World Bank Group (WBG)
In 2020-2021, in response to the COVID 19 pandemic, World Bank Group (WBG) have committed at least USD 17.00 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 2.07 billion for fossil fuels without conditions
- At least USD 494.00 million for fossil fuels with conditions
- At least USD 4.94 billion for unconditional clean energy
- At least USD 3.00 billion for conditional clean energy
- At least USD 6.50 billion for other energy
By energy type, World Bank Group (WBG) committed at least USD 1.89 billion to oil and gas (at least USD 1.47 billion to unconditional oil and gas and at least USD 419.00 million to conditional oil and gas).
Finally, World Bank Group (WBG) committed at least USD 410.00 million to multiple fossil fuels (at least USD 410.00 million to unconditional 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: December 31st 2021
At least
$2.56 billion
Supporting fossil fuel energy
At least
$7.95 billion
Supporting clean energy
World Bank Group (WBG)
In 2020-2021, in response to the COVID 19 pandemic, World Bank Group (WBG) have committed at least USD 17.00 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 2.07 billion for fossil fuels without conditions
- At least USD 494.00 million for fossil fuels with conditions
- At least USD 4.94 billion for unconditional clean energy
- At least USD 3.00 billion for conditional clean energy
- At least USD 6.50 billion for other energy
By energy type, World Bank Group (WBG) committed at least USD 1.89 billion to oil and gas (at least USD 1.47 billion to unconditional oil and gas and at least USD 419.00 million to conditional oil and gas).
Finally, World Bank Group (WBG) committed at least USD 410.00 million to multiple fossil fuels (at least USD 410.00 million to unconditional 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) recovery packages, USD billion, in 2020-2021
| 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) | Pakistan | Other energy | Pakistan Program for Affordable and Clean Energy (PACE) | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 200000000 | 28/06/2021 | Fiscal | International Development Association | Government of Pakistan | Electricity storage or transmission or distribution | Public finance institution | "World Bank/IBRD Project P174553: Financing - IDA ($200.0 m.). Sector(s): Other Energy & Extractives (58%), Energy Transmission & Distribution (17%), Non-Renewable Energy Generation (17%), Social Protection (8%). The project focuses on measures to improve the financial viability of the power sector and support the country’s transition to low-carbon energy. PACE prioritizes actions needed to initiate critical power sector reforms focused on: reducing power generation costs; better targeting of subsidies and tariffs for consumers; and improving efficiencies in electricity distribution with the participation of the private sector. Additional medium-term reforms are under development, focusing on subsidies, competitiveness, and power sector sustainability. The goal is to reduce circular debt over the long-term." | " https://projects.worldbank.org/en/projects-operations/project-detail/P174553 https://www.worldbank.org/en/news/press-release/2021/06/28/world-bank-board-approves-new-financing-totaling-800-million-to-support-critical-power-sector-reforms-and-human-capital- https://home.treasury.gov/system/files/206/June-2021.pdf (see June 28, 2021)" |
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| World Bank Group (WBG) | Pakistan | Clean conditional | Khyber Pakhtunkhwa Hydropower and Renewable Energy Development | Power generation | Hydro | Loan (Hybrid),loan guarantee (... | 200000000 | 24/09/2020 | Fiscal | International Development Association | Government of Pakistan | Exploration or production or processing or storage or transportation | 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." | " 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 " |
