Renewable Energy and Improved Utility Performance Project

Abstract*

The proposed project comprises three components: Component 1: Renewable and Efficient Electricity Service (US$12.5 million of which US$5.5 million IBRD and US$7.0 million CCIF) This component will support: (i) the construction of small-scale solar power plants, their connection to the grid as well as the installation of pilot energy storage facilities for variable renewable energy (VRE) integration; and (ii) the installation of rooftop solar PV... Show More

Development Objective

The revised PDO is the following: (i) increase renewable energy generation; (ii) improve the performance of the electricity sector by restructuring the utility and leveraging private finance; and (iii) reach universal access to electricity in Cabo Verde.

Key Details

Project Details

Project ID
P170236
Status
Active
Team Leader
Raluca Golumbeanu
Borrower 2
Republic of Cabo Verde

Country
Cabo Verde
Disclosure Date
July 20, 2020
Approval Date
(as of board presentation)
December 8, 2021
Effective Date
March 15, 2022

Total Project Cost 1
US$ 51.50 million
Implementing Agency
Ministry of Finance,Special Project Management Unit
Region
Western and Central Africa
Fiscal Year 3
2022

Commitment Amount
US$ 16.50 million
Environmental Category
N/A
Last Update Date
May 13, 2024
Closing Date
December 31, 2026

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

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 - Adaptation13%
- FY17 - Mitigation88%
FY17 - Energy100%
- FY17 - Access to Energy100%
- FY17 - Energy Policies & Reform100%

FY17 - Human Development and Gender

FY17 - Disease Control71%
- FY17 - Pandemic Response71%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	3.50
Canada Clean Energy and Forest Climate Facility Trust Fund	7.50
International Bank for Reconstruction and Development	3.50
GLOBAL INFRASTRUCTURE FACILITY	2.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	3.50
IDA Commitment	3.50
IBRD + IDA Commitment	7.00

