Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) SOUTH ASIA | Bangladesh | Energy and Mining Global Practice | IBRD/IDA | Specific Investment Loan | FY 2013 | Seq No: 27 | ARCHIVED on 15-Dec-2014 | ISR17369 | Implementing Agencies: Infrastructure Development Company Limited (IDCOL), Power Cell Key Dates Key Project Dates Board Approval date:20-Sep-2012 Effectiveness Date:20-Feb-2013 Planned Mid Term Review Date:15-Nov-2015 Actual Mid-Term Review Date:-- Original Closing Date:31-Dec-2018 Revised Closing Date:31-Dec-2018 Project Development Objectives Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) Project Development Objective (from Project Appraisal Document) The proposed project development objectives are to increase access to clean energy in rural areas through renewable energy and promote more efficient energy consumption. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) Increase access to clean energy through renewable energy in rural areas. Components Name Access to Electricity:(Cost $309.30 M) Household Energy:(Cost $46.30 M) Sector Technical Assistance:(Cost $6.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  --  Moderate 12/15/2014 Public Disclosure Copy Page 1 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) Implementation Status and Key Decisions The project is continuing satisfactorily with the objective of increasing access to clean energy in rural areas of Bangladesh. In addition to continuing World Bank support for the successful solar home systems program of Bangladesh, the project supports renewable energy based mini-grid options for access to electricity, replacement of diesel pumps with solar irrigation pumps, and dissemination of efficient cook stoves and biogas plants for cooking. To meet the funding needs of the fast growing solar home systems program, an additional financing of US$78.4 million equivalent was approved by the World Bank Board in June 2014. The additional financing was accompanied by a project restructuring that dropped the compact fluorescent lamp (CFL) component and re-allocated the savings to the solar home systems and sector technical assistance components. The CFL component is deemed no longer necessary as CFL uptake has already increased, thanks partly to the demonstration effect of the first phase CFLs supported under the predecessor RERED Project. IDCOL will continue to closely monitor the quality of solar home installations particularly given the fast growth of the program and introduction of new partner organizations to the program. The collection efficiency of the Partner Organizations will be closely monitored by IDCOL to ensure the solar home systems program continues to be on a financially sustainable path. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  Moderate Macroeconomic  --  --  Low Sector Strategies and Policies  --  --  Substantial Technical Design of Project or Program  --  --  Moderate Institutional Capacity for Implementation and Sustainability  --  --  Low Fiduciary  --  --  Moderate Environment and Social  --  --  Moderate Stakeholders  --  --  Moderate Other  --  --  -- Overall  --  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Number of households, farmers, and businesses having access to clean energy services (Number, Custom) 12/15/2014 Public Disclosure Copy Page 2 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 416152.00 590183.00 2069000.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDPDOTBL  Generation Capacity of Renewable Energy (other than hydropower) constructed (Megawatt, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 13.95 19.87 56.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDPDOTBL  Generation Capacity of Renewable Energy constructed-Solar (Megawatt, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 13.95 19.87 56.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDPDOTBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2217600.00 3128720.00 5700000.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDPDOTBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 46.00 45.48 59.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 12/15/2014 Public Disclosure Copy Page 3 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) PHINDPDOTBL  People provided with access to electricity by household connections (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2017050.00 3123200.00 4700000.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDPDOTBL  Ppl provided wth elec. by hhold conn.