| Financier | Commitments |
|---|---|
| IDA Grant | 60.00 |
Renewable Energy Generation and Access Increase Project
Abstract*
The project will increase the share of renewable energy generation, improve electricity service in targeted islands and strengthen the capacity (including gender inclusion) of key energy sector entities. The Project will fund renewable energy integration, distribution network and resilience enhancement upgrades, new hybrid mini grids, technical assistance, and implementation support. The Project activities are grouped into three components.
Component... Show More
Development Objective
To (i) increase renewable energy generation and (ii) improve the reliability and quality of electricity service in targeted main and outer islands.
Key Details
Project Details
P181250
Active
Myoe Myint
Republic of Marshall Islands
January 25, 2024
(as of board presentation)
September 24, 2024
December 13, 2024
US$ 50.00 million
Marshalls Energy Company (MEC)
2025
US$ 60.00 million
N/A
July 12, 2023
September 30, 2030
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 60.00 |
| IBRD + IDA Commitment | 60.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 50.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Overall Implementation Progress (IP) | Satisfactory | 2024-12-23 |
| Procurement | Satisfactory | 2024-12-23 |
| Progress towards achievement of PDO | Satisfactory | 2024-12-23 |
| Project Management | Satisfactory | 2024-12-23 |
| Financial Management | Satisfactory | 2024-12-23 |
| Monitoring and Evaluation | Satisfactory | 2024-12-23 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.