Lending Instrument
Grant Amount	9.50
Total Project Cost**	51.50

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Oct 15, 2023	IBRD-92980	Int Charges	4.63
Oct 15, 2023	IBRD-92980	Int Charges	3,882.86
Oct 15, 2023	IBRD-92980	Int Charges	12,814.15
Apr 15, 2024	IBRD-92980	Int Charges	199.18
Apr 15, 2024	IBRD-92980	Int Charges	3,117.69
Apr 15, 2024	IBRD-92980	Int Charges	34,330.46
Dec 8, 2021	TF-B6576	Loan Commitment	7,000,000.00
Dec 8, 2021	IDA-69930	Loan Commitment	3,500,000.00
Dec 8, 2021	IBRD-92980	Loan Commitment	3,500,000.00
Mar 15, 2022	IBRD-92980	Loan Disb	8,750.00
Mar 15, 2022	IBRD-92980	Fee Charges	8,750.00
Oct 15, 2022	IBRD-92980	Int Charges	4,376.02
Oct 15, 2022	IBRD-92980	Int Charges	129.29
Oct 15, 2022	IBRD-92980	Int Charges	669.56
Oct 15, 2022	IBRD-92980	Int Charges	9.99
Apr 15, 2023	IBRD-92980	Int Charges	8.95
Apr 15, 2023	IBRD-92980	Int Charges	4,352.11
Apr 15, 2023	IBRD-92980	Int Charges	224.99
Aug 4, 2023	IBRD-92980	Loan Disb	1,000,000.00
Nov 15, 2023	IDA-69930	Int Charges	45.15
Nov 15, 2023	IDA-69930	Int Charges	8,912.53
Nov 15, 2023	IDA-69930	Int Charges	8,912.53
Dec 29, 2023	IDA-69930	Loan Disb	45,009.51
Nov 2, 2023	IDA-69930	Loan Disb	26,998.93
Nov 2, 2023	IDA-69930	Loan Disb	29,895.49
Jul 10, 2023	IDA-69930	Loan Disb	96,782.48
Jul 10, 2023	IDA-69930	Loan Disb	33,309.83
Jul 10, 2023	IDA-69930	Loan Disb	11,436.61
Mar 12, 2024	IDA-69930	Loan Disb	28,595.38
Mar 29, 2024	IDA-69930	Loan Disb	22,926.64
Mar 29, 2024	IDA-69930	Loan Disb	31,694.35
Nov 2, 2023	IDA-69930	Loan Disb	17,260.01
Nov 30, 2023	IDA-69930	Loan Disb	35,357.53
Jun 28, 2024	IDA-69930	Loan Disb	33,837.98
Jun 28, 2024	IDA-69930	Loan Disb	38,334.55
Jun 28, 2024	IDA-69930	Loan Disb	32,864.32
May 15, 2024	IDA-69930	Int Charges	9,776.79
May 15, 2024	IDA-69930	Int Charges	9,776.79
May 15, 2024	IDA-69930	Int Charges	71.95
May 15, 2024	IDA-69930	Int Charges	71.95
Dec 19, 2022	IDA-69930	Loan Disb	7,723.72
Dec 19, 2022	IDA-69930	Loan Disb	7,007.95
Dec 19, 2022	IDA-69930	Loan Disb	30,274.40
Dec 21, 2022	IDA-69930	Loan Disb	19,215.15
Apr 26, 2022	IDA-69930	Loan Disb	100,000.00
Nov 16, 2022	IDA-69930	Int Charges	38.47
Nov 16, 2022	IDA-69930	Int Charges	38.47
Nov 16, 2022	IDA-69930	Int Charges	358.20
Nov 16, 2022	IDA-69930	Int Charges	358.20
Dec 19, 2022	IDA-69930	Loan Disb	10,838.65
Dec 19, 2022	IDA-69930	Loan Disb	21,812.83
Sep 27, 2022	IDA-69930	Loan Disb	164,444.56
Jul 20, 2023	IDA-69930	Loan Disb	42,541.52
Feb 8, 2023	IDA-69930	Loan Disb	1,900,000.00
May 15, 2023	IDA-69930	Int Charges	179.97
May 15, 2023	IDA-69930	Int Charges	179.97
May 15, 2023	IDA-69930	Int Charges	5,147.19
May 15, 2023	IDA-69930	Int Charges	5,147.19
Mar 8, 2023	IDA-69930	Loan Disb	7,123.69
Mar 8, 2023	IDA-69930	Loan Disb	3,260.10
Mar 8, 2023	IDA-69930	Loan Disb	11,828.88
Nov 15, 2023	IDA-69930	Int Charges	45.15

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2024-11-22
Project Management	Satisfactory	2024-11-22
Financial Management	Satisfactory	2024-11-22
Monitoring and Evaluation	Satisfactory	2024-11-22
Procurement	Satisfactory	2024-11-22
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-11-22

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 3.90
Date December 15, 2020 October 31, 2023 December 31, 2026
Comment
Power system losses Value 26.10 24.07 18.00
Date December 31, 2020 May 10, 2024 December 31, 2026
Comment
Renewable energy capacity installed as small-scale solar PV plants Value 0.00 0.00 3.30
Date June 22, 2021 October 31, 2023 December 31, 2026
Comment
Net greenhouse gas (GHG) emissions Value 0.00 0.00 4000.00
Date September 30, 2021 November 1, 2023 December 31, 2026
Comment
Renewable energy capacity installed as distributed solar PV Value 0.00 0.00 0.60
Date June 22, 2021 October 31, 2023 December 31, 2026
Comment
Net greenhouse gas (GHG) emissions Value 0.00 0.00 5000.00
Date December 15, 2020 October 31, 2023 December 31, 2026
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

