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: 3 | ARCHIVED on 22-Dec-2017 | ISR29754 | Implementing Agencies: Department of Economic Affairs, Ministry of New and Renewable Energy, State Bank of India, State Bank of India 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 Program Development Objective (from Program-for-Results Appraisal Document) The PDO is to increase installed capacity of Grid-connected Rooftop Solar Photovoltaic (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  Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Satisfactory Overall Risk Rating  Substantial  Substantial Implementation Status and Key Decisions 12/22/2017 Public Disclosure Copy Page 1 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) The State Bank of India (SBI) has recently sanctioned projects amounting to US $264 million with aggregate capacity of 425 MW, thus taking the total sanction to US $356 million under the program, adding 575 MW of solar rooftop capacity to the grid. Under its Technical Assistance program a Project Management Consultant has been hired. A business plan has been submitted by the PMC to Steering Committee for approval. So far, 61 SBI officials have been trained under the Capacity Building component of the Program. 12/22/2017 Public Disclosure Copy Page 2 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) 12/22/2017 Public Disclosure Copy Page 3 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) 12/22/2017 Public Disclosure Copy Page 4 of 7 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 Overall Comments Intermediate Results Indicators 12/22/2017 Public Disclosure Copy Page 5 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report Grid-Connected Rooftop Solar Program (P155007) Overall Comments 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 5.73 17.20 25% 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 12/22/2017 Public Disclosure Copy Page 6 of 7 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 12/22/2017 Public Disclosure Copy Page 7 of 7