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| World Bank Group (WBG) | Senegal | Other energy | Regional Electricity Access and BEST Project | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 465000000 | 10/06/2021 | Fiscal | International Development Association | Republic of Senegal, Republic of Cote d'Ivoire, Republic of Mali, Republic of Niger, ECOWAS, Islamic Republic of Mauritania | Electricity storage or transmission or distribution | Public finance institution | "World Bank/IDA Project P167569: Financing - IDA ($465.0 m.). Sector(s): Energy Transmission & Distribution (90%), Public Administration - Energy & Extractives (8%), Other Energy & Extractives (2%). The project will increase grid connections in fragile areas of the Sahel, build the capacity of the ECOWAS Regional Electricity Regulatory Authority (ERERA), and strengthen the WAPP’s network operation with battery-energy storage technologies infrastructure. Countries in the Economic Community of West African States (ECOWAS) will expand access to grid electricity to over 1 million people, enhance power system stability for another 3.5 million people, and increase renewable energy integration in the West Africa Power Pool (WAPP). This is a pioneering move that makes way for increased renewable energy generation, transmission, and investment across the region." | " https://projects.worldbank.org/en/projects-operations/project-detail/P167569 https://www.worldbank.org/en/news/press-release/2021/06/10/world-bank-group-provides-465-million-to-expand-energy-access-and-renewable-energy-integration-in-west-africa https://www.worldbank.org/en/news/feature/2021/07/22/leveraging-the-power-of-energy-to-light-up-africa https://home.treasury.gov/system/files/206/June-2021.pdf (see June 10, 2021)" |
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| World Bank Group (WBG) | Uzbekistan | Other energy | Electricity Sector Transformation and Resilient Transmission | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 380000000 | 25/06/2021 | Fiscal | International Development Association | Republic of Uzbekistan | Electricity storage or transmission or distribution | Public finance institution | "World Bank/IDA Project P171683: Financing - IDA ($380.0 m.). Sector(s): Energy Transmission & Distribution (78%), ICT Infrastructure (15%), Public Administration - Energy & Extractives (4%), Other Energy & Extractives (3%). The project will improve the performance of the National Electric Grid of Uzbekistan (NEGU) to ensure reliable energy supplies to millions of households and businesses across the country. The project will help modernize outdated energy infrastructure by financing a part of NEGU’s priority investment program. Among other activities, it will include rehabilitation, upgrade, and expansion of 22 existing obsolete high-voltage substations and construction of a new 500 kV transmission substation and associated transmission lines in 11 regions of Uzbekistan." | " https://projects.worldbank.org/en/projects-operations/project-detail/P171683 https://www.worldbank.org/en/news/press-release/2021/06/25/uzbekistan-to-reform-and-green-its-electricity-sector-with-world-bank-support https://home.treasury.gov/system/files/206/June-2021.pdf (see June 25, 2021)" |
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| World Bank Group (WBG) | Ethiopia | Clean unconditional | Access to Distributed Electricity and Lighting in Ethiopia (ADELE) | Power generation | Multiple renewable | Loan (Hybrid),loan guarantee (... | 500000000 | 29/03/2021 | Fiscal | International Development Association | Federal Democratic Republic of Ethiopia | Electricity generation | Public finance institution | "World Bank/IDA Project P171742: Financing - IDA ($500.0 m.). Sector(s): Renewable Energy - Solar (75%), Energy Transmission & Distribution (20%), Public Administration - Energy & Extractives (5%). The funding is to support Ethiopia’s goal of achieving universal electricity access by 2025. ADELE will focus on access to new and improved electricity services for households, smallholder farmers, commercial and industrial users, and social institutions in urban, peri-urban, rural, and deep-rural areas. An important feature of ADELE will be the deployment of innovative solutions such as decentralized renewable energy technologies, particularly solar photovoltaic (PV) mini-grids and individual solar system for both household and productive use, deployed through a combined approach of public and private delivery modalities that further enhance affordability and inclusion. NOTE: IJ Global indicates that this project reached financial close on March 29, 2021." | " https://projects.worldbank.org/en/projects-operations/project-detail/P171742 https://www.worldbank.org/en/news/press-release/2021/03/29/new-world-bank-financing-supports-ethiopia-s-goal-of-universal-electricity-access-by-2025 https://home.treasury.gov/system/files/206/March_2021_Voting_Record.pdf (see March 29, 2021) https://ijglobal.com/data/transaction/55635/ethiopia-national-electrification-programme-world-bank-facility-2021" |
