021 March 26, 2024 June 30, 2025 Comment Drilling Report provided to the GoSL Value No No Yes Date May 11, 2021 March 26, 2024 June 30, 2025 Comment Number of capacity enhancement activities (trainings, workshops, etc.) completed Value 0.00 7.00 5.00 Date July 31, 2018 March 26, 2024 April 30, 2024 Comment Resource Capacity Report finalized Value No No Yes Date May 18, 2021 March 26, 2024 June 30, 2025 Comment Scholarships provided for female students to pursue electrical or mechanical engineering degrees Value 0.00 17.00 16.00 Date May 7, 2021 March 26, 2024 June 30, 2025 Comment Interim Feasibility Study provided to the GoSL Value No No Yes Date May 11, 2021 March 26, 2024 June 30, 2025 Comment Apprenticeships provided for female students in STEM field Value 0.00 3.00 20.00 Date May 7, 2021 March 26, 2024 June 30, 2025 Comment Female beneficiaries successfully employed in technical positions within the first year of completing scholarship and apprenticeship programs Value 0.00 20.00 60.00 Date May 7, 2021 March 26, 2024 June 30, 2025 Comment Geothermal resource potential for power generation confirmed through exploration drilling Value 0.00 0.00 30.00 Date February 28, 2019 March 26, 2024 July 28, 2025 Comment Female employees in the GoSL Electrical Inspectorate (MoIPEL) Value 15.00 20.00 30.00 Date May 7, 2021 March 26, 2024 June 30, 2025 Comment Expected annual CO2 emissions reductions Value 0.00 0.00 76941.00 Date April 8, 2021 March 26, 2024 July 31, 2025 Comment Number of studies conducted on direct use / productive uses for geothermal resources Value 0.00 0.00 2.00 Date April 15, 2021 March 26, 2024 July 31, 2025 Comment Volume of indirect financing catalyzed by CTF financing Value 0.00 0.00 151500000.00 Date November 25, 2018 March 26, 2024 June 30, 2024 Comment Female participation on direct use / productive use outreach events Value 0.00 0.00 50.00 Date April 15, 2021 March 26, 2024 July 31, 2025 Comment Jobs created Value 0.00 8.00 90.00 Date May 18, 2021 March 26, 2024 June 30, 2025 Comment Permanent positions Value 0.00 2.00 32.00 Date June 14, 2021 March 26, 2024 June 30, 2025 Comment Jobs held by women Value 0.00 3.00 22.00 Date June 14, 2021 March 26, 2024 June 30, 2025 Comment