New electricity generation company incorporated Value No No Yes
Date December 15, 2020 October 31, 2023 December 31, 2026
Comment
Technical specifications prepared for all infrastructure investments Value No Yes Yes
Date April 13, 2021 October 31, 2023 December 31, 2026
Comment
Power evacuation lines constructed Value 0.00 0.00 7.10
Date July 13, 2021 October 31, 2023 December 31, 2026
Comment
New electricity distribution company incorporated Value No No Yes
Date December 15, 2020 October 31, 2023 December 31, 2026
Comment
Technical assistance and capacity building provided to ARME Value No No Yes
Date April 13, 2021 October 31, 2023 December 31, 2026
Comment
New state-owned single buyer / transmission system operator established Value No No Yes
Date December 15, 2020 October 31, 2023 December 31, 2026
Comment
Technical assistance and capacity building provided to MICE / DNICE Value No Yes Yes
Date April 13, 2021 May 10, 2024 December 31, 2026
Comment
Energy storage facilities operational Value No No Yes
Date December 15, 2020 October 31, 2023 December 31, 2026
Comment
Private capital mobilized Value 0.00 0.00 35000000.00
Date April 16, 2021 October 31, 2023 December 31, 2026
Comment
Grievances received and addressed through the project’s Grievance Redress Mechanism within the specified timeframe Value 0.00 0.00 90.00
Date September 30, 2021 October 31, 2023 December 31, 2026
Comment
MWh renewable energy generated annually by small-scale solar plants Value 0.00 0.00 5781.00
Date April 13, 2021 October 31, 2023 December 31, 2026
Comment
Technical assistance and capacity building provided to the new TSO/SB Value No No Yes
Date April 27, 2021 October 31, 2023 December 31, 2026
Comment
MWh generated annually by distributed generation Value 0.00 0.00 1000.00
Date September 30, 2021 October 31, 2023 December 31, 2026
Comment
Percentage females enrolled in CERMI technical & business training programs Value 20.00 43.00 30.00
Date September 30, 2021 October 31, 2023 December 31, 2026
Comment
Percentage females employed for distributed generation O&M services Value 0.00 0.00 30.00
Date September 30, 2021 October 31, 2023 December 31, 2026
Comment
Jobs created Value 0.00 0.00 215.00
Date May 18, 2021 October 31, 2023 December 31, 2026
Comment
Permanent jobs created Value 0.00 0.00 45.00
Date May 25, 2021 October 31, 2023 December 31, 2026
Comment
Jobs created for women Value 0.00 0.00 26.00
Date May 25, 2021 October 31, 2023 December 31, 2026
Comment
Final ESS studies prepared for all infrastructure investments Value No Yes Yes
Date April 13, 2021 October 31, 2023 December 31, 2026
Comment
Number of small-scale power plants operational Value 0.00 0.00 4.00
Date July 13, 2021 October 31, 2023 December 31, 2026
Comment

Generation capacity of energy constructed or rehabilitated	Value	0.00	0.00	3.90
	Date	December 15, 2020	October 31, 2023	December 31, 2026
	Comment

Power system losses	Value	26.10	24.07	18.00
	Date	December 31, 2020	May 10, 2024	December 31, 2026
	Comment

Net greenhouse gas (GHG) emissions	Value	0.00	0.00	4000.00
	Date	September 30, 2021	November 1, 2023	December 31, 2026
	Comment

Power evacuation lines constructed	Value	0.00	0.00	7.10
	Date	July 13, 2021	October 31, 2023	December 31, 2026
	Comment

Energy storage facilities operational	Value	No	No	Yes
	Date	December 15, 2020	October 31, 2023	December 31, 2026
	Comment

Private capital mobilized	Value	0.00	0.00	35000000.00
	Date	April 16, 2021	October 31, 2023	December 31, 2026
	Comment

Percentage females enrolled in CERMI technical & business training programs	Value	20.00	43.00	30.00
	Date	September 30, 2021	October 31, 2023	December 31, 2026
	Comment

Jobs created	Value	0.00	0.00	215.00
	Date	May 18, 2021	October 31, 2023	December 31, 2026
	Comment

Permanent jobs created	Value	0.00	0.00	45.00
	Date	May 25, 2021	October 31, 2023	December 31, 2026
	Comment

Jobs created for women	Value	0.00	0.00	26.00
	Date	May 25, 2021	October 31, 2023	December 31, 2026
	Comment

Renewable Energy and Improved Utility Performance Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

Stay Connected, sign up for our:

Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS