| Financier | Commitments |
|---|---|
| IDA Guarantee | 10.00 |
Renewable Energy Guarantees Program
Abstract*
The objective of the Renewable Energy Guarantees Program Project for Ethiopia is to increase renewable energy generation capacity through private sector participation in Ethiopia. There is one component to the project, the first component being Metehara Solar IPP. The REGREP first phase consists of IDA guarantee support to the Metehara Solar IPP (100 MW), which is the most advanced IPP transaction. The Metehara Solar IPP is expected to be operational... Show More
Development Objective
The PDO for REGREP Phase 1 is to increase renewable energy generation capacity t hrough private sector participation in Ethiopia.
Key Details
Project Details
P162607
Active
Yun Wu , Vincent Launay
Ministry of Finance
April 23, 2019
(as of board presentation)
May 23, 2019
N/A
US$ 130.00 million
Ethiopian Electric Power
2019
US$ 0.00 million
N/A
December 19, 2024
December 31, 2025
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 130.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| May 23, 2019 | IDA-G2850 | Loan Commitment | 10,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Financial Management | Satisfactory | 2022-03-30 |
| Monitoring and Evaluation | Satisfactory | 2022-03-30 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2022-03-30 |
| Procurement | Satisfactory | 2022-03-30 |
| Project Management | Satisfactory | 2022-03-30 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2022-03-30 |
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 0.00 1000.00 Date December 31, 2018 November 24, 2021 December 31, 2025 Comment Renewable energy generation capacity (other than hydropower) constructed under the project Value 0.00 0.00 1000.00 Date December 31, 2018 November 24, 2021 December 31, 2025 Comment Amount of private capital mobilized under the IPP program Value 0.00 0.00 800.00 Date December 31, 2018 November 24, 2021 December 31, 2025 Comment Share of private capital (equity and debt) deployed in new IPPs Value 25.00 25.00 65.00 Date December 31, 2018 November 24, 2021 December 31, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Annual greenhouse gas emission reductions Value 0.00 0.00 1000.00 Date December 31, 2018 March 20, 2024 December 30, 2022 Comment Increased renewable energy generation capacity under the IPP program that has reached financial close Value 0.00 0.00 100.00 Date December 31, 2018 March 20, 2024 June 30, 2020 Comment Total number of IPP plants that have completed construction Value 0.00 0.00 1.00 Date December 31, 2018 March 20, 2024 June 30, 2021 Comment Total number of IPP plants that have begun construction Value 0.00 0.00 1.00 Date December 31, 2018 March 20, 2024 June 30, 2020 Comment Standard documents for IPP procurement published online Value 0.00 2.00 4.00 Date December 31, 2018 March 20, 2024 December 31, 2020 Comment EEP’s Gender Action Plan under implementation with regular progress reporting Value No Yes Yes Date December 31, 2018 March 20, 2024 December 31, 2019 Comment Response rate under the project’s GRM Value 0.00 0.00 100.00 Date December 31, 2018 March 20, 2024 December 31, 2019 Comment