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India Energy Efficiency Scale-up Program

Abstract*

The development objective of Energy Efficiency Scale-up Program Project for India are to scale up energy savings in residential and public sectors, strengthen Energy Efficiency Services Limited's (EESL) institutional capacity, and enhance its access to commercial financing. The Program consists of the following activities for FY 2018-2022, in EESL’s overall corporate investments program: Results Area 1) Energy Savings and Energy Efficiency (EE) Market...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The program and project development objectives are to scale up energy savings in residential and public sectors, strengthen EESL’s institutional capacity, and enhance its access to commercial financing.

Key Details

Project Details

  • P162849

  • Closed

  • Ivan Jaques Goldenberg , Yuge Ma

  • Energy Efficiency Services Limited (EESL)

  • India

  • March 28, 2017

  • (as of board presentation)

    May 17, 2018

  • November 6, 2018

  • US$ 1348.00 million

  • Energy Efficiency Services Limited (EESL)

  • South Asia

  • 2018

  • US$ 600.00 million

  • B

  • May 17, 2024

  • September 30, 2023

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 220.00
Bilateral Agencies (unidentified) 380.00
IBRD Guarantee 80.00
Foreign Private Commercial Sources (unidentified) 200.00
Borrower/Recipient 548.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 220.00
IDA Commitment N/A
IBRD + IDA Commitment 220.00
Lending Instrument
Grant Amount 380.00
Total Project Cost** 1348.00

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

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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$)
May 15, 2023 IBRD-88570 Int Charges 80,484.28
May 15, 2023 IBRD-88570 Int Charges 217,495.27
May 15, 2023 IBRD-88570 Int Charges 4,009,187.80
Nov 15, 2023 IBRD-88570 Int Charges 92,906.17
Nov 15, 2023 IBRD-88570 Int Charges 81,119.95
Nov 15, 2023 IBRD-88570 Int Charges 4,646,074.50
Nov 15, 2023 IBRD-88570 Loan Repay 5,536,319.50
Nov 6, 2023 IBRD-88570 Loan Disb 11,328,368.00
May 15, 2024 IBRD-88570 Int Charges 59,720.65
May 15, 2024 IBRD-88570 Loan Repay 5,911,608.00
May 15, 2024 IBRD-88570 Int Charges 698.32
May 15, 2024 IBRD-88570 Int Charges 46,242.27
May 15, 2024 IBRD-88570 Int Charges 59,720.65
May 15, 2024 IBRD-88570 Int Charges 5,037,846.50
May 15, 2024 IBRD-88570 Loan Repay 59,720.65
Mar 28, 2024 IBRD-88570 Loan Disb 21,201,280.00
May 17, 2018 IBRD-88570 Loan Commitment 220,000,000.00
May 15, 2021 IBRD-88570 Int Charges 114,502.64
Nov 15, 2021 IBRD-88570 Int Charges 110,154.34
Nov 15, 2021 IBRD-88570 Int Charges 623,490.80
Sep 10, 2021 IBRD-88570 Loan Disb 14,000,000.00
May 20, 2022 IBRD-88570 Loan Disb 13,505,791.00
May 15, 2022 IBRD-88570 Int Charges 97,227.77
May 15, 2022 IBRD-88570 Int Charges 586,098.80
May 15, 2022 IBRD-88570 Int Charges 97,227.77
Nov 15, 2022 IBRD-88570 Int Charges 82,280.79
Nov 15, 2022 IBRD-88570 Int Charges 2,466,361.20
May 15, 2023 IBRD-88570 Loan Repay 5,536,319.50
Feb 20, 2019 IBRD-88570 Loan Disb 55,000,000.00
Nov 6, 2018 IBRD-88570 Loan Disb 550,000.00
Nov 6, 2018 IBRD-88570 Fee Charges 550,000.00
Jun 14, 2019 IBRD-88570 Loan Disb 16,500,000.00
May 15, 2019 IBRD-88570 Int Charges 269,010.30
May 15, 2019 IBRD-88570 Int Charges 465,838.70
Jun 24, 2019 IBRD-88570 Loan Disb 12,459,716.00
Nov 15, 2019 IBRD-88570 Int Charges 1,504,767.10
Nov 15, 2019 IBRD-88570 Int Charges 164,482.61
Aug 29, 2019 IBRD-88570 Loan Disb 24,476,134.00
May 29, 2020 IBRD-88570 Loan Disb 18,587,336.00
May 15, 2020 IBRD-88570 Int Charges 138,107.05
May 15, 2020 IBRD-88570 Int Charges 1,438,068.20
Nov 15, 2020 IBRD-88570 Int Charges 883,392.90
Nov 15, 2020 IBRD-88570 Int Charges 117,942.32
May 15, 2021 IBRD-88570 Int Charges 609,339.10

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2023-03-24
Monitoring and Evaluation Satisfactory 2023-03-24
Overall Implementation Progress (IP) Moderately Unsatisfactory 2023-03-24

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 04-30-2024
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-28-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately UnsatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • PDO Indicator 1- Projected lifetime energy savings from LED bulbs, tube lights, EE ceiling fans and LED Street Lights sold via EESLprograms.Value197900.00329346.00331900.00
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • PDO Indicator 3- Amount of commercial financing leveraged by the IBRD guaranteeValue0.000.00200000000.00
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • PDO Indicator 4 - Establishment of Sustainable Development Unit and report on implementation of updated EHSS Manual covering all EESL programs under implementationValueNoYesYes
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • PDO Indicator 2- Avoided CO2 emissions associated with projected lifetime savings from LED bulbs, LED tube lights, energy efficientceiling fans and LED street lights sold via EESL programsValue160700000.00267171022.00269200000.00
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • IR Indicator 1.1- Number of LED bulbs and tube lights sold via EESL programValue216000000.00351186757.00351186649.00
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 2.1- Number of LED street lights installed under SLNPValue1967000.0010720957.0012900000.00
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 3.1 - EESL implementation of the three EE AC sustainability actions approvedValueNoYesYes
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 4.1- Periodic independent evaluations of EESL programsValueNoYesYes
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 1.2- Estimated number of beneficiaries (of which women) of LED bulbs sold via EESL programValue336000000.00539000000.00550190000.00
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 2.2 - Number of municipalities/towns/villages/gram panchayats with LED street lights installed through SLNPValue500.001600.001500.00
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 3.2 - EESL approval of business model for collaboration with private sectur ESCOs in the implementation of EESL's Builidng EE activitiesValueNoNoYes
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 4.2- Approval of capacity buidling and training program for EE provate sector to facilitate support and participation in EE market segmentsValueNoNoYes
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 1.3 - Number of energy efficient ceiling fans sold via EESL programValue587795.002300242.002300316.00
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 4.3 - Adoption by EESL managemnet of standardized procurement documents" "Guidelines", SBDs and MOU formatsValueNoYesYes
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 1.4- Approval of EESL strategy for sustainable LED market transformation in residential lighting, including set of indicators EESL will monitor and trackValueNoYesYes
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment
  • IR Indicator 1.0- Direct employment (number of jobs) created of which womenValue366.00676.00500.00
    DateMarch 31, 2017September 30, 2023September 30, 2023
    Comment