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Azerbaijan Scaling-Up Renewable Energy Project

Abstract*

The project comprises the following activities:- Component 1: Absheron Garadagh Wind Power Plant Connection and Transmission Network Expansion. This component will finance the transmission infrastructure required to evacuate power from the 240 MW Absheron Garadagh Wind Power Plant and expanding the grid to enhance reliability and stability for the integration of 1.8 GW of VRE in Azerbaijan’s power system.This component comprises the following:(a) Subcomponent...

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

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Development Objective

The project development objective is to enable renewable energy integration and ensure stability in Azerbaijan’s power grid

Key Details

Project Details

  • P505208

  • Active

  • Roger Coma Cunill , Florian Kitt

  • Azerenerji OJSC

  • Azerbaijan

  • May 9, 2024

  • (as of board presentation)

    March 27, 2025

  • N/A

  • US$ 173.50 million

  • N/A

  • Substantial

  • October 31, 2029

  • Yes

  • BANK APPROVED

  • July 10, 2025

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 173.50

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 173.50
IDA Commitment N/A
IBRD + IDA Commitment 173.50
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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

Detailed Financial Activity as of July 31, 2025

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

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Satisfactory 2025-06-27
Progress towards achievement of PDO Satisfactory 2025-06-27
Project Management Satisfactory 2025-06-27
Financial Management Satisfactory 2025-06-27
Monitoring and Evaluation Satisfactory 2025-06-27
Overall Implementation Progress (IP) Satisfactory 2025-06-27

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.