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| World Bank Group (WBG) | Benin | Other energy | Benin Electricity Access Scale-up (BEAS) Project | Power generation | Multiple renewable | Loan (Hybrid),loan guarantee (... | 200000000 | 14/06/2021 | Fiscal | International Development Association | Republic of Benin | Electricity generation | Public finance institution | "World Bank/IDA Project P173749: Financing - IDA ($200.0 m.). Sector(s): Energy Transmission & Distribution (91%), Public Administration - Energy & Extractive (9%). The project will carry out densification and extension works to increase access to grid electricity services for households, small and medium enterprises, and some basic public services. About 2,000 km of medium voltage lines and 4,000 km of low voltage lines will be constructed or rehabilitated and 80,000 kVA of transformers installed in 1,100 localities. At least 20,000 streetlights will also be installed in the project targeted areas. The project will impact more than 150,000 households (25% of which are headed by women), 1,000 small and medium-sized enterprises (20% of which are headed by women) and 500 basic public services will be connected to the grid." | " https://projects.worldbank.org/en/projects-operations/project-detail/P173749 https://www.worldbank.org/en/news/press-release/2021/06/14/150-000-households-newly-connected-to-electricity-in-benin https://home.treasury.gov/system/files/206/June-2021.pdf (see June 14, 2021)" |
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| World Bank Group (WBG) | International Development Asso... | Fossil unconditional | Sudan Reengagement and Reform Development Policy Financing | Resources | Oil and gas | Loan (Hybrid),loan guarantee (... | 343750000 | 25/03/2021 | Fiscal | Republic of Sudan | Republic of Sudan | Several energy stages | Public finance institution | "World Bank/IDA Project P175139: Financing - IDA (total project funding $1,375.0 m.). Sector(s): Oil & Gas (25%). To facilitate Sudan's re-engagement with the World Bank Group and support the country's economic reform agenda through policies that support: (i) correcting macroeconomic imbalances- exchange rate liberalization and phasing out fuel subsidies; (ii) strengthening s ocial protection and financial inclusion - implementing the Sudan Family Support Program (SFSP); and (iii) improving transparency a nd accountability of the public sector – standards for publication of the budget and budget execution reports." | " https://projects.worldbank.org/en/projects-operations/project-detail/P175139 https://www.worldbank.org/en/news/press-release/2021/03/26/sudan-clears-arrears-gains-access-to-2-billion-in-new-world-bank-financing https://home.treasury.gov/system/files/206/March_2021_Voting_Record.pdf (see March 23, 2021)" |
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| World Bank Group (WBG) | South Africa | Clean unconditional | Nedbank Green Loan | Power generation | Multiple renewable | Loan (Hybrid),loan guarantee (... | 200000000 | 22/09/2020 | 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)" |
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| World Bank Group (WBG) | Indonesia | Clean unconditional | PT Perusahaan Listrik Negara (Persero) | Power generation | Multiple renewable | Loan (Hybrid),loan guarantee (... | 522300000 | 08/01/2021 | Fiscal | Multilateral Investment Guarantee Agency | PT Perusahaan Listrik Negara (Persero) | Electricity generation | Public finance institution | "World Bank/MIGA Project 144660: Financing - $522.3 m.
The guarantees cover non-shareholders loans by Citibank, N.A., Singapore Branch of the United States of America, DBS Bank Ltd. of Singapore, JPMorgan Chase Bank, National Association, Singapore Branch of the United States of America, KfW IPEX-Bank GmbH of Germany, Landesbank Baden-Württemberg Singapore Branch of Germany, Oversea-Chinese Banking Corporation Limited of Singapore, Standard Chartered Bank (Singapore) Limited of Singapore, and PT Bank BTPN Tbk of Indonesia (together, the Guarantee Holders) to the Indonesian state-owned enterprise PT Perusahaan Listrik Negara (Persero) (PLN) to finance medium-term working capital expenses in relation to its U.S. Dollar denominated tariff payments under Power Purchase Agreements to purchase electricity from the seven existing renewable projects.
NOTE: US Treasury lists a MIGA guarantee of $150.0 m. on December 3, 2020 but it is uncear whether this part of the same package."