–Offgrid/minigrid–Only renewable sources (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 201705000.00 3123200.00 4700000.00 Date 31-Dec-2012 31-Mar-2014 31-Mar-2014 31-Dec-2018 PHINDPDOTBL  People that gained access to more energy-efficient cooking and/or heating facilities (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 5530.00 1000000.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDPDOTBL  People that gained access only through switching of cooking and/or heating systems (Number, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 5530.00 1000000.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 Overall Comments Global Environmental Objective Indicators Overall Comments 12/15/2014 Public Disclosure Copy Page 4 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) Intermediate Results Indicators PHINDIRITBL  Number of solar home systems installed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 414480.00 586525.00 1030000.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDIRITBL  Number of connections made through mini-grid systems and captive plants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 3.00 7500.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDIRITBL  Number of solar irrigation pumps (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 8.00 25.00 1250.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDIRITBL  Number of higher efficiency cook stoves disseminated (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 2800.00 1000000.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 12/15/2014 Public Disclosure Copy Page 5 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) PHINDIRITBL  Number of biogas plants for cooking (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1453.00 1453.00 33000.00 Date 31-Dec-2012 31-Mar-2014 30-Sep-2014 31-Dec-2018 PHINDIRITBL  Enabling policy for renewable energy development (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target SREDA SREDA operational with operational with Value SREDA not operational -- core staff appointed core staff appointed Date -- 31-Mar-2014 30-Sep-2014 31-Dec-2015 PHINDIRITBL  Collection efficiency of the SHS POs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 96.00 -- 96.00 90.00 Date 28-Feb-2014 -- 30-Sep-2014 31-Dec-2018 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P131263 IDA-51580 Effective USD 155.00 155.00 0.00 114.37 40.00 74% P131263 IDA-55140 Effective USD 78.40 78.40 0.00 0.00 73.96 0% P131263 TF-15034 Effective USD 3.77 3.77 0.00 3.06 0.70 81% P131263 TF-15077 Effective USD 10.00 10.00 0.00 0.64 9.36 6% 12/15/2014 Public Disclosure Copy Page 6 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) P119549 TF-96551 Closed USD 10.00 7.20 0.00 7.20 0.00 100% P119547 TF-96552 Effective USD 10.00 1.10 0.00 0.51 0.59 47% P119549 TF-98472 Closed USD 10.00 6.75 0.00 6.75 0.00 100% P106135 TF-99954 Effective USD 10.00 8.36 0.00 0.00 8.36 0% P107906 TF-99955 Effective USD 10.00 5.29 0.00 0.00 5.29 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P131263 IDA-51580 Effective 20-Sep-2012 23-Oct-2012 20-Feb-2013 31-Dec-2018 31-Dec-2018 P131263 IDA-55140 Effective 19-Jun-2014 30-Jun-2014 28-Sep-2014 31-Dec-2018 31-Dec-2018 P131263 TF-15034 Effective 10-Jul-2013 15-Jul-2013 28-Jul-2013 30-Jun-2016 30-Jun-2016 P131263 TF-15077 Effective 30-Sep-2013 30-Sep-2013 18-Dec-2013 31-Dec-2016 31-Dec-2016 P119549 TF-96551 Closed 12-May-2010 12-May-2010 12-May-2010 30-Sep-2013 30-Sep-2013 P119547 TF-96552 Effective 12-May-2010 12-May-2010 12-May-2010 30-Jun-2014 30-Jun-2015 P119549 TF-98472 Closed 02-Mar-2011 02-Mar-2011 28-Apr-2011 30-Jun-2014 30-Jun-2014 P106135 TF-99954 Effective 19-Dec-2007 19-Dec-2007 19-Dec-2007 31-Dec-2015 31-Dec-2016 P107906 TF-99955 Effective 19-Dec-2007 19-Dec-2007 19-Dec-2007 31-Dec-2015 31-Dec-2016 Cumulative Disbursements Restructuring History 12/15/2014 Public Disclosure Copy Page 7 of 8 Public Disclosure Copy The World Bank Implementation Status & Results Report Rural Electrification and Renewable Energy Development II (RERED II) Project (P131263) Level 2 Approved on 28-Jan-2014 Related Project(s) P106135-Grameen Shakti Solar Homes Project ,P107906-Bangladesh - IDCOL Solar Home Systems Project ,P119547-GPOBA: Rural Electrification & Renewable Energy ,P119549-GPOBA: Bangladesh Solar Home Systems ,P150001-RERED II Additional Financing 12/15/2014 Public Disclosure Copy Page 8 of 8