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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

Project ID
P161869
Status
Closed
Team Leader
Monyl Toga Makang
Borrower 2
People's Republic of Bangladesh

Country
Bangladesh
Disclosure Date
May 24, 2017
Approval Date
(as of board presentation)
March 1, 2019
Effective Date
December 8, 2019

Total Project Cost 1
US$ 413.04 million
Implementing Agency
Electricity Generation Company of Bangladesh (EGCB),Infrastructure Development Company Limited (IDCOL),Sustainable and Renewable Energy Development Authority (SREDA)
Region
South Asia
Fiscal Year 3
2019

Commitment Amount
US$ 303.25 million
Environmental Category
B
Environmental and Social Risk
Not Applicable
Closing Date
July 31, 2025

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
June 19, 2024

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change100%
- FY17 - Mitigation100%
FY17 - Energy0%
- FY17 - Energy Efficiency0%

FY17 - Finance

FY17 - Finance for Development100%
- FY17 - Infrastructure Finance100%

FY17 - Private Sector Development

FY17 - Public Private Partnerships100%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management24%
- FY17 - Flood and Drought Risk Management24%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
GERMANY: KREDITANSTALT FUR WIEDERAUFBAU (KFW)	59.00
Bilateral Agencies (unidentified)	59.00
IDA Credit	156.00
Borrowing Country's Fin. Intermediary/ies	33.00
Strategic Climate Fund Credit	26.38
Strategic Climate Fund Grant	2.87
Borrower/Recipient	15.79

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 September 30, 2025

No data available.

Detailed Financial Activity as of September 30, 2025

Download:

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	2025-05-19
Progress towards achievement of PDO	Moderately Satisfactory	2025-05-19
Financial Management	Satisfactory	2025-05-19
Monitoring and Evaluation	Satisfactory	2025-05-19
Overall Implementation Progress (IP)	Moderately Satisfactory	2025-05-19
Procurement	Satisfactory	2025-05-19

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Generation capacity of energy constructed or rehabilitated Value 0.00 130.00 310.00
Date January 1, 2019 April 24, 2024 July 31, 2025
Comment
Renewable energy generation capacity (other than hydropower) constructed under the project Value 0.00 130.00 310.00
Date January 1, 2019 April 24, 2024 July 31, 2025
Comment
GW of renewable energy capacity enabled Value 0.00 0.13 0.31
Date January 1, 2019 April 24, 2024 July 31, 2025
Comment
$ billions in total private capital mobilized Value 0.00 0.01 0.12
Date January 1, 2019 April 24, 2024 July 31, 2025
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Net greenhouse gas emissions Value 0.00 87000.00 58000.00
Date January 1, 2019 April 24, 2024 July 31, 2025
Comment
Millions of people provided with access to electricity Value 0.00 0.00 0.07
Date January 31, 2024 March 20, 2024 July 31, 2025
Comment
Waste-to-energy pilot construction completed Value No No Yes
Date January 1, 2019 April 24, 2024 July 31, 2025
Comment
Number of women employed in the Project by EGCB and its EPC contractor Value 0.00 11.00 40.00
Date January 1, 2019 October 10, 2023 July 31, 2025
Comment
New or better jobs, of which (%) for women and youth Value 0.00 0.00 1970.00
Date January 1, 2019 March 20, 2024 July 31, 2025
Comment
Share of women benefiting from capacity building by SREDA Value 0.00 15.00 30.00
Date January 1, 2019 October 9, 2023 July 31, 2025
Comment
Net greenhouse gas emissions Value 0.00 71000.00 319000.00
Date January 1, 2019 April 24, 2024 July 31, 2025
Comment
Investment mobilized for renewable energy generation capacity (US$) Value 0.00 20000000.00 212000000.00
Date January 1, 2019 April 24, 2024 July 31, 2025
Comment
REFF portfolio at risk Value 0.00 0.00 4.00
Date January 1, 2019 April 24, 2024 July 31, 2025
Comment
Share of end-users expressing satisfaction with rooftop PV systems due to the improvement in electricity service Value 0.00 100.00 75.00
Date January 1, 2019 October 9, 2023 July 31, 2025
Comment
Share of women benefiting from outreach initiatives by IDCOL Value 0.00 6.00 20.00
Date January 1, 2019 October 9, 2023 July 31, 2025
Comment

Generation capacity of energy constructed or rehabilitated	Value	0.00	130.00	310.00
	Date	January 1, 2019	April 24, 2024	July 31, 2025
	Comment

GW of renewable energy capacity enabled	Value	0.00	0.13	0.31
	Date	January 1, 2019	April 24, 2024	July 31, 2025
	Comment

Net greenhouse gas emissions	Value	0.00	87000.00	58000.00
	Date	January 1, 2019	April 24, 2024	July 31, 2025
	Comment

REFF portfolio at risk	Value	0.00	0.00	4.00
	Date	January 1, 2019	April 24, 2024	July 31, 2025
	Comment

Share of end-users expressing satisfaction with rooftop PV systems due to the improvement in electricity service	Value	0.00	100.00	75.00
	Date	January 1, 2019	October 9, 2023	July 31, 2025
	Comment

Share of women benefiting from outreach initiatives by IDCOL	Value	0.00	6.00	20.00
	Date	January 1, 2019	October 9, 2023	July 31, 2025
	Comment

Countdown to the 2025 World Bank Annual Meetings

Bangladesh Scaling-up Renewable Energy Project

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of September 30, 2025

Detailed Financial Activity as of September 30, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS