Document Type: Procurement Plan Report No.: STEP10858 Document Date: JUL 10, 2018

Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0013727 Document Date: JUL 08, 2018

Author: Mora Alvarez,Martha Sofia Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0013639 Document Date: JUL 08, 2018

Author: Mora Alvarez,Martha Sofia Disclosure Status: Disclosed

Document Type: Procurement Plan Report No.: STEP10736 Document Date: JUN 29, 2018

Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR32504 Document Date: JUN 28, 2018

Author: Cerdan-Infantes,Pedro Disclosure Status: Disclosed

Document Type: Procurement Plan Report No.: STEP10614 Document Date: JUN 27, 2018

Disclosure Status: Disclosed

Document Type: Procurement Plan Report No.: STEP10587 Document Date: JUN 26, 2018

Disclosure Status: Disclosed

Document Type: Resettlement Plan Report No.: SFG4366 Document Date: JUN 25, 2018

Author: Colombia Disclosure Status: Disclosed

The development objective of the Clean Energy Development Project is to assist Colombia in increasing electricity generation capacity from non-conventional renewable energy sources and energy savings in the industrial sector, through mobilization of private investment. ... See More + The Project consists of one or more IBRD Guarantees in an aggregate amount of up to USD 4118 million and a Clean Technology Fund (CTF) Guarantee in an amount of up to USD 40 million to backstop Financiera de Desarrollo Nacional (FDN’s) payment obligations. The key rationale for IBRD and CTF Guarantees is to help, through FDN, the Republic of Colombia (ROC) in establishing a long-term and creditworthy offtake market, thereby building a track record for long term investments in clean energy. FDN will explore two main functions to catalyze the market for small scale renewable energy generation and energy efficiency initiatives. The first function involves designing and developing credit enhancement and risk mitigation products to help mobilize long term financing for clean energy sector. The second function involves reviewing the potential for implementation of an aggregation vehicle to reduce transaction costs and attract commercial financing for small scale Sub-projects. It is important to note that support to small scale renewables (behind the meter) and energy efficiency are considered only as pilot activities that seek to plant the seeds to demonstrate the implementation potential for further development of the market. Under the PER Account, FDN will create two windows to provide IBRD/CTF Eligible Financial Products, one for Large Scale Renewable Energy (LSRE) Sub-projects and the other for Small Scale Subprojects (SSE) Sub-projects. IBRD and CTF Guarantees support FDN in offering cost effective IBRD/CTF Eligible Financial Products and in obtaining additional leverage. The innovative and efficient approach to structuring the CTF Guarantee to function as a liquidity reserve helps FDN to restore its minimum regulatory core capital ratio requirements. If drawn, CTF Guarantees are expected to be repaid and reinstated. While IBRD and CTF Guarantees are used to backstop FDN’s payment obligations under IBRD/CTF Eligible Financial Products, the trigger events for IBRD and CTF Guarantees are also linked to the overall financial strength of FDN. Overall, the benefits of IBRD and CTF Guarantees are multifold: i) enhance the creditworthiness and overall bankability to help create a long term offtake market for clean energy in Colombia; ii) support initial phases of the Sub-projects to build a track record for the clean energy sector; iii) backstop FDN’s payment obligations to eligible Beneficiaries; iv) if approved, optimize capital allocation for FDN through the specialized regulatory treatment (which would facilitate offering cost effective financial products), and v) leverage public resources, while keeping the IBRD guarantee call as a last report.The Project benefits from a CTF Project Preparation Grant (CTF PPG) to support FDN developing the activities and assessments necessary to develop a pipeline of Sub-projects and to build the capacity of FDN. Other on-going Bank initiatives support the ROC with complementary technical assistance to strengthen the regulatory framework and market and operation rules for a higher integration of clean energy in the electricity market.  See Less -

Document Type: Project Appraisal Document Report No.: 127101 Document Date: JUN 22, 2018

Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR32639 Document Date: JUN 21, 2018

Author: Diaz Rios,Luz Berania Disclosure Status: Disclosed