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" https://www.miga.org/project/pt-perusahaan-listrik-negara-persero-1 https://www.miga.org/2021-annual-report (see p.19) https://home.treasury.gov/system/files/206/December_2020_Voting_Record.pdf (see December 3, 2020)" |
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| World Bank Group (WBG) | Uzbekistan | Fossil unconditional | ACWA Power Sirdarya (aka Shirin) | Resources | Gas and gas products | Loan (Hybrid),loan guarantee (... | 638200000 | 10/05/2021 | Fiscal | Multilateral Investment Guarantee Agency | Standard Chartered Bank, Natixis, Societe Generale, Bank of China | Electricity generation | Public finance institution | "World Bank/MIGA Project 14688: Financing - $638.2 m. The project involves design, construction, operation and maintenance of a combined cycle single fuel (gas) (“CCGT”) power generating facility with the net installed capacity of 1.5 GW in Sirdarya region of Uzbekistan. The project will increase total supply and potentially substitute some of the old facilities in the existing state-owned thermal power plants by new and more efficient ones. The plant is located on 84ha of land about 2KM northeast of the city of Shirin, which is a border town to Tajikistan. NOTE: The date is derived from the MIGA project page. The amount is extrapolated from a July 26, 2022 MIGA newsrelease. Meanwhile, US Treasury seems to suggest an amount of $200.0 m. on March 5, 2021and IJ Global cites a ""MIGA-covered loan"" of $360.0 m. on August 24, 2021." | " https://www.miga.org/project/acwa-power-sirdarya https://www.miga.org/project/acwa-power-sirdarya-1 https://www.miga.org/press-release/miga-backs-international-consortium-effort-modernize-power-generation-uzbekistan https://home.treasury.gov/system/files/206/March_2021_Voting_Record.pdf (see March 5, 2021) https://home.treasury.gov/system/files/206/June-2021.pdf (see June 25, 2021) https://ijglobal.com/data/transaction/50268/shirin-ccgt-power-plant-15gw-ipp https://www.ijglobal.com/articles/159595/aiib-approves-central-asias-largest-non-sovereign-backed https://ijglobal.com/articles/152762/uzbek-ccgt-breaks-ground-as-lenders-eye-approvals https://ijglobal.com/articles/151457/uzbek-power-loans-move-towards-approval https://ijglobal.com/articles/156063/lender-approves-uzbekistan-ccgt-financing https://ijglobal.com/articles/154410/update-saudi-developer-fcs-on-uzbek-ccgt https://www.ijglobal.com/articles/164727/world-bank-endorses-uzbek-development-framework https://www.ijglobal.com/articles/165759/ijglobal-awards-2021-asia-pacific-deal-winners" |
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| World Bank Group (WBG) | Nigeria | Other energy | Nigeria Distribution Sector Recovery Program | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 500000000 | 04/02/2021 | Fiscal | International Bank for Reconstruction and Development | Federal Republic of Nigeria | Electricity storage or transmission or distribution | Public finance institution | "World Bank/IBRD Project P172891: Financing - $500.0 m.; Sector(s) - Energy Transmission & Distribution (80%), Public Administration - Energy & Extractives (20%). The Program Development Objective is to improve financial and technical performance of the electricity distribution companies. The project will help boost electricity access by improving the performance of the Electricity Distribution Companies (DISCOs) through a large-scale metering program desired by Nigerians for a long time. In addition, financial support would be provided to private distribution companies only on achievement of results in terms of access connections, improved financial management and network expansion. The project will help improve service quality, as well as the financial and technical performance of distribution companies by providing financing based on performance and reduction of losses. The program will reduce the CO2 emissions of the Nigerian power sector by reducing technical losses, increasing energy efficiency, replacing diesel and biomass with grid-electricity, and investing more in on- and off-grid renewable energy. NOTE: As of September 26, 2021, IJ Global indicates that this project has not yet reached financial close." | " https://projects.worldbank.org/en/projects-operations/project-detail/P172891 https://www.worldbank.org/en/news/press-release/2021/02/05/nigeria-to-improve-electricity-access-and-services-to-citizens https://home.treasury.gov/system/files/206/February-2021-Voting-Record.pdf (see 2-4-21) https://ijglobal.com/data/transaction/55110/nigeria-distribution-sector-recovery-programme-disrep" |
