Skip to Main Navigation

Bangladesh Climate and Carbon Finance for Renewable Energy

Abstract*

The proposed project intends to make results-based climate/carbon finance payments of up to US$16.76 million to IDCOL in exchange for verified emissions reductions (ERs) generated between January 2021 and December 2024 by 2.4 million installations of the existing solar home systems (SHS) implemented by IDCOL under the World Bank RERED II program. The RBC/CF transaction also fulfills a broader, more impactful objective of setting up a pilot transaction...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

Show More

Development Objective

Mobilizing climate and carbon finance support for distributed renewable energy development in Bangladesh

Key Details

Project Details

  • P181384

  • Active

  • Tanuja Bhattacharjee , Zhuo Cheng

  • People's Republic of Bangladesh

  • Bangladesh

  • February 13, 2024

  • (as of board presentation)

    December 18, 2024

  • February 8, 2025

  • US$ 16.00 million

  • Infrastructure Development Company Limited (IDCOL)

  • South Asia

  • 2025

  • US$ 16.76 million

  • N/A

  • Low

  • June 30, 2026

  • Yes

  • BANK APPROVED

  • January 9, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Carbon Initiative for Development 16.76

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 16.76
Total Project Cost** 16.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Implementation Progress (IP) Satisfactory 2025-03-27
Progress towards achievement of PDO Satisfactory 2025-03-27
Financial Management Satisfactory 2025-03-27
Monitoring and Evaluation Satisfactory 2025-03-27
Procurement Satisfactory 2025-03-27
Project Management Satisfactory 2025-03-27

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.