| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 150.00 |
Chile Green Hydrogen Facility to Support a Green, Resilient and Inclusive Economic Development
Abstract*
The development objective of the Green Hydrogen Facility to Support Green, Resilient, and Inclusive Economic Development Project for Chile is to support the development of the green hydrogen industry in the Republic of Chile. The project comprises of two components. The first component, green hydrogen investment sub-loans and risk-mitigation facility will provide investment sub-loans on a preferential, but cost-covering basis to partially finance... Show More
Development Objective
The Project Development Objective is to support the development of the green hydrogen industry in the Republic of Chile.
Key Details
Project Details
P177533
Active
Janina Franco Salazar
Republic of Chile
December 24, 2021
(as of board presentation)
June 28, 2023
January 29, 2025
US$ 365.00 million
Corporación de Fomento de la Producción - CORFO
2023
US$ 150.00 million
N/A
January 29, 2024
June 30, 2028
TBD
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 150.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 150.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 365.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 28, 2023 | IBRD-95590 | Loan Commitment | 150,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2024-12-25 |
| Monitoring and Evaluation | Satisfactory | 2024-12-25 |
| Procurement | Satisfactory | 2024-12-25 |
| Financial Management | Moderately Satisfactory | 2024-12-25 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-12-25 |
| Overall Implementation Progress (IP) | Moderately Unsatisfactory | 2024-12-25 |
| Project Management | Moderately Satisfactory | 2024-12-25 |
| Monitoring and Evaluation | Satisfactory | 2024-12-25 |
| Financial Management | Moderately Satisfactory | 2024-12-25 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-12-25 |
| Project Management | Moderately Satisfactory | 2024-12-25 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Total capacity of electrolyzers supported under the GHF Value 0.00 0.00 210.00 Date July 1, 2023 September 26, 2023 June 30, 2028 Comment Net greenhouse gas (GHG) emissions Value 0.00 0.00 -141000.00 Date July 1, 2023 September 26, 2023 June 30, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of third-party experts available to assess subprojects and support CORFO's green hydrogen financing activities Value No experts available CORFO - with support from the Bank - has started w At least 3 firms or framework contracts have been Date July 1, 2023 September 26, 2023 June 30, 2028 Comment Total private co-financing Value 0.00 0.00 281000000.00 Date July 1, 2023 September 26, 2023 June 30, 2028 Comment Full-time equivalent (FTE) jobs created by sub-projects supported by the Project Value 0.00 0.00 14400.00 Date July 1, 2023 September 26, 2023 June 30, 2028 Comment Of which women Value 0.00 0.00 2100.00 Date July 1, 2023 September 26, 2023 June 30, 2028 Comment Share of senior management positions that are occupied by women within green hydrogen subprojects supported by the Project Value 0.00 0.00 30.00 Date July 1, 2023 September 26, 2023 June 30, 2028 Comment Level of satisfaction of stakeholders with the consultation and engagement process done by green hydrogen sub-projects financed by the Project. Value 0.00 35.00 60.00 Date June 30, 2023 September 26, 2023 June 30, 2028 Comment Sub-projects assessed by CORFO Value 0.00 0.00 15.00 Date July 1, 2023 September 26, 2023 June 30, 2028 Comment Newly established credit risk unit and E&S unit within CORFO are operational Value New credit risk unit and E&S risk unit within CORF The E&S unit is in the process of being establishe New credit and E&S risk units within CORFO have be Date July 3, 2023 September 26, 2023 July 31, 2028 Comment Green hydrogen investment sub-loans provided Value 0.00 0.00 8.00 Date July 1, 2023 September 26, 2023 June 30, 2028 Comment