The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) Shared Infrastructure for Solar Parks Project (P154283) SOUTH ASIA | India | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2017 | Seq No: 8 | ARCHIVED on 23-Dec-2020 | ISR44380 | Implementing Agencies: Indian Renewable Energy Development Agency Limited, Indian Renewable Energy Development Agency Limited Key Dates Key Project Dates Bank Approval Date: 30-Mar-2017 Effectiveness Date: 31-Jan-2018 Planned Mid Term Review Date: 31-Mar-2021 Actual Mid-Term Review Date: Original Closing Date: 31-Jul-2022 Revised Closing Date: 31-Jul-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The proposed development objective is "to increase solar generation capacity through the establishment of large-scale solar parks in the country". Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Shared Infrastructure for Solar Parks (estimated total project cost: US$198 million of which IBRD Loan: US$75 million and CTF Loan: US$23 million):(Cost $98.00 M) Component 2 - Technical Assistance (Estimated Cost: US$2 million of which CTF Grant:US$2 million):(Cost $2.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions This is the eighth ISR after the approval of the project on March 30, 2017 by the World Bank’s Board. As of this date, the project is supporting two solar parks – 250 MW Mandsaur Solar Park and 750 MW Rewa Solar Park, with a total commitment amount of about US$30 million (or 30% of the loan amount [adjusted to exchange rate fluctuations]). For the uncommitted amount, the Bank team has been working with the Government of Madhya Pradesh for additional parks of 1500 MW. The cumulative commitment for these new parks is expected to be an additional amount of US$32.5 million. Balance funds are being proposed to be absorbed by 500 MW Omkareshwar floating solar project (subject to meeting the due diligence criteria of the Bank) and IREDA’s Alternate Investment Fund (AIF). The restructuring of the project will be undertaken to allow full utilization of the available funds under the project. The Bank team continues to support Himachal Pradesh (through Energy Sector Management Assistance Program (ESMAP)) to assess a business case for 1 GW solar park in Spiti Valley, which has tough terrain and is at a very high altitude. An environment and social screening/baselining of 12/23/2020 Page 1 of 5 The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) the proposed sites has been conducted and recommendations on the same have been shared with the state government to take appropriate measures. An approximate capacity of 850 MW seems to be promising in this area depending on clarity to be achieved on forest boundaries etc. by the state government. The state government has constituted a committee to monitor and resolve issues arising during the implementation of the solar park. A study on solar installations in snow-bound areas has also been completed. Another study on transmission is underway and has been delayed a little bit due to COVID-19 restrictions. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Low Low Low Macroeconomic Low Low Low Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Substantial Substantial Low Institutional Capacity for Implementation and Substantial Substantial Moderate Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other -- -- Moderate Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes To increase solar generation capacity through the establishment of large-scale solar parks IN00920411 ►Generation Capacity of Renewable Energy (other than hydropower) constructed (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,000.00 1,000.00 1,750.00 Date 30-Mar-2017 31-Mar-2020 31-Aug-2020 31-Jul-2022 IN00920412 Generation Capacity of Renewable Energy constructed-Solar (Megawatt, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 12/23/2020 Page 2 of 5 The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) Value 0.00 1,000.00 1,000.00 1,750.00 IN00920413 ►GHG Emissions Reduction (Tons of CO2 equivalent per year) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2,727.00 3,279.00 6,300.00 Date 30-Mar-2017 31-Mar-2020 31-Aug-2020 31-Jul-2022 Intermediate Results Indicators by Components Component 1: Shared Infrastructure for Solar Parks (estimated total project cost: US$198 million of which IBRD Loan: US$75 million and CTF Loan: US$23 million) IN00920414 ►Investment mobilized in solar projects in solar parks under the project (US$ Million) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 755,000,000.00 755,000,000.00 1,428,000,000.00 Date 30-Mar-2017 31-Mar-2020 31-Aug-2020 31-Jul-2022 IN00920415 ►Grievances received that are addressed within two months of receipt (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 100.00 100.00 Date 30-Mar-2017 31-Mar-2020 31-Aug-2020 31-Jul-2022 At Rewa, in total 29 grievances have been received thus far of which 27 have been resolved. The pending two grievances were beyond the jurisdiction of GRM so have been escalated to the District Collector (DC), Rewa. For these two pending grievances, one regarding higher compensation DC Rewa is evaluating an appropriate action under the policy ‘MP Purchase of land through Mutual Consent’. For the other Comments: grievance regarding provision of a pathway to severed land, the DC has formed a committee comprising representatives from the Revenue and Forest Departments to suggest remedial measure. At Mandsaur, no complaints have been received. Hence, all the grievances (100%) have been addressed. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed 12/23/2020 Page 3 of 5 The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) P154283 IBRD-87370 Effective USD 75.00 75.00 0.00 11.04 63.96 15% P154283 TF-A4639 Effective USD 2.00 2.00 0.00 0.01 1.99 0.7% P154283 TF-A4648 Effective USD 23.00 23.00 0.00 3.61 19.39 16% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P154283 IBRD-87370 Effective 30-Mar-2017 20-Nov-2017 31-Jan-2018 31-Jul-2022 31-Jul-2022 P154283 TF-A4639 Effective 20-Nov-2017 20-Nov-2017 31-Jan-2018 31-Jul-2022 31-Jul-2022 P154283 TF-A4648 Effective 30-Mar-2017 20-Nov-2017 31-Jan-2018 31-Jul-2022 31-Jul-2022 Cumulative Disbursements PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC 12/23/2020 Page 4 of 5 The World Bank Implementation Status & Results Report Shared Infrastructure for Solar Parks Project (P154283) Restructuring History Level 2 Approved on 22-Aug-2017 Related Project(s) P168144-Additional Financing for Shared Infrastructure for Solar Parks 12/23/2020 Page 5 of 5