In response to demand from developing countries, World Bank Group financing for energy infrastructure development has been strong in recent years, reaching US$ 7 billion in Fiscal Year 2008. Our energy infrastructure 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.
Energy Portfolio by Financing Source, FY03 - FY08 (in US$ millions)
Product LineÂ
FY03
FY04
FY05
FY06
FY07
FY08
World Bank
          1,176Â
             921Â
          1,868Â
          3,150Â
          2,017Â
              4,518Â
IBRD1
             468Â
             259Â
             593Â
          1,565Â
             504Â
              2,674Â
IDA1
             560Â
             535Â
             712Â
          1,441Â
          1,070Â
              1,420Â
GEF2
               55Â
               62Â
             105Â
               51Â
             128Â
                 145Â
Others3
                93 Â
               64Â
             458Â
               98
             314Â
                  272
IFC4
             638Â
             705Â
             764Â
          1,308Â
          1,170Â
              2,923Â
MIGA5
             556Â
               73Â
             232Â
             190Â
             417Â
                 110Â
WBG Energy (US$million)
          2,370Â
          1,699Â
          2,864Â
          4,653Â
          3,603Â
              7,545Â
1IBRD/IDA: The International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) together make up the World Bank.
2GEF: Global Environment Facility (GEF) provides grants and concessional loans to help developing countries meet the costs of measures designed to achieve global environmental benefits. The World Bank is one of the three implementing agencies of the GEF.
3Â Others: These include Guarantees, Carbon Finance, Special Financing and Recipient-Executed activities. Carbon Finance: The World Bank Carbon Finance Unit (CFU) uses finance contributed by governments and companies in OECD countries to purchase project-based greenhouse gas emission reductions in developing countries and countries with economies in transition
4IFC: The International Finance Corporation (IFC) provides loans, equity, and technical assistance to stimulate private sector investment in developing countries.
5MIGA: The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against losses caused by non-commercial risks to investors in developing countries.
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Energy Portfolio by Region, FY03 - FY08 (in US$ millions)
Sectoral Breakdown of WBG Energy Lending, FY03 - FY08 (in US$ millions)
Project TypeÂ
FY03
FY04
FY05
FY06
FY07
FY08
EE8
             177Â
              92Â
             217Â
             425Â
             262Â
1,192
Large Hydro9
               23Â
               83Â
             538Â
             250Â
             751Â
1,007
New RE8
             206Â
             138Â
             246Â
             344Â
             421Â
473
Upstream Oil, Gas and Coal
             333Â
             496Â
             578Â
          1,074Â
             627Â
981
Other Energy10
            954Â
             386Â
             278Â
             248Â
             374Â
903
Thermal Generation
             461Â
             255Â
             100Â
             511Â
             360Â
957
Transmission and Distribution
             216Â
             248Â
             906Â
          1,801Â
             809Â
2,031
WBG Energy (US$million)
          2,370Â
          1,699Â
          2,864Â
          4,653Â
          3,603Â
7,545
Total Low Carbon11
             406Â
             350Â
          1,237
          1,660Â
          1,440Â
3,003
Total Access12
             794Â
             537Â
          1,136Â
          1,018Â
          1,239Â
2,321
8New RE/EE refers to all renewable energy and energy efficiency projects excluding hydropower projects larger than 10 MWs.
9Large hydro refers to hydropower projects larger than 10 MWs.
10Other Energy includes energy policy support projects.
11Low Carbon projects include: renewable energy projects, energy efficiency, power plant rehabilitation; district heating, biomass waste fueled energy; gas flaring reduction; high efficiency coal fired plants (super-critical and ultra-supercritical) thermal plants.
12Access includes projects aimed at increasing access to electricity services.
11,12 These categories are not mutually exlusive, as some projects are classified as blended Low Carbon and Access.Â