In response to demand from developing countries, World Bank Group financing for energy projects has been strong in recent years, reaching US$8.2 billion in fiscal year 2011. Our energy projects seek to increase energy access, develop renewable energy and energy efficiency, and leverage private sector participation in energy generation, transmission and distribution including through effective public-private partnership arrangements. The numbers in this table were drawn from a review of WBG energy financing undertaken in 2011.
| Table 1: World Bank Group Energy Portfolio by Financing Source, FY2007-FY2011 (US$ Millions) | | Institution | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 | | World Bank | 2,137 | 4,778 | 6,648 | 10,367 | 6,064 | | IBRD1 | 552 | 2,427 | 3,569 | 8,140 | 4,755 | | IDA2 | 1173 | 1,932 | 2,155 | 1,356 | 1,200 | | GEF3 | 142 | 125 | 84 | 19 | 31 | | CTF4 | - | - | 100 | 500 | 50 | | Others5 | 270 | 294 | 740 | 353 | 27 | | IFC6 | 1,308 | 2,782 | 1,650 | 2,354 | 1,998 | | MIGA7 | 417 | 110 | 33 | 225 | 119 | | Total Energy Financing | 3,862 | 7,670 | 8,332 | 12,947 | 8,181 | Notes: 1 IBRD: The International Bank for Reconstruction and Development. 2 IDA: International Development Association 3 GEF: Global Environment Facility provides grants and concessional loans to help developing countries meet the costs of measures designed to achieve global environmental benefits. The World Bank is one of the three implementing agencies of the GEF. 4 CTF: The Clean Technology Fund, one of two Climate Investment Funds, promotes scaled-up financing for demonstration, deployment and transfer of low-carbon technologies with significant potential for long-term greenhouse gas emissions savings. 5 Others: These include Guarantees, Carbon Finance, Special Financing and Recipient-Executed activities. Carbon Finance: The World Bank Carbon Finance Unit uses finance contributed by governments and companies in OECD countries to purchase project-based greenhouse gas emission reductions in developing countries and countries with economies in transition. 6 IFC: The International Finance Corporation provides loans, equity, and technical assistance to stimulate private sector investment in developing countries. 7 MIGA: The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against losses caused by non-commercial risks to investors in developing countries.
| Table 2: World Bank Group Energy Portfolio by Region, FY2007-FY2011 (US$ Millions) | | Region | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 | | Sub-Saharan Africa | 1,224 | 1,261 | 1,754 | 5,281 | 1,156 | | East Asia and the Pacific | 251 | 1,505 | 1,229 | 990 | 2,116 | | Europe and Central Asia | 518 | 1,194 | 2,295 | 1,182 | 2,384 | | Latin America and the Caribbean | 489 | 1,157 | 801 | 1,948 | 1,331 | | Middle East and North Africa | 368 | 360 | 806 | 1,050 | 67 | | South Asia | 947 | 2,158 | 1,446 | 2,495 | 1,062 | | Multi-Region Projects8 | 65 | 35 | - | - | 64 | | Total Energy Financing | 3,862 | 7,670 | 8,332 | 12,947 | 8,181
| Notes: 8 Multi region projects are those with components in more than one region.
| Table 3: World Bank Group Energy Portfolio by Sector, FY2007-FY2011 (US$ Millions) | | Sector | FY2007 | FY2008 | FY2009 | FY2010 | FY2011 | | Energy Efficiency | 753 | 1,521 | 1,685 | 1,802 | 1,551 | | Renewable Energy9 | 840 | 1,471 | 1,678 | 1,905 | 2,977 | | New Thermal Generation10 | 364 | 1,087 | 987 | 4,287 | 290 | | Other Energy11 | 717 | 1,015 | 1,702 | 2,019 | 1,783 | | Transmission and Distribution | 458 | 1,650 | 1,204 | 2,208 | 1,397 | | Upstream Oil, Gas, Coal | 729 | 972 | 1,076 | 725 | 182 | | Total Energy Financing | 3,862 | 7,670 | 8,332 | 12,947 | 8,181 | | Total Low Carbon12 | 1,761 | 3,338 | 3,363 | 5,584 | 5,937 | | Total Access13 | 905 | 1,784 | 2,201 | 1,020 | 1,031 | Notes: 9 This includes hydropower. 10 New Thermal Generation includes all new fossil-fuel power plants, including new high efficiency fossil-fuel power plants 11 Other Energy includes energy policy support and technical assistance projects. (super- and ultra- critical power plants). 12 Low Carbon projects include renewable energy projects, energy efficiency projects, and projects that support increased use of cleaner fuels to displace more carbon intensive ones. 13 Access includes projects aimed at increasing access to electricity services. 12, 13 These categories are not mutually exlusive, as some projects are classified as blended Low Carbon and Access.
For complete World Bank Group energy project classifications and definitions, please click here (pdf, 210KB). |