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Bangladesh Scaling-up Renewable Energy Project

Development Objective

The Project Development Objective is to increase installed generation capacity of, and mobilize financing for, renewable energy in Bangladesh.

Key Details

Project Details

  • P161869

  • Active

  • Monyl Toga Makang

  • People's Republic of Bangladesh

  • Bangladesh

  • May 24, 2017

  • (as of board presentation)

    March 1, 2019

  • December 8, 2019

  • US$ 413.04 million

  • Infrastructure Development Company Limited (IDCOL),Sustainable and Renewable Energy Development Authority (SREDA),Electricity Generation Company of Bangladesh (EGCB)

  • South Asia

  • 2019

  • US$ 303.25 million

  • B

  • June 19, 2024

  • July 31, 2025

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Strategic Climate Fund Credit 26.38
Strategic Climate Fund Grant 2.87
IDA Credit 156.00
Bilateral Agencies (unidentified) 59.00
Borrower/Recipient 15.79
Borrowing Country's Fin. Intermediary/ies 33.00
GERMANY: KREDITANSTALT FUR WIEDERAUFBAU (KFW) 59.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 156.00
IBRD + IDA Commitment 156.00
Lending Instrument
Grant Amount 147.25
Total Project Cost** 413.04

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

Download:
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$)
Jun 6, 2024 IDA-63630 Loan Disb 527,975.30
May 10, 2024 IDA-63630 Loan Disb 308.00
Jun 28, 2024 IDA-63630 Loan Disb 794,072.94
Mar 1, 2019 IDA-63630 Loan Commitment 156,000,000.00
Mar 1, 2019 TF-A7640 Loan Commitment 26,380,000.00
Nov 27, 2023 IDA-63630 Loan Disb 783,056.75
Oct 16, 2023 IDA-63630 Loan Disb 46,344.55
Jul 8, 2024 IDA-63630 Loan Disb 7,968,987.50
Feb 29, 2024 IDA-63630 Loan Disb 571,812.70
Jun 18, 2024 IDA-63630 Loan Disb 635,862.60
Jul 2, 2024 IDA-63630 Loan Disb 175,926.86
Jul 1, 2024 IDA-63630 Int Charges 380,656.47
Jul 1, 2024 IDA-63630 Int Charges 17,181.73
Jul 1, 2024 IDA-63630 Loan Repay 620,340.80
Mar 7, 2024 IDA-63630 Loan Disb 166,015.40
Feb 8, 2024 IDA-63630 Loan Disb 318,181.84
May 28, 2024 IDA-63630 Loan Disb 68,270.50
Jul 1, 2024 IDA-63630 Loan Repay 1,832,138.50
Jul 1, 2024 IDA-63630 Int Charges 236,387.08
Jul 1, 2024 IDA-63630 Int Charges 236,387.08
Jun 20, 2024 IDA-63630 Loan Disb 746,036.30
May 16, 2024 IDA-63630 Loan Disb 1,709,401.80
Jun 20, 2024 IDA-63630 Loan Disb 237,725.55
Jun 20, 2024 IDA-63630 Loan Disb 250,922.62
Jun 20, 2024 IDA-63630 Loan Disb 2,068.01
Jun 20, 2024 IDA-63630 Loan Disb 1,350,306.60
Jun 28, 2024 IDA-63630 Loan Disb 254,752.60
May 16, 2024 IDA-63630 Loan Disb 748,445.60
Jun 5, 2023 IDA-63630 Loan Disb 357,957.60
Jun 28, 2023 IDA-63630 Loan Disb 114,776.61
Sep 28, 2023 IDA-63630 Loan Disb 1,480,566.20
Jul 1, 2023 IDA-63630 Int Charges 143,087.19
Jun 28, 2023 IDA-63630 Loan Disb 880,520.80
Jun 28, 2023 IDA-63630 Loan Disb 459,080.16
Jun 28, 2023 IDA-63630 Loan Disb 238,779.88
Jun 15, 2023 IDA-63630 Loan Disb 582,213.25
Aug 6, 2023 IDA-63630 Loan Disb -50,421.41
Aug 6, 2023 IDA-63630 Loan Disb 50,421.41
Jun 12, 2023 IDA-63630 Loan Disb 348,999.53
May 25, 2023 IDA-63630 Loan Disb 1,722,488.00
May 17, 2023 IDA-63630 Loan Disb 58,123.44
May 17, 2023 IDA-63630 Loan Disb 611,958.75
May 17, 2023 IDA-63630 Loan Disb 482,035.20
May 17, 2023 IDA-63630 Loan Disb 201,102.95
May 17, 2023 IDA-63630 Loan Disb 30,250.00
Jul 1, 2023 IDA-63630 Int Charges 215,749.86
Jul 1, 2023 IDA-63630 Int Charges 19,340.12
Jul 1, 2023 IDA-63630 Int Charges 143,087.19
Jun 29, 2023 IDA-63630 Loan Disb 750,225.90
Oct 19, 2023 IDA-63630 Loan Disb 30,722.01
Nov 21, 2023 IDA-63630 Loan Disb 278,350.80
