Rural Electrification and Renewable Energy Development

Project Summary

This project promotes solar energy in rural areas implemented by successful and well established Bangladeshi institutions. These include, rural electricity cooperatives, community-based organizations, NGOs, microfinance institutions and the private sector. The project provides a package of interventions to support these institutions in overcoming key market barriers: a) increasing awareness of SHS among consumers and providers; b) building technical and management capacity to design, implement and evaluate SHS programs; c) providing technical and business development support to implementing institutions; d) introducing standards and programs for testing and certification, e) financing grants to buy-down capital costs and increase affordability of SHS; f) promoting electricity as a means for income generation and social wellness; and g) identifying mechanisms to promote sustainability and replicability. Multiple approaches to SHS delivery are being proposed, including a “fee-for-service” program through rural electricity cooperatives, purchase supported by micro-credit through NGOs and microfinance lenders, and hire-purchase/direct sale programs by private dealers and NGOs.

Project Details

GEF Project ID
1209
Project Type
Full-size Project
Status
Completed
Country
Bangladesh
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Rural Electrification Board (REB) and Infrastructure Development Company (IDCOL)
GEF Project Manager
Eric Martinot |

Financials

Project Preparation Grant Amount
340,000 USD
GEF Project Grant
8,200,000 USD
Co-financing Total
22,400,000 USD
GEF Agency Fees
999,000 USD
Total Cost 30,940,000.00 USD

Project Timeline

Received by GEF
Preparation Grant Approved
28 Sep 2001
Concept Approved
01 Dec 2001
Project Approved for Implementation
29 May 2002
Project closed
31 Dec 2007