World Bank Group (WBG)

Since the beginning of the COVID19 pandemic in early 2020, World Bank Group (WBG) have committed at least USD 7.54 billion to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:

  • At least USD 673.30 million for fossil fuels without conditions
  • At least USD 425.00 million for fossil fuels with conditions
  • At least USD 1.02 billion for unconditional clean energy
  • At least USD 2.56 billion for conditional clean energy
  • At least USD 2.85 billion for other energy

By energy type, World Bank Group (WBG) committed at least USD 836.12 million to oil and gas (at least USD 486.12 million to unconditional oil and gas and at least USD 350.00 million to conditional oil and gas).

Finally, no public finance identified for multiple fossil fuels.

A considerably larger amount of new public finance from World Bank Group (WBG) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.

Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via World Bank Group (WBG) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.

Updated: 22 September 2021


At least

$1.10 billion

Supporting fossil fuel energy



At least

$3.59 billion

Supporting clean energy

World Bank Group (WBG)

Since the beginning of the COVID19 pandemic in early 2020, World Bank Group (WBG) have committed at least USD 7.54 billion to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:

  • At least USD 673.30 million for fossil fuels without conditions
  • At least USD 425.00 million for fossil fuels with conditions
  • At least USD 1.02 billion for unconditional clean energy
  • At least USD 2.56 billion for conditional clean energy
  • At least USD 2.85 billion for other energy

By energy type, World Bank Group (WBG) committed at least USD 836.12 million to oil and gas (at least USD 486.12 million to unconditional oil and gas and at least USD 350.00 million to conditional oil and gas).

Finally, no public finance identified for multiple fossil fuels.

A considerably larger amount of new public finance from World Bank Group (WBG) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.

Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via World Bank Group (WBG) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.

Public money commitments to fossil fuels, clean and other energy in World Bank Group (WBG) spending since January 2020, USD billion, as of 22 September 2021

