| Financier | Commitments |
|---|---|
| IDA Credit | 150.00 |
| Foundation/s (identified) | 40.00 |
| IDA Shorter Maturity Loan (SML) | 600.00 |
Nigeria Distributed Access through Renewable Energy Scale-up Project
Abstract*
The development objective of the Distributed Access Through Renewable Energy Scale-Up Project for Nigeria is to increase access to electricity services for households and micro, small, and medium-sized enterprises (MSMEs) with private sector led distributed renewable energy generation. The project comprises of three components. The first component, solar hybrid mini grids for economic development will support the development of privately owned and... Show More
Development Objective
The project development objective (PDO) is to increase private sector led access to reliable electricity services for households, public institutions, and commercial customers in Nigeria, and facilitate increased productive uses of clean electricity.
Key Details
Project Details
P179687
Active
Arsh Sharma , Ashish Shrestha, Collins Obi
Federal Republic of Nigeria
March 1, 2023
(as of board presentation)
December 14, 2023
November 15, 2024
US$ 750.00 million
Lagos State Electricity Board,Rural Electrification Agency
2024
US$ 750.00 million
N/A
May 12, 2023
December 31, 2028
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 750.00 |
| IBRD + IDA Commitment | 750.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 750.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Dec 14, 2023 | IDA-74660 | Loan Commitment | 350,000,000.00 |
| Dec 14, 2023 | IDA-74680 | Loan Commitment | 150,000,000.00 |
| Dec 14, 2023 | IDA-74670 | Loan Commitment | 250,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Satisfactory | 2024-10-31 |
| Financial Management | Satisfactory | 2024-10-31 |
| Monitoring and Evaluation | Satisfactory | 2024-10-31 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-10-31 |
| Project Management | Satisfactory | 2024-10-31 |
| Progress towards achievement of PDO | Satisfactory | 2024-10-31 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.