Jan 1, 2024 IDA-63630 Int Charges 22,934.00
Jan 1, 2024 IDA-63630 Int Charges 227,262.39
Jan 1, 2024 IDA-63630 Int Charges 227,262.39
Jan 1, 2024 IDA-63630 Int Charges 361,255.34
Jan 1, 2023 IDA-63630 Int Charges 48,429.25
Mar 13, 2023 IDA-63630 Loan Disb 83,362.46
Mar 13, 2023 IDA-63630 Loan Disb 863,376.06
Apr 6, 2022 IDA-63630 Loan Disb 617,001.90
Jul 1, 2022 IDA-63630 Int Charges 20,674.83
Jul 1, 2022 IDA-63630 Int Charges 34,377.86
Apr 27, 2022 IDA-63630 Loan Disb 38,060.79
Feb 28, 2022 IDA-63630 Loan Disb 1,337,209.20
Jan 1, 2022 IDA-63630 Int Charges 12,832.87
Jan 1, 2022 IDA-63630 Int Charges 12,832.87
Jan 1, 2022 IDA-63630 Int Charges 21,214.82
Jan 1, 2022 IDA-63630 Int Charges 31.34
Jan 1, 2022 IDA-63630 Int Charges 31.34
Nov 1, 2022 IDA-63630 Loan Disb 840,282.10
Jan 1, 2023 IDA-63630 Int Charges 80.25
Jan 1, 2023 IDA-63630 Int Charges 40,668.34
Nov 15, 2022 IDA-63630 Loan Disb 5,154,639.00
Jan 31, 2023 IDA-63630 Loan Disb 950,000.00
Feb 13, 2023 IDA-63630 Loan Disb 3,567,829.20
Jan 20, 2023 IDA-63630 Loan Disb 1,196,161.20
Jan 1, 2023 IDA-63630 Int Charges 40,668.34
Jun 1, 2020 IDA-63630 Loan Disb 105,785.99
Oct 8, 2020 IDA-63630 Loan Disb 79,599.06
Jan 1, 2021 IDA-63630 Int Charges 69.45
Jan 1, 2021 IDA-63630 Int Charges 69.45
Jan 1, 2021 IDA-63630 Int Charges 115.74
Jan 1, 2021 IDA-63630 Int Charges 557.13
Jan 1, 2021 IDA-63630 Int Charges 557.13
Jan 1, 2021 IDA-63630 Int Charges 895.30
Jul 1, 2021 IDA-63630 Int Charges 32.84
Mar 31, 2021 IDA-63630 Loan Disb 347,561.25
Jul 1, 2021 IDA-63630 Int Charges 2,291.82
Jul 1, 2021 IDA-63630 Int Charges 1,375.10
Jul 1, 2021 IDA-63630 Int Charges 1,375.10
Aug 2, 2021 IDA-63630 Loan Disb 3,504,106.80
Sep 15, 2021 IDA-63630 Loan Disb 12,910.80
Dec 14, 2021 IDA-63630 Loan Disb 38,228.46
Dec 14, 2021 IDA-63630 Loan Disb 487,409.30
Jun 27, 2022 IDA-63630 Loan Disb 3,044,181.00
Jan 23, 2023 IDA-63630 Loan Disb 758,689.30
Mar 3, 2023 IDA-63630 Loan Disb 373,886.70
Feb 16, 2023 IDA-63630 Loan Disb 284,660.66
Jan 27, 2023 IDA-63630 Loan Disb 4,173,282.20
Feb 16, 2023 IDA-63630 Loan Disb 1,663,265.00
Feb 16, 2023 IDA-63630 Loan Disb 1,073,294.40
Feb 16, 2023 IDA-63630 Loan Disb 84,492.90
May 3, 2023 IDA-63630 Loan Disb 99,416.35
Apr 5, 2023 IDA-63630 Loan Disb 1,588,473.20
Feb 14, 2023 IDA-63630 Loan Disb 1,432,938.50
Feb 14, 2023 IDA-63630 Loan Disb 89,892.00
Feb 14, 2023 IDA-63630 Loan Disb 203,860.55
Mar 30, 2023 IDA-63630 Loan Disb 536,624.75
Mar 30, 2023 IDA-63630 Loan Disb 33,702.28
Mar 30, 2023 IDA-63630 Loan Disb 829,070.00
Apr 26, 2023 IDA-63630 Loan Disb 124,987.50
May 9, 2023 IDA-63630 Loan Disb 2,540,484.80
May 9, 2023 IDA-63630 Loan Disb 370,866.30
May 9, 2023 IDA-63630 Loan Disb 172,609.05
Apr 10, 2023 IDA-63630 Loan Disb 1,159,038.00
May 16, 2023 IDA-63630 Loan Disb 207,684.38
May 16, 2023 IDA-63630 Loan Disb 64,507.14
Apr 24, 2023 IDA-63630 Loan Disb 520,372.84
Apr 11, 2023 IDA-63630 Loan Disb 450,186.40
Apr 11, 2023 IDA-63630 Loan Disb 3,337,719.00
Aug 3, 2023 IDA-63630 Loan Disb 494,877.66
Jul 14, 2023 IDA-63630 Loan Disb 101,335.90
Aug 3, 2023 IDA-63630 Loan Disb 188,303.33
Aug 3, 2023 IDA-63630 Loan Disb 238,589.45
Aug 23, 2023 IDA-63630 Loan Disb 456,829.60
Jan 11, 2023 IDA-63630 Loan Disb 498,711.94
Jan 26, 2023 IDA-63630 Loan Disb 1,864,424.00
May 4, 2023 IDA-63630 Loan Disb 2,541,239.00
Mar 31, 2023 IDA-63630 Loan Disb 50,421.41
Feb 22, 2023 IDA-63630 Loan Disb 1,395,880.40
Aug 3, 2023 IDA-63630 Loan Disb 154,183.40
May 26, 2023 IDA-63630 Loan Disb 380,355.88
Jun 5, 2023 IDA-63630 Loan Disb 464,279.20
Jul 1, 2022 IDA-63630 Int Charges 214.26
Jul 1, 2022 IDA-63630 Int Charges 20,674.83