Policies and Finance

MDB Recipient Country Category Policy name Sector Energy Type Mechanism Value committed, USD Date of announcement Policy type Sub-Institution or Programme Receiving entity Stage Arm of Government Primary and secondary stated objective of the policy Policy background Links to official sources Links to additional sources
World Bank Group (WBG) Brazil Other energy Banco Alfa Loan Mobility Multiple energy types Budget or off-budget transfer ... 150000000 2020121818/12/2020 Fiscal International Finance Corporation BANCO ALFA DE INVESTIMENTO S.A. Energy use (all energy types, consumption in transport, household use, buildings etc) Public finance institution "IFC/World Bank Project 44697; Financing - loan ($150.0 m.) The proposed investment consists of a financing package of up to $215 million to Banco Alfa de Investimento S.A. (“Alfa” or the “Bank”) in Brazil, out of which IFC would commit an A-Loan up to US$150 million and would mobilize institutional investors to invest in an up to US$65 million B loan. The purpose of the proposed investment is to support climate-smart auto loans (mainly flex-fuel cars, which use both gasoline and ethanol, and hybrid/electric cars) in Brazil, in line with IFC’s strategic pillar in the country to support investments in climate-smart and modern technologies to mitigate climate impact (the “Project”). NOTE: An IFC news release suggests that IFC's loan is only $100.0 m. with a similar amount to be issued again in 2021."
"
https://disclosures.ifc.org/project-detail/SII/44697/alfa-loan
https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=26146
https://home.treasury.gov/system/files/206/December_2020_Voting_Record.pdf (see December 18, 2020)" Accessed 20 March 2021
World Bank Group (WBG) Pakistan Clean conditional Khyber Pakhtunkhwa Hydropower and Renewable Energy Development Power generation Hydro Budget or off-budget transfer ... 360000000 2020092424/09/2020 Fiscal International Development Association and International Bank for Reconstruction and Development Islamic Republic of Pakistan Electricity storage or transmission or distribution Public finance institution "World Bank/IDA Project P163461: Financing - IDA (credit - $250.0 m.). Sector(s): Renewable Energy Hydro - 80%; Renewable Energy Solar - 9%; Public Administration/Energy & Extractives - 7%; Other Energy & Extractives - 4%. The Project Development Objectives are to increase renewable energy generation and strengthen the capacity of associated institution s in Khyber Pakhtunkhwa. The project will support Pakistan’s transition to renewable energy resources that reduce its reliance on fossil fuel imports and lower costs of electricity production.It will also help strengthen energy sector institutions to better manage a growing portfolio of renewable energy projects across the province. The project will provide low-cost and low-carbon electricity to consumers and will support the economic development of those communities near the hydropower and solar projects by revitalizing infrastructure, creating jobs, and supporting the development of tourism activities." World Bank/IDA Project P163461: Financing - IDA (credit - $250.0 m.). Sector(s): Renewable Energy Hydro - 80%; Renewable Energy Solar - 9%; Public Administration/Energy & Extractives - 7%; Other Energy & Extractives - 4%. The Project Development Objectives are to increase renewable energy generation and strengthen the capacity of associated institution s in Khyber Pakhtunkhwa. The project will support Pakistan’s transition to renewable energy resources that reduce its reliance on fossil fuel imports and lower costs of electricity production.It will also help strengthen energy sector institutions to better manage a growing portfolio of renewable energy projects across the province. The project will provide low-cost and low-carbon electricity to consumers and will support the economic development of those communities near the hydropower and solar projects by revitalizing infrastructure, creating jobs, and supporting the development of tourism activities.
"
https://projects.worldbank.org/en/projects-operations/project-detail/P163461
https://www.worldbank.org/en/news/loans-credits/2020/09/24/pakistan-khyber-pakhtunkhwa-hydropower-and-renewable-energy-development-project
https://www.worldbank.org/en/news/press-release/2020/09/24/pakistan-making-shift-to-clean-power-production-and-lower-energy-costs-with-world-bank-support
https://home.treasury.gov/system/files/206/September-2020-Voting-Record.pdf (see September 24, 2020)
https://ijglobal.com/data/transaction/30045/dasu-hydro-power-dam-phase-1-2160mw (??)" Accessed 20 March 2021.
World Bank Group (WBG) Bangladesh Fossil unconditional Ghorasal Polash Urea Fertilizer Project Resources Gas and gas products Loan (Hybrid),loan guarantee (... 357000000 2020022626/02/2020 Fiscal Multilateral Investment Guarantee Agency "The Hongkong and Shanghai Banking Corporation Limited MFUG Bank Ltd. " Other energy stage Public finance institution "World Bank/MIGA Project 14070: The project involves the construction, installation, and operation of the $1.5 billion Ghorasal Polash Urea Fertilizer Plant at Ghorasal in the Narsingdi District in Bangladesh. The new plant will have an annual urea fertilizer production capacity of 900,000 tons. The new plant will have a production capacity of 2,800 metric tons per day and replace two existing obsolete facilities—more than tripling their combined output—while using the same amount of natural gas. The new plant will be the first in the country to use carbon capture technology. NOTE #2: US Treasury lists this project on September 26, 2019 and gives a guarantee amount of $350.0 m. And on February 20, 2020, it lists an ""Additional Financing Guarantee"" of $15.0 m. IJ Global concurs with the figure of $357.0 m."
"
https://www.miga.org/project/ghorasal-polash-urea-fertilizer-project
https://www.miga.org/press-release/miga-credit-enhancement-helps-boost-fertilizer-production-bangladesh
https://home.treasury.gov/system/files/206/September-2019-Voting-Record.pdf (see September 26, 2019)
https://www.treasury.gov/resource-center/international/development-banks/Documents/February_2020_Voting_Record.pdf (see February 20, 2020)
https://ijglobal.com/articles/146282/update-details-emerge-on-bangladeshs-largest-ever-eca-financing" Accessed March 20 2021.
World Bank Group (WBG) Multiple Fossil unconditional Bundled – WBG “Fossil Unconditional” Investments under $100 million since Jan 1 20... Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 187180000 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "fossil unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
World Bank Group (WBG) Multiple Fossil conditional Bundled – WBG “Fossil Conditional” Investments under $100 million since Jan 1 2020 Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 75000000 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "fossil conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
World Bank Group (WBG) Multiple Other energy Bundled – WBG “Other Energy” Investments under $100 million since Jan 1 2020 Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 1455814000 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
World Bank Group (WBG) Multiple Clean conditional Bundled – WBG “Clean Conditional” Investments under $100 million since Jan 1 2020 Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 245913000 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "clean conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
World Bank Group (WBG) Multiple Clean unconditional Bundled – WBG “Clean Unconditional” Investments under $100 million since Jan 1 202... Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 481050000 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "clean unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
World Bank Group (WBG) Multiple Clean conditional Next Generation Africa Climate Business Plan Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 2020091616/09/2020 Fiscal World Bank Several energy stages Public finance institution The World Bank has approved a new Africa climate change strategy for the next six years (until 2026), with targets to train 10 million farmers in climate-smart agriculture, expand landscape management over 60m hectares in 20 countries, increase renewable energy generation capacity from 28GW to 38GW, and equip at least 3O cities with low carbon and compact urban planning. As this covers projects outside the energy sector and a variety of financing mechanisms it is not possible to put a dollar amount on this entry.

https://www.worldbank.org/en/programs/africa-climate-business-plan Accessed 15 Jan 2021
World Bank Group (WBG) Brazil Other energy Amadeus JV Other sector Biofuels and waste Loan (Hybrid),loan guarantee (... 100000000 2020050808/05/2020 Fiscal International Finance Corporation Exploration or production or processing or storage or transportation Public finance institution "World Bank/IFC Project 42202: Financing - loan: $200.0 m. The proposed investment consists of a US$500 million A/ B/ MCPP Loan to LD Celulose S.A. The investment will help finance the construction of a greenfield dissolving wood pulp plant in Minas Gerais, Brazil with capacity to produce 500,000 tons per annum and generate 144 MW of electricity. The Company will also manage approximately 70,000 ha of eucalyptus plantations on land leased from third parties. NOTE: It is unclear what share of the loan is for the electricity-production aspect of the project; therefore - arbitrarily - one-half of the loan has been allocated to the energy sector."
"
https://disclosures.ifc.org/#/projectDetail/SII/42202
https://www.treasury.gov/resource-center/international/development-banks/Documents/May_2020_Voting_Record.pdf (see May 8, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Rwanda Other energy Rwanda Energy Supplemental DPO Power generation Multiple energy types Loan (Hybrid),loan guarantee (... 100000000 2020050101/05/2020 Fiscal International Development Association Electricity storage or transmission or distribution Public finance institution "World Bank/IDA Project P173882: Financing - IDA (credit - $100.0 m.). Sector(s): Energy Transmission & Distribution - 56%, Other Energy & Extractives - 22%, Renewable Energy/Solar - 22%. The Program Development Objective of the parent DPF series remains to enable fiscally sustainable expansion of electricity services in Rwanda. The series is built around two pillars: (a) containing the fiscal impact of the electricity sector; and (b) improving the operational efficiency, affordability, and accountability of electricity service. By the end of the operations, it is expected that Rwanda will have electrified over 61 percent of its households, narrowed the gap in electricity access between female- and male-headed households, and be on track to achieve the National Strategy for Transformation (NST1) objective of universal access to electricity by 2024. It is also expected that Rwanda will have modernized the operations of the Rwanda Energy Group and the Government’s planning and decision-making processes, and that fiscal transfers to the sector be contained at no more than 1.5 percent of GDP throughout the NST1 period."
"
https://projects.worldbank.org/en/projects-operations/project-detail/P173882
https://www.worldbank.org/en/news/loans-credits/2020/05/01/rwanda-energy-supplemental-development-policy-operations
https://www.worldbank.org/en/news/press-release/2020/05/01/world-bank-provides-its-second-support-to-rwandas-covid19-response
https://www.treasury.gov/resource-center/international/development-banks/Documents/May_2020_Voting_Record.pdf (see May 1, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) South Africa Clean conditional FirstRand SL IV Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 100000000 2020062626/06/2020 Fiscal International Finance Corporation Several energy stages Public finance institution "World Bank/IFC Project 42640: Financing - loan: $100.0 m. The proceeds of the Project will be used to expand FirstRand Bank’s climate finance portfolio in South Africa. The Project will provide additional support to the bank’s strategy to fund renewable energy and energy efficiency projects in corporates and smaller businesses. It also facilitates the bank’s shifting focus, in its climate portfolio, from mitigation to resilience through the financing of “climate smart infrastructure”, agriculture and manufacturing. "
"
https://disclosures.ifc.org/#/projectDetail/SII/42640
https://www.treasury.gov/resource-center/international/development-banks/Documents/June_2020_Voting_Record.pdf (see June 26, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Moldova Clean conditional Second District Heating Efficiency Improvement Project Buildings Energy efficiency Loan (Hybrid),loan guarantee (... 100000000 2020061818/06/2020 Fiscal International Bank for Reconstruction and Development Energy efficiency Public finance institution "World Bank/IBRD Project P172668: Financing - IBRD ($100.0 m.). Sector(s): Other Energy & Extractives - 96%, Public Administration/Energy & Extractives - 4%. The project will enable Termoelectrica, the district heating company in Chisinau, to provide more efficient services to the population through installation of new fuel-efficient cogeneration equipment and the reconstruction and modernization of existing heat and power generation facilities. Additionally, the Project will finance demand-side energy efficiency and energy conservation investments in selected public and residential buildings. The Project investments will help maintain the reliability of heat supply in Chisinau while significantly improving the district heating system efficiency, leading to a major reduction of CO2 emissions."
