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Detail of GEF Project #1545

GEF Project ID1545
IBRD PO ID77761
Funding SourceGEF Trust Fund
Project NameRenewable Energy for Rural Economic Development
CountrySri Lanka
RegionAsia and the Pacific
Focal AreaClimate Change
Operational Program5; 6
Pipeline Entry Date2002-02-27
Approval Date2002-05-17
CEO Endorsement Date2002-06-06
GEF Agency Approval Date2002-06-20
Project Completion Date2011-12-31
Project StatusProject Completion
GEF AgencyWorld Bank
Executing AgencyMinistry of Finance
DescriptionThis project represents a second, follow-on project to the first Energy Services Delivery project. That first project, to close in December 2002, targeted solar home systems, grid-based small hydro, small hydro village mini-grids, and energy efficiency, and has been one of the most successful projects in the GEF portfolio to date. This second project continues to expand markets for solar home systems and grid-based power generation, adds biomass and wind technologies for village mini-grids, emphasizes new approaches to income generation and social services ("cross-sectoral applications"), explicitly targets poverty reduction, and supports policy frameworks for energy efficiency and DSM. Total project $133 m. IDA $75 m., GEF $8 m., other cofinancing $50 m (private investors, banks, community borrowers) [updated June 6, 2002].
Implementation StatusThe progress of the project is very satisfactory. The growth of SHS has taken off after microfinance organization partnered solar dealers to sell SHS to rural households on credit basis. Already over 70,000 SHS systems have been sold. In terms of community electricification 78 sub-projects serving nearly 4.000 households have been approved. The first biomass project is now in commercial operation. The project has helped reduce two barriers to the industry by introducing dedicated biomass conversion technology and establishing the first commercial operation of biomass supply to the grid. There is now interest in wind farms, including three local and three international developers.
GEF Project Grant
8,000,000 USD
GEF Grant
8,000,000 USD
Cofinancing Total
125,800,000 USD
Project Cost
133,800,000 USD
GEF Agency Fees
990,000 USD
GEF Project (CEO Endo.)
8,000,000 USD
Cofinancing Total (CEO Endo.)
125,800,000 USD
Project Cost (CEO Endo.)
133,800,000 USD
Project Documents

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