Public Disclosure Copy The World Bank Implementation Status & Results Report INDIA - Financing Energy Efficiency at SMEs (P100530) INDIA - Financing Energy Efficiency at SMEs (P100530) SOUTH ASIA | India | Environment & Natural Resources Global Practice | Global Environment Project | Investment Project Financing | FY 2010 | Seq No: 17 | ARCHIVED on 07-Dec-2018 | ISR33682 | Implementing Agencies: Bureau of Energy Efficiency, Small Industries Development Bank of India, Small Industries Development Bank of India Key Dates Key Project Dates Bank Approval Date: 27-May-2010 Effectiveness Date: 28-Oct-2010 Planned Mid Term Review Date: 16-Jan-2013 Actual Mid-Term Review Date: 11-Feb-2013 Original Closing Date: 31-Dec-2014 Revised Closing Date: 04-May-2019 pdoTable Project Development Objectives Global Environmental Objective (from Project Appraisal Document) To increase demand for energy efficiency investments in target micro, small and medium enterprise clusters and to build their capacity to access commercial finance. The Project Development Objective supports the global environmental agenda of stabilizing atmospheric concentrations of greenhouse gases (GHG) through an increase in Energy Efficiency investments and resulting energy savings. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Activities to Build Capacity and Awareness for energy efficiency:(Cost $2909410.00 M) Component 2: Activities to Increase Investment in EE:(Cost $10917896.00 M) Component 3: Program Knowledge Management::(Cost $1625000.00 M) Component 4: Project Management:(Cost $1037694.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Low Low Implementation Status and Key Decisions The parent project has achieved the intermediate/component level indicators. Also, PDO results are fully accomplished. The project activities taken up in 18 clusters under AF project is progressing at sustained pace and the overall PDO results achieved to date include: 1. 955 Investment Grade Detailed Project Reports (IGDPRs) have been completed facilitating EE investments in over 20 MSME clusters. 12/7/2018 Page 1 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report INDIA - Financing Energy Efficiency at SMEs (P100530) 2. 1.9 million life time ERs achieved and with the ongoing implementation, this is expected to grow up to 2.55 million ERs meeting the PDO target. Relevant plan of action with ongoing implementation arrangements are in place to achieve the target 3. About INR 3200 million direct EEIs (beyond the PDO indicator) have been achieved and is expected to grow further. Based on the assessment of results achieved till date under the project and the commitment to deliver the AF activities indicates the high likelihood of achieving additional PDO indicators during the project period. . Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Low Low 12/7/2018 Page 2 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report INDIA - Financing Energy Efficiency at SMEs (P100530) Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Low Low Institutional Capacity for Implementation and Sustainability -- Low Low Fiduciary -- Low Low Environment and Social -- Low Low Stakeholders -- Low Low Other -- -- -- Overall -- Low Low Results PDO Indicators by Objectives / Outcomes Carbon Emission Reductions IN00628181 ►Carbon reductions (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target ~ 1.99 Mil. Life Time 2.55 Million lifetime Value 0.00 ~ 1.9 Mil. Life Time ERs ERs ERs Date 29-Sep-2010 30-Mar-2018 31-Oct-2018 04-May-2019 IN00628188 Estimated Potential and Replicable Carbon Reductions (Text, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Assessment results as Assessment results as 6.6 Million Lifetime Value 0.00 on date reflect 4.6 million on date reflect 4.6 ERs Lifetime ERs. million Lifetime ERs. Number of Investment Grade Detailed Project Reports IN00628184 ►Number of Investment Grade Detailed Project Reports Prepared (Nos.) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 955.00 959.00 730.00 Date 29-Sep-2010 30-Mar-2018 31-Oct-2018 04-May-2019 Aggregate Value of Direct Energy Efficiency Investments (INR Million) IN00628187 ►Estimated Replicable EE Investments (INR Million) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target As per Interim M&E As per Interim M&E report, the estimated report, the estimated Value 0.00 INR 3900 million investments are to the investments are to the tune of INR 2,520 tune of INR 2,520 Date 29-Sep-2010 31-Mar-2017 31-Oct-2018 04-May-2019 IN00628183 ►Aggregate Value of Direct Energy Efficiency Investments (INR Million) (Text, Custom) 12/7/2018 Page 3 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report INDIA - Financing Energy Efficiency at SMEs (P100530) Baseline Actual (Previous) Actual (Current) End Target INR 1600 million INR 1600 million confirmed by M&V confirmed by M&V reports. Additional INR Value 0.00 reports. Additional INR INR 1660 million 1700 reported by 1700 reported by SIDBI SIDBI are to be are to be confirmed. confirmed. Date 29-Sep-2010 30-Dec-2016 31-Oct-2018 04-May-2019 Overall Comments PDO The project achieved the results relating to preparation of Investment Grade DPRs, and the expected Energy Efficiency Investments (Actual as well as Estimated Replicable investments). However, the project is yet to achieve the desired Carbon Emission Reduction targets. Intermediate Results Indicators by Components Component 1: Activities to Build Capacity and Awareness for energy efficiency IN00628182 ►Energy Efficiency Outreach (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3,869.00 5,746.00 2,800.00 Date 29-Sep-2010 30-Mar-2018 31-Oct-2018 03-May-2019 IN00628189 MSME Enterprenuers - Outreach (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,500.00 2,000.00 1,800.00 Date 29-Sep-2010 30-Dec-2016 31-Oct-2018 04-May-2019 IN00628190 Energy Auditors Training (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 750.00 750.00 700.00 Date 29-Sep-2010 31-Mar-2017 31-Mar-2017 04-May-2019 IN00628191 FI Sector personnel training (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,400.00 1,400.00 1,400.00 Date 29-Sep-2010 16-May-2016 16-May-2016 30-Dec-2016 IN00628186 ►Number of units implemented ISO 50001 (No.) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 12/7/2018 Page 4 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report INDIA - Financing Energy Efficiency at SMEs (P100530) Value 0.00 0.00 0.00 40.00 Date 04-Nov-2016 30-Mar-2018 31-Oct-2018 04-May-2019 Program Knowledge Management IN00628185 ►Knowledge Products Generated and Disseminated (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Several Knowledge Several Knowledge Value 0.00 No target specified Products Generated Products Generated Date 31-May-2010 30-Apr-2018 30-Apr-2018 04-May-2019 IN00628192 Energy Efficiency Demonstration Videos (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4.00 4.00 6.00 IN00628193 B 2 B Vendor Interfacing (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4.00 4.00 19.00 IN00628194 Energy Conservation Awards (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 140.00 IN00628195 On job EE Training (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 150.00 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P100530 TF-10422 Effective USD 13.34 13.34 0.00 11.17 2.16 84% P100530 TF-97126 Effective USD 3.67 3.16 0.52 1.56 1.59 50% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P100530 TF-10422 Effective 13-Sep-2010 13-Sep-2010 28-Oct-2010 31-Dec-2014 04-May-2019 12/7/2018 Page 5 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report INDIA - Financing Energy Efficiency at SMEs (P100530) P100530 TF-97126 Effective 13-Sep-2010 13-Sep-2010 28-Oct-2010 31-Dec-2014 04-May-2019 Cumulative Disbursements Restructuring History Level 2 Approved on 30-Dec-2014 Related Project(s) P158033-Additional Financing for Financing Energy Efficiency at MSMEs Project 12/7/2018 Page 6 of 6