"
https://projects.worldbank.org/en/projects-operations/project-detail/P172668
https://www.worldbank.org/en/news/loans-credits/2020/06/18/moldova-second-district-heating-efficiency-improvement-project
https://www.worldbank.org/en/news/press-release/2020/06/18/world-bank-support-to-help-increase-district-heating-efficiency-in-chisinau
https://www.treasury.gov/resource-center/international/development-banks/Documents/June_2020_Voting_Record.pdf (see June 18, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Global Clean conditional Global Climate Partnership Fund Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 100000000 2020031919/03/2020 Fiscal International Finance Corporation Several energy stages Public finance institution "World Bank/IFC Project 42896: Financing - loan: $100.0 m. IFC proposed an investment of up to $100 million in the Global Climate Partnership Fund SA. SICAV-SIF, a closed-ended debt fund launched in December 2009. IFC's investment will support the Fund in its mission to reduce greenhouse gas emissions by fostering energy efficiency and renewable energy investments for small and medium enterprises and private households in emerging markets, mostly through Financial Institutions. IFC's investment will also support the Fund in maintaining its funding structure; grow its portfolio of investments; crowd-in additional private sector investors; and contribute to GHG reduction in WBG-eligible borrowing countries globally."
"
https://disclosures.ifc.org/#/projectDetail/SII/42896
https://www.treasury.gov/resource-center/international/development-banks/Documents/March_2020_Voting_Records.pdf (see March19, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Burundi Clean unconditional Solar Energy in Local Communities Power generation Solar Grant 100000000 2020022828/02/2020 Fiscal International Development Association Several energy stages Public finance institution "World Bank/IDA Project P164435: Financing - IDA (grant - $100.0 m.). Sector(s): Renewable Energy/Solar - 81%, Public Administration/Energy & Extractives -19%. Only one in 10 Burundians have access to electricity in the country and this drops to only 2% in rural areas. The project objective is to expand access to energy services for households, enterprises, schools and health centers in rural areas of Burundi. The IDA grant will almost double the rate of electricity access in the country by expanding access to rural families, local enterprises, schools and health centers in some of the poorest areas of the country, thereby improving the livelihood and well-being of people. More than 91,000 families, 4,000 small business, 500 schools and 400 health centers will gain access to electricity through mini-grids or standalone solar systems. Another 400 schools and 300,000 households will gain access to clean and efficient cookstoves. NOTE: IJ Global gives a financial close date of March 5, 2020. "
"
https://projects.worldbank.org/en/projects-operations/project-detail/P164435
https://www.worldbank.org/en/news/loans-credits/2020/02/28/burundi-solar-energy-in-local-communities
https://www.worldbank.org/en/news/press-release/2020/02/28/burundi-to-improve-access-to-services-and-opportunities-for-the-poor-in-rural-areas
https://www.treasury.gov/resource-center/international/development-banks/Documents/February_2020_Voting_Record.pdf (see February 28, 2020)
https://ijglobal.com/data/transaction/50912/solar-energy-in-local-communities-soleil-project" Accessed 15 Jan 2021
World Bank Group (WBG) Indonesia Clean conditional DCM OCBC NISP 2 Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 100000000 2020020505/02/2020 Fiscal International Finance Corporation Several energy stages Public finance institution "World Bank/IFC Project 43613: Financing - loan: $200.0 m. The proceeds of the proposed investment will be mainly used to support the Bank’s lending program to climate-friendly projects which includes, energy efficiency projects and green building and to support the Bank’s increasing focus in serving woman entrepreneurs and customers. The funding will be invested in privately-placed gender and green bonds issued by Bank OCBC NISP as part of the bank’s Sustainability Bond Program. The green bond will support the bank to expand green financing, particularly development of green projects and financing of green mortgages. NOTE: An assumption has been made that each bond will be supported by $100.0 m."
