Additional Financing II for Rural Electrification and Renewable Energy Development II (WB-P165400)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 10, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of People's Republic of Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 55.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 179.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 29, 2019

Disclosed by Bank Dec 1, 2017


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Project Description

According to website of the World Bank, the project intends to increase access to clean energy through renewable energy in rural areas in Bangladesh.

Proposed components for the project are as follows:

Component A: 
A.2) Remote Area Power Supply Systems

This will provide support for an additional 1,000 Solar Irrigation Pumps (SIPs) and 30 Solar Mini-grids (SMGs).

A.3) Technical Assistance for Component A.2 Implementation 

It will support quality assurance, training and outreach, studies and planning; and program management for Infrastructure Development Company Limited, the implementing agency.

Component B: Household Energy  

This will provide support for installation of additional 4 million Improved Cook Stoves (ICS). The proposed additional financing includes support for scaling ICS program, including quality assurance, training and outreach, studies and planning and program management.

The proposed development objective is to increase access to clean energy through renewable energy and promote more efficient energy consumption in rural areas.

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Amit Jain
Energy Specialist

Borrower/Client/Recipient
PEOPLE'S REPUBLIC OF BANGLADESH
Mr. Kazi Shofiqul Azam
Additional Secretary

Implementing Agencies
Power Cell
Mohammad Hossain
Director General
Infrastructure Development Company Limited (IDCOL)

Mahmood Malik
Executive Director and CEO

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.