World Bank

IFC to Help Kyrgyzstan Develop Renewable Projects Through PPP Model

The International Finance Corporation (IFC) – a key agency of World Bank – has partnered with the Kyrgyzstan government under the World Bank Group’s Scaling Solar program to develop up to 100-150 MW of grid-connected solar power. IFC said that this will help Kyrgyzstan to diversify its energy mix and increase its renewable power capacity. […]

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World Bank Approves $311 Million for Renewable Energy in West Africa

The World Bank has cleared the Regional Emergency Solar Power Intervention Project (RESPITE) for the West African region with an approval of $311 million that will be financed through its agency – International Development Association (IDA). The new project is expected to benefit the existing and prospective power consumers in the participating countries of Chad, […]

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World Bank Inks Project to Scale up Renewable Energy Technologies in India

The World Bank has announced that it has signed agreements with the Government of India (GoI) and Solar Energy Corporation of India Limited (SECI) for a $150 million IBRD loan, a $28 million Clean Technology Fund (CTF) loan and a $22 million CTF grant. The objective of the financial agreements is to help India increase […]

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Examining the Biggest Polluters: Report Card of Transportation Industry

The transportation sector is essential for economic growth, creating jobs, and connecting people to critical services. The industry is also growing rapidly and will retain this trend for a long time. Yet, what’s concerning about the growth of the transportation sector is that it is also one of the biggest polluters. The industry shares a […]

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Himachal Group Opposes World Bank Consultation Over Hydropower

A motley group of dam affected people and other activists in Himachal Pradesh have shot off a letter to the World Bank and Directorate of Energy, HP, on July 6 protesting against the hydropower projects in the state. They also boycotted the scheduled ‘Stakeholder Consultation’ for the proposed $200 million ‘Himachal Pradesh Power Sector Development Programme’. […]

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World Bank Provides $165 M To Support RE In India’s Residential Sector

The World Bank Board of Executive Directors on June 28 approved of $165 million in additional financing to support India’s residential sector in adoption of rooftop solar systems and make solar energy more affordable, according to a press release issued by the World Bank. These solar photovoltaic (PV) installations will provide clean, renewable energy, and […]

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World Bank says Pakistan must call for 11GW renewable energy bids

Variable Renewable Energy Competitive Bidding Study – a new study by the World Bank – has said that Pakistan will require a call for competitive bidding for over 11 GW of renewable energy solar and wind power plants between the present and 2028. The study stated that this is needed to ensure that the future […]

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Maldives seeks bids for grid modernisation under World Bank-aided project

The Maldivian Ministry of Finance has invited bids for the delivery of grid infrastructure works to support grid modernization as well as the integration of solar PV in the network on 15 islands. The Government of the Republic of Maldives has received financing from the World Bank toward the cost of the ‘Accelerating Renewable Energy […]

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Tunisia Awards 500 MW Solar Projects

Tunisia has awarded several solar power projects to bidders in a bid to move closer to its international obligations for its domestic renewable share of energy. The combined output of all these solar projects will be 500 MW. The new solar projects will be located in different governorates of Tunisia. The largest of all is […]

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