"
https://disclosures.ifc.org/#/projectDetail/SII/43613
https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/FFBC31599BA4BBDB8525852500074CC0?OpenDocument
https://www.treasury.gov/resource-center/international/development-banks/Documents/February_2020_Voting_Record.pdf (see February 5, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Egypt Clean unconditional DCM CIB Green Bond Buildings Energy efficiency Loan (Hybrid),loan guarantee (... 100000000 2020082525/08/2020 Fiscal International Finance Corporation Several energy stages Public finance institution World Bank/IFC Project 43061; Financing - loan ($100.0 m.) The Proposed project comprises of IFC’s subscription of up to US$65 million in the first tranche of Commercial International Bank’s (CIB or the “Bank”) first senior green bond program of US$100 million in Egypt, with 5 years maturity (the “Project”). IFC will subscribe to the first tranche which will take place through a private placement. Subsequently, IFC will work with stakeholders on listing future bond issuances. Under the Project, IFC as implementing entity of the UK Market Accelerator for Green Construction (“MAGC”) Facility expects to provide up to US$1.4 million in the form of a performance-based incentive (“PBI”) to help accelerate construction of green buildings in Egypt and make significant contributions to reducing greenhouse gas emissions in the real estate/building sector in the country. NOTE: IFC's project page lists the loan amount as being both $100.0 m. and $65.0 m.
"
https://disclosures.ifc.org/project-detail/SII/43061/dcm-cib-green-bond
https://home.treasury.gov/system/files/206/August-2020-Voting-Record.pdf (see August 25, 2020)" Accessed March 20 2021
World Bank Group (WBG) Cote d'Ivoire Fossil unconditional FCS RE CIPREL V (aka Atinkou) Power generation Gas and gas products Loan (Hybrid),loan guarantee (... 129120000 2020011010/01/2020 Fiscal International Finance Corporation Electricity generation Public finance institution "World Bank/IFC Project 39096: Financing - loan: $129.12 m.; risk management - $5.5 m. The project consists in the construction and operation of a 390 MW natural gas-fired power plant developed by Eranove in Jacqueville near Abidjan, Côte d’Ivoire. The Project is designed as a combined cycle including: (i) a 265 MW gas turbine and (ii) a 125 MW steam turbine to be built on a new site and will be constructed and operated under a 20-year Build-Own-Operate-Transfer concession agreement. The Project will sell its power to the Government of Côte d’Ivoire through CI-Energies and is expected to bring affordable, clean and reliable baseload power in a fragile and conflict-affected situation country and encourage further private investment in Côte d’Ivoire. NOTE: US Treasury cites an investment of $126.0 m. while IJ Global lists IFC's investment as being only $99.28 m.; IJ Global also gives a financial close date of March 26, 2020."
"
https://disclosures.ifc.org/#/projectDetail/SII/39096
https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/BE4425D0BAF524CB852585260041F522?OpenDocument
https://www.treasury.gov/resource-center/international/development-banks/Documents/January2020VotingRecord.pdf (see January 10, 2020)
https://ijglobal.com/data/transaction/45490/atinkou-combined-cycle-gas-power-plant-390mw Accessed 15 Jan 2021
World Bank Group (WBG) Tajikistan Clean conditional Tajikistan Power Utility Financial Recovery Power generation Hydro Grant 134000000 2020022525/02/2020 Fiscal International Development Association Electricity storage or transmission or distribution Public finance institution "World Bank/IDA Project P168211: Financing - IDA (grant - $134.0 m.). Sector(s): Public Administration/Energy & Extractives - 76%, Renewable Energy/Hydro - 13%, Energy Transmission & Distribution - 11%. The program development objectives are to improve the financial viability, increase the reliability of electricity supply, and strengthen the governance of Barqi Tojik. The Power Utility Financial Recovery Project aims at increasing financial viability, improving efficiency, and contributing to better governance of the state power utility Barqi Tojik (BT). The company owns and operates most of the electricity generating plants and is responsible for electricity transmission, dispatch, and distribution services to around nine million people, covering all but one regions of the country. The results to be supported by the project cover three broad areas: (i) ensuring BT’s financial viability; (ii) ability to provide universal and reliable electricity supply; and (iii) good governance and transparency. Measures to be financed under the Power Utility Financial Recovery Project include the rehabilitation and modernization of electricity infrastructure, the improvement of collections, the achievement of cost-recovery tariffs, the reduction of electricity losses, the settlement of payables, and timely debt service, integrating sound governance practices and transparency in the operations and financial management of the company.
