| Financier | Commitments |
|---|---|
| IDA Credit | 31.50 |
| International Bank for Reconstruction and Development | 1468.50 |
Second Low-Carbon Energy Programmatic Development Policy Financing
Abstract*
India has made very significant development progress in recent decades and is expected to remain on an ascendent trajectory: its aspirations to become a high-income economy by 2047 would require it to elevate its rate of growth even further. From 1991 to today, the size of the economy has multiplied more than ten times, and gross domestic product (GDP) per capita seven times. From 1993-2022, the extreme poverty rate declined from 48 percent to 12.9... Show More
Development Objective
To accelerate the development of low-carbon energy in India.
Key Details
Project Details
P181195
Active
Aurelien Kruse , Xiaodong Wang, Surbhi Goyal
India
October 18, 2023
(as of board presentation)
June 28, 2024
August 8, 2024
US$ 0.00 million
Ministry of New and Renewable Energy
2024
US$ 1500.00 million
N/A
February 15, 2024
June 30, 2026
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 1468.50 |
| IDA Commitment | 31.50 |
| IBRD + IDA Commitment | 1500.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Aug 12, 2024 | IDA-76090 | Loan Disb | 31,421,250.00 |
| Aug 8, 2024 | IDA-76090 | Loan Disb | 78,750.00 |
| Aug 8, 2024 | IDA-76090 | Fee Charges | 78,750.00 |
| Aug 8, 2024 | IBRD-97050 | Loan Disb | 3,671,250.00 |
| Aug 8, 2024 | IBRD-97050 | Fee Charges | 3,671,250.00 |
| Aug 9, 2024 | IBRD-97050 | Loan Disb | 1,464,828,800.00 |
| Jun 28, 2024 | IDA-76090 | Loan Commitment | 31,500,000.00 |
| Jun 28, 2024 | IBRD-97050 | Loan Commitment | 1,468,499,970.00 |
Results Framework
No data available.