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| World Bank Group (WBG) | Pakistan | Other energy | Pakistan Program for Affordable and Clean Energy (PACE) | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 200000000 | 28/06/2021 | Fiscal | International Bank for Reconstruction and Development | Government of Pakistan | Electricity storage or transmission or distribution | Public finance institution | "World Bank/IBRD Project P174553: Financing - IBRD ($200.0 m.). Sector(s): Other Energy & Extractives (58%), Energy Transmission & Distribution (17%), Non-Renewable Energy Generation (17%), Social Protection (8%). The project focuses on measures to improve the financial viability of the power sector and support the country’s transition to low-carbon energy. PACE prioritizes actions needed to initiate critical power sector reforms focused on: reducing power generation costs; better targeting of subsidies and tariffs for consumers; and improving efficiencies in electricity distribution with the participation of the private sector. Additional medium-term reforms are under development, focusing on subsidies, competitiveness, and power sector sustainability. The goal is to reduce circular debt over the long-term." | " https://projects.worldbank.org/en/projects-operations/project-detail/P174553 https://www.worldbank.org/en/news/press-release/2021/06/28/world-bank-board-approves-new-financing-totaling-800-million-to-support-critical-power-sector-reforms-and-human-capital- https://home.treasury.gov/system/files/206/April_2021_Voting_Record.pdf (see 6-28-21)" |
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| World Bank Group (WBG) | Multiple | Clean conditional | Bundled – WBG “Clean Conditional” Investments under $200 million in 2021 | Multiple sectors | Multiple renewable | Loan (Hybrid),loan guarantee (... | 238700000 | 31/12/2021 | 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) in fiscal year 2021. | Project-level data can be accessed here: energyfinance.org
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| World Bank Group (WBG) | Multiple | Fossil conditional | Bundled – WBG “Fossil Conditional” Investments under $200 million in 2021 | Multiple sectors | Oil and gas | Multiple public finance | 69000000 | 30/06/2021 | Fiscal | Multiple | Multiple | Several energy stages | Central bank | This line item reflects World Bank Group investments made in "fossil conditional" projects (as per Energy Policy Tracker methodology) in fiscal year 2021. | Project-level data can be accessed here: energyfinance.org
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| World Bank Group (WBG) | Multiple | Fossil unconditional | Bundled – WBG “Fossil Unconditional” Investments under $200 million in 2021 | Resources | Multiple fossil | Multiple public finance | 410000000 | 30/06/2021 | 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) in 2021. | Project-level data can be accessed here: energyfinance.org
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| World Bank Group (WBG) | Multiple | Clean unconditional | Bundled – WBG “Clean Unconditional” Investments under $200 million in 2021 | Multiple sectors | Multiple renewable | Loan (Hybrid),loan guarantee (... | 2700000000 | 30/06/2021 | 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) in fiscal year 2021. | Project-level data can be accessed here: energyfinance.org
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| World Bank Group (WBG) | Multiple | Other energy | Bundled – WBG “Other Energy” Investments under $200 million in 2021 | Multiple sectors | Multiple renewable | Multiple public finance | 1700000000 | 30/06/2021 | 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) in fiscal year 2021. | Project-level data can be accessed here: energyfinance.org
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| World Bank Group (WBG) | Brazil | Other energy | Banco Alfa Loan | Mobility | Multiple energy types | Budget or off-budget transfer ... | 150000000 | 18/12/2020 | 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 |
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| World Bank Group (WBG) | Pakistan | Clean conditional | Khyber Pakhtunkhwa Hydropower and Renewable Energy Development | Power generation | Hydro | Budget or off-budget transfer ... | 360000000 | 24/09/2020 | 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. |
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| World Bank Group (WBG) | Bangladesh | Fossil unconditional | Ghorasal Polash Urea Fertilizer Project | Resources | Gas and gas products | Loan (Hybrid),loan guarantee (... | 357000000 | 26/02/2020 | 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. |
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| 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 | 08/05/2020 | 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/ |
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| 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 | 08/05/2020 | 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/ |
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| 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 | 08/05/2020 | 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/ |
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| 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 | 08/05/2020 | 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/ |
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| 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 | 08/05/2020 | 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/ |
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| World Bank Group (WBG) | Multiple | Clean conditional | Next Generation Africa Climate Business Plan | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 16/09/2020 | 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 |
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| World Bank Group (WBG) | Brazil | Other energy | Amadeus JV | Other sector | Biofuels and waste | Loan (Hybrid),loan guarantee (... | 100000000 | 08/05/2020 | 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 |