"
https://projects.worldbank.org/en/projects-operations/project-detail/P168211
https://www.worldbank.org/en/news/loans-credits/2020/02/25/tajikistan-power-utility-financial-program-for-results
https://www.worldbank.org/en/news/press-release/2020/02/25/world-bank-supports-sustainable-and-efficient-power-sector-in-tajikistan
https://www.treasury.gov/resource-center/international/development-banks/Documents/February_2020_Voting_Record.pdf (see February 25, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) South Africa Clean conditional Nedbank Green Loan Buildings Multiple renewable Loan (Hybrid),loan guarantee (... 200000000 2020092222/09/2020 Fiscal International Finance Corporation NEDBANK LTD Electricity generation Public finance institution "World Bank/IFC Project 43809; Financing - loan ($200.0 m.) The proposed investment (the “Project”) consists of a senior loan of up to US$200 million to Nedbank Ltd (“Nedbank” or the “Bank”). The Project will help to further develop Nedbank’s climate finance platform to on-lend to renewable energy (“RE”) projects and contribute to expanding the Bank’s climate strategy through Equator Principle compliance projects."
"
https://disclosures.ifc.org/project-detail/SII/43809/nedbank-green-loan
https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=26132
https://home.treasury.gov/system/files/206/September-2020-Voting-Record.pdf (see September 22, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Turkey Clean unconditional MUFG ECA GTLP Power generation Multiple renewable Loan (Hybrid),loan guarantee (... 150000000 2020102121/10/2020 Fiscal International Finance Corporation MUFG ECA GTLP Several energy stages Public finance institution "World Bank/IFC Project 43273; Financing - loan ($150.0 m.) The Project is a three-year, funded risk sharing facility whereby MUFG Bank, Ltd. (“MUFG”) and IFC would share the risk up to 50%-50% in a portfolio of up to US$300 million of senior loans that MUFG provides to banks in the Europe and Central Asia (“ECA”) region, predominantly in Turkey. MUFG will then use the funds provided by IFC to invest in new Sustainable Energy Finance (“SEF”) projects. "
"
https://disclosures.ifc.org/project-detail/SII/43273/mufg-eca-gtlp
https://home.treasury.gov/system/files/206/October-2020-Voting-Record.pdf (see October 21, 2020)" Accessed 21 January 2021.
World Bank Group (WBG) China Clean unconditional China: Jiangxi Eco-industrial Parks Project Resources Solar Loan (Hybrid),loan guarantee (... 190000000 2020061818/06/2020 Fiscal International Bank for Reconstruction and Development Several energy stages Public finance institution "World Bank/IBRD Project P158079: Financing - IBRD ($200.0 m.). Sector(s): Renewable Energy/Solar - 95%. The objectives of the proposed project are to strengthen Jiangxi’s institutional and regulatory framework for eco-industrial parks (EIP) to be consistent with the International EIP Framework and demonstrate its implementation in the Fuzhou New Industries Zone. At the provincial level, the project will help establish a pioneering performance management system, upgrade the institutional and policy framework for eco-industrial parks, develop zone-level roadmap and action plans, and facilitate learning and capacity building. The project will help boost investment that meets green industry screening criteria, and provide incentives for private companies located in the eco-industrial park to invest in clean production. NOTE: IBRD's project page says the solar sector constitutes 95% of the project but the word ""solar"" does not otherwise appear in any of the supporting documents. "
"
https://projects.worldbank.org/en/projects-operations/project-detail/P158079
https://www.worldbank.org/en/news/loans-credits/2020/06/18/china-jiangxi-eco-industrial-parks-project
https://www.worldbank.org/en/news/press-release/2020/06/18/world-bank-to-help-green-industrial-parks-to-reduce-pollution-and-greenhouse-gas-emissions-in-chinas-jiangxi-province
https://www.treasury.gov/resource-center/international/development-banks/Documents/June_2020_Voting_Record.pdf (see June 18, 2020) " Accessed 15 Jan 2021