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Project Management Moderately Satisfactory 2024-10-29
Financial Management Satisfactory 2024-10-29
Progress towards achievement of PDO Moderately Satisfactory 2024-10-29
Procurement Satisfactory 2024-10-29
Monitoring and Evaluation Satisfactory 2024-10-29
Overall Implementation Progress (IP) Moderately Satisfactory 2024-10-29
Overall Safeguards Rating Satisfactory 2024-10-29

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • GW of renewable energy capacity enabledValue0.000.130.31
    DateJanuary 1, 2019April 24, 2024July 31, 2025
    Comment
  • $ billions in total private capital mobilizedValue0.000.010.12
    DateJanuary 1, 2019April 24, 2024July 31, 2025
    Comment
  • Generation capacity of energy constructed or rehabilitatedValue0.00130.00310.00
    DateJanuary 1, 2019April 24, 2024July 31, 2025
    Comment
  • Renewable energy generation capacity (other than hydropower) constructed under the projectValue0.00130.00310.00
    DateJanuary 1, 2019April 24, 2024July 31, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Net greenhouse gas emissionsValue0.0087000.0058000.00
    DateJanuary 1, 2019April 24, 2024July 31, 2025
    Comment
  • Millions of people provided with access to electricityValue0.000.000.07
    DateJanuary 31, 2024March 20, 2024July 31, 2025
    Comment
  • Waste-to-energy pilot construction completedValueNoNoYes
    DateJanuary 1, 2019April 24, 2024July 31, 2025
    Comment
  • Number of women employed in the Project by EGCB and its EPC contractorValue0.0011.0040.00
    DateJanuary 1, 2019October 10, 2023July 31, 2025
    Comment
  • New or better jobs, of which (%) for women and youthValue0.000.001970.00
    DateJanuary 1, 2019March 20, 2024July 31, 2025
    Comment
  • Share of women benefiting from capacity building by SREDAValue0.0015.0030.00
    DateJanuary 1, 2019October 9, 2023July 31, 2025
    Comment
  • Net greenhouse gas emissionsValue0.0071000.00319000.00
    DateJanuary 1, 2019April 24, 2024July 31, 2025
    Comment
  • Investment mobilized for renewable energy generation capacity (US$)Value0.0020000000.00212000000.00
    DateJanuary 1, 2019April 24, 2024July 31, 2025
    Comment
  • REFF portfolio at riskValue0.000.004.00
    DateJanuary 1, 2019April 24, 2024July 31, 2025
    Comment
  • Share of end-users expressing satisfaction with rooftop PV systems due to the improvement in electricity serviceValue0.00100.0075.00
    DateJanuary 1, 2019October 9, 2023July 31, 2025
    Comment
  • Share of women benefiting from outreach initiatives by IDCOLValue0.006.0020.00
    DateJanuary 1, 2019October 9, 2023July 31, 2025
    Comment