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| World Bank Group (WBG) | Rwanda | Other energy | Rwanda Energy Supplemental DPO | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 100000000 | 01/05/2020 | 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 |
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| World Bank Group (WBG) | South Africa | Clean conditional | FirstRand SL IV | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 100000000 | 26/06/2020 | 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 |
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| World Bank Group (WBG) | Moldova | Clean conditional | Second District Heating Efficiency Improvement Project | Buildings | Energy efficiency | Loan (Hybrid),loan guarantee (... | 100000000 | 18/06/2020 | 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 |
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| World Bank Group (WBG) | Global | Clean conditional | Global Climate Partnership Fund | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 100000000 | 19/03/2020 | 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 |
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| World Bank Group (WBG) | Burundi | Clean unconditional | Solar Energy in Local Communities | Power generation | Solar | Grant | 100000000 | 28/02/2020 | 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 |
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| World Bank Group (WBG) | Indonesia | Clean conditional | DCM OCBC NISP 2 | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 100000000 | 05/02/2020 | 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 |
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| World Bank Group (WBG) | Egypt | Clean unconditional | DCM CIB Green Bond | Buildings | Energy efficiency | Loan (Hybrid),loan guarantee (... | 100000000 | 25/08/2020 | 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 |
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| 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 | 10/01/2020 | 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 |
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| World Bank Group (WBG) | Tajikistan | Clean conditional | Tajikistan Power Utility Financial Recovery | Power generation | Hydro | Grant | 134000000 | 25/02/2020 | 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 |
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| World Bank Group (WBG) | South Africa | Clean conditional | Nedbank Green Loan | Buildings | Multiple renewable | Loan (Hybrid),loan guarantee (... | 200000000 | 22/09/2020 | 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 |
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| World Bank Group (WBG) | Turkey | Clean unconditional | MUFG ECA GTLP | Power generation | Multiple renewable | Loan (Hybrid),loan guarantee (... | 150000000 | 21/10/2020 | 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. |
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| World Bank Group (WBG) | China | Clean unconditional | China: Jiangxi Eco-industrial Parks Project | Resources | Solar | Loan (Hybrid),loan guarantee (... | 190000000 | 18/06/2020 | 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 |
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| World Bank Group (WBG) | South Africa | Clean conditional | SBSA Green Bond | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 200000000 | 21/02/2020 | 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 |
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| World Bank Group (WBG) | Cameroon | Other energy | Cameroon-Chad Power Interconnection Project | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 295000000 | 16/06/2020 | 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. " | " 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 |
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| World Bank Group (WBG) | Turkey | Clean conditional | Renewable Energy Integration Project Additional Financing | Power generation | Wind | Loan (Hybrid),loan guarantee (... | 325000000 | 28/02/2020 | 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" | " 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 |
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| World Bank Group (WBG) | Myanmar | Fossil conditional | Power System Efficiency and Resilience Project | Power generation | Gas and gas products | Loan (Hybrid),loan guarantee (... | 350000000 | 29/05/2020 | 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." | " 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 |
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| 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 | 31/03/2020 | 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. " | " 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 |
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| World Bank Group (WBG) | Nigeria | Other energy | Power Sector Recovery Performance Based Operation | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 750000000 | 23/06/2020 | 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. | " 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 |
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