World Bank Group (WBG) South Africa Clean conditional SBSA Green Bond Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 200000000 2020022121/02/2020 Fiscal International Finance Corporation Several energy stages Public finance institution "World Bank/IFC Project 43173: Financing - loan: $200.0 m.; risk management: $20.0 m. The project consists of an investment of up to US$200 million in a green bond. The proceeds will finance eligible green assets under The Standard Bank of South Africa Limited's (SBSA) Sustainable Bond Framework. It will enable Standard Bank Group’s Sustainable Finance Business Unit to on-lend to and finance climate-smart projects in South Africa such as renewable energy, energy efficiency, water efficiency and green buildings. Projects funded by the green bond have the potential to reduce greenhouse gas emissions by 742,000 tons per year, or nearly 3.7 million tons over a five-year period. NOTE: The full amount of the financing has been credited to the energy sector even though some non-energy projects may also benefit."
"
https://disclosures.ifc.org/#/projectDetail/SII/43173
https://ifcextapps.ifc.org/ifcext/pressroom/ifcpressroom.nsf/0/8C2C41FEE6B4D5548525851F00468B3F?OpenDocument
https://www.treasury.gov/resource-center/international/development-banks/Documents/February_2020_Voting_Record.pdf (see February 21, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Cameroon Other energy Cameroon-Chad Power Interconnection Project Power generation Multiple energy types Loan (Hybrid),loan guarantee (... 295000000 2020061616/06/2020 Fiscal International Development Association Electricity storage or transmission or distribution Public finance institution "World Bank/IDA Project P168185: Financing - IDA (loan - $295.0 m.). Sector(s): Energy Transmission & Distribution - 81%; Public Administration/Energy & Extractives - 13%, Renewable Energy - 6%. The Project development objectives are to interconnect the Southern and Northern power systems of Cameroon; enable electricity trade between Cameroon and Chad; and increase access to electricity in the Chad capital city of N’Djamena. It will finance the first high-voltage interconnector in Central Africa, enabling clean electricity supply available in the South of Cameroon to reach its northern region and Chad, thus allowing millions of people in both countries to have access to reliable and affordable electricity. "
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https://projects.worldbank.org/en/projects-operations/project-detail/P168185
https://www.worldbank.org/en/news/loans-credits/2020/06/16/cameroon-and-chad-cameroon-chad-power-interconnection-project
https://www.worldbank.org/en/news/press-release/2020/06/16/promoting-regional-power-interconnection-in-central-africa
https://www.treasury.gov/resource-center/international/development-banks/Documents/June_2020_Voting_Record.pdf (see June 16, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Turkey Clean conditional Renewable Energy Integration Project Additional Financing Power generation Wind Loan (Hybrid),loan guarantee (... 325000000 2020022828/02/2020 Fiscal International Bank for Reconstruction and Development Electricity storage or transmission or distribution Public finance institution "World Bank/IBRD Project P169143: Financing - IBRD ($325.0 m.). Sector(s): Renewable Energy/Wind - 43%, Energy & Transmission - 17%, ICT Infrastructure - 40%. The project will assist the development and strengthening of infrastructure to support the integration of the wind power plants to the transmission grid, and the installation of the submarine power cables to interconnect wind energy locations with other parts of Turkey. The Project consists of the following four components: **Development of Transmission Infrastructure **Smart-grid Investments **Submarine Power Cables **Strengthening of Transmission Networks"
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https://projects.worldbank.org/en/projects-operations/project-detail/P169143
https://www.worldbank.org/en/news/loans-credits/2020/02/28/turkey-renewable-energy-integration-project---additional-financing
https://www.worldbank.org/en/news/press-release/2020/02/28/turkey-benefits-from-more-world-bank-support-to-renewable-energy
https://www.treasury.gov/resource-center/international/development-banks/Documents/February_2020_Voting_Record.pdf (see February 28, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Myanmar Fossil conditional Power System Efficiency and Resilience Project Power generation Gas and gas products Loan (Hybrid),loan guarantee (... 350000000 2020052929/05/2020 Fiscal International Development Association Electricity generation Public finance institution "World Bank/IDA Project P162151: Financing - IDA (credit - $350.0 m.). Sector(s): Energy Transmission & Distribution - 17%, Non-Renewable Energy Generation - 83%. The project objective is to increase the output and efficiency of power generation and improve the resilience of the power network in support of the government’s program on universal electricity access. Myanmar needs to double its current installed power generation capacity over the next five to seven years to achieve universal electricity access by 2030. The Myanmar Power System Efficiency and Resilience Project will finance the upgrade to the Ywama gas-fired power plant, improving the availability and reliability of electricity services to consumers in the Yangon region. Investments in the power plant and in transmission infrastructure will free-up electricity supply in the rest of the country and will remove capacity constraints to enable more households to connect."
