Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Grid-Connected Rooftop Solar Program (P155007) SOUTH ASIA | India | Energy & Extractives Global Practice | IBRD/IDA | Program-for-Results | FY 2016 | Seq No: 2 | ARCHIVED on 16-Mar-2017 | ISR26862 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:13-May-2016 Effectiveness Date:28-Sep-2016 Planned Mid Term Review Date:30-Nov-2018 Actual Mid-Term Review Date:-- Original Closing Date:30-Nov-2021 Revised Closing Date:30-Nov-2021 Project Development Objectives Grid-Connected Rooftop Solar Program (P155007) Program Development Objective (from Program-for-Results Appraisal Document) The PDO is to increase installed capacity of GRPV and to strengthen the capacity of relevant institutions for GRPV. The Program Environmental Objective (PEO) is to achieve reductions in GHG emissions through the displacement of thermal energy with solar energy. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions State Bank of India has successfully built a strong pipeline of potential projects to be financed under this program. One project has been sanctioned 3/16/2017 Public Disclosure Copy Page 1 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) to date and SBO is taking all possible steps to accelerate the processing of applications for finance for solar rooftop projects, so that the objectives of this important program can be met as quickly as possible. The GEF Grant for the Technical Assistance component became effective on January 19, 2017. SBI is about to release requests for proposals for a Project Management Consultant, which will manage the Technical Assistance that is being enabled under the Program. Ministry of New and Renewable Energy has convened a Steering Committee to oversee this Technical Assistance. 3/16/2017 Public Disclosure Copy Page 2 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) 3/16/2017 Public Disclosure Copy Page 3 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) 3/16/2017 Public Disclosure Copy Page 4 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Low  Low  Low Macroeconomic  Low  Low  Low Sector Strategies and Policies  Moderate  Moderate  Moderate Technical Design of Project or Program  Substantial  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  Moderate  Moderate  Moderate Fiduciary  Moderate  Moderate  Moderate Environment and Social  Moderate  Moderate  Moderate Stakeholders  Substantial  Substantial  Substantial Other  --  --  -- Overall  Substantial  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Capacity of GRPV connected to the grid (Megawatt, Custom) 3/16/2017 Public Disclosure Copy Page 5 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 4.00 250.00 Date 13-May-2016 -- 09-Feb-2017 30-Nov-2021 PHINDPDOTBL  Reduction of carbon emissions (Number (Thousand), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 1,200.00 Date 13-May-2016 -- 09-Feb-2017 30-Nov-2021 Overall Comments Intermediate Results Indicators PHINDIRITBL  Launch of Rooftop Solar PV program at SBI and development of internal procedures for the identification, risk assessment, appraisal and approval of rooftop solar projects (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 Done Done One time Date 13-May-2016 21-Jul-2016 21-Jul-2016 30-Nov-2021 PHINDIRITBL  Implementation of TA and capacity building program for discoms, SNAs, SERCs etc. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Consultants under Value 0.00 -- TA completed Procurement Date 13-May-2016 -- 09-Feb-2017 30-Nov-2021 3/16/2017 Public Disclosure Copy Page 6 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) PHINDIRITBL  Phase 2 of SBI’s Rooftop Solar PV program launched (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- Not yet due Completed Date 13-May-2016 -- 09-Feb-2017 30-Nov-2021 PHINDIRITBL  Amount rooftop solar loans approved by SBI (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 3.00 625.00 Date 13-May-2016 -- 09-Feb-2017 30-Nov-2021 PHINDIRITBL  Amount of additional equity financing from private sources mobilized by SBI (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 1.20 265.00 Date 13-May-2016 -- 09-Feb-2017 30-Nov-2021 PHINDIRITBL  Capacity (MW) of GRPV orders (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 5.40 600.00 Date 13-May-2016 -- 09-Feb-2017 30-Nov-2021 3/16/2017 Public Disclosure Copy Page 7 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) PHINDIRITBL  Capacity of rooftop solar installed and commissioned under the program (MW) (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 500.00 Date 13-May-2016 -- 09-Feb-2017 30-Nov-2021 Overall Comments The Solar Rooftop Program is in the early phase of roll-out. Results achievement is expected to ramp up over the next several months. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P155007 IBRD-86110 Effective USD 500.00 500.00 0.00 126.25 373.75 25% P155007 TF-A2023 Effective USD 5.00 5.00 0.00 5.00 0.00 100% P155007 TF-A2401 Effective USD 120.00 120.00 0.00 30.00 90.00 25% P160018 TF-A3753 Effective USD 22.94 22.94 0.00 0.00 22.94 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P155007 IBRD-86110 Effective 13-May-2016 30-Jun-2016 28-Sep-2016 30-Nov-2021 -- P155007 TF-A2023 Effective 13-May-2016 30-Jun-2016 28-Sep-2016 30-Nov-2021 -- P155007 TF-A2401 Effective 13-May-2016 30-Jun-2016 28-Sep-2016 30-Nov-2021 -- P160018 TF-A3753 Effective 19-Jan-2017 19-Jan-2017 19-Jan-2017 30-Nov-2021 -- Cumulative Disbursements 3/16/2017 Public Disclosure Copy Page 8 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Restructuring History There has been no restructuring to date. Related Project(s) P160018-Additional Financing for Grid-Connected Rooftop Solar Program 3/16/2017 Public Disclosure Copy Page 9 of 9