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https://projects.worldbank.org/en/projects-operations/project-detail/P162151
https://www.worldbank.org/en/news/loans-credits/2020/05/29/myanmar-power-system-efficiency-and-resilience-project
https://www.worldbank.org/en/news/press-release/2020/05/29/myanmar-power-system-efficiency-project-brings-country-closer-to-universal-electricity-access
https://www.treasury.gov/resource-center/international/development-banks/Documents/May_2020_Voting_Record.pdf (see May 29, 2020)" Accessed 15 Jan 2021
World Bank Group (WBG) Pakistan Clean conditional Additional Financing For Dasu Hydropower Stage I Project (Transmission Line) Power generation Hydro Loan (Hybrid),loan guarantee (... 700000000 2020033131/03/2020 Fiscal International Bank for Reconstruction and Development Electricity storage or transmission or distribution Public finance institution "World Bank/IBRD Project P167843: Financing - IBRD ($700.0 m.). Sector(s): Energy Transmission & Distribution - 43%, Renewable Energy/Hydro - 43%, Public Administration - Energy & Extractives - 14%. The Additional Financing will support the construction of a transmission line to evacuate power from the Dasu hydropower plant to Islamabad. The Project will finance the transmission line to complete the first phase of the Dasu hydropower plant that will install 2,160 MW capacity along the main Indus River. Plans for Stage II expansion will double the installed capacity to 4,320MW, making Dasu the largest hydropower plant in the country. The project will facilitate the expansion of electricity supply of hydropower in Pakistan. NOTE: It's possible this project should be marked ""true"" for ""access"" but insufficient information is provided to make that determination. NOTE: IJ Global concurs with the amount of the loan but - as of September 1, 2020 - lists this project as not yet having reached financial close. "
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https://projects.worldbank.org/en/projects-operations/project-detail/P167843
https://www.worldbank.org/en/news/loans-credits/2020/03/31/pakistan-additional-financing-for-dasu-hydropower-stage-i-project
https://www.worldbank.org/en/news/press-release/2020/03/31/pakistans-green-and-clean-power-aspiration-gets-a-boost
https://www.treasury.gov/resource-center/international/development-banks/Documents/March_2020_Voting_Records.pdf (see March 31, 2020)
https://ijglobal.com/data/transaction/30045/dasu-hydro-power-dam-phase-1-2160mw" Accessed 15 Jan 2021
World Bank Group (WBG) Nigeria Other energy Power Sector Recovery Performance Based Operation Power generation Multiple energy types Loan (Hybrid),loan guarantee (... 750000000 2020062323/06/2020 Fiscal International Development Association Electricity storage or transmission or distribution Public finance institution World Bank/IDA Project P164001: Financing - IDA ($750.0 m.). Sector(s): Other Energy & Extractives - 51%, Public Administration/Energy & Extractives - 26%, Energy & Transmission - 23%. The credit is to improve the reliability of electricity supply, achieve financial and fiscal sustainability, and enhance accountability in the power sector in Nigeria. About 47% of Nigerians do not have access to grid electricity and those who do have access, face regular power cuts. In addition, the economic cost of power shortages in Nigeria is estimated at around $28 billion - equivalent to 2% of its Gross Domestic Product (GDP). Getting access to electricity ranks as one of the major constraints for the private sector according to the 2020 Doing Business report. Hence, improving power sector performance, particularly in the non-oil sectors of manufacturing and services, will be central to unlocking economic growth post COVID-19.
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https://projects.worldbank.org/en/projects-operations/project-detail/P164001
https://www.worldbank.org/en/news/press-release/2020/06/23/nigeria-to-keep-the-lights-on-and-power-its-economy
https://www.worldbank.org/en/news/loans-credits/2020/06/23/nigeria-power-sector-recovery-operation
https://www.treasury.gov/resource-center/international/development-banks/Documents/June_2020_Voting_Record.pdf (see June 23, 2020)" Accessed 15 Jan 2021