ISLAMABAD: The World Bank has rated the overall implementation progress of Sindh Solar Energy project – worth $100 million – as moderately unsatisfactory to reflect the continued implementation delays and the corresponding slow rate of disbursement under the project.
Official documents revealed that the Bank has disbursed $16.15 million for the project which was approved by the World Bank’s Board of Executive Directors on June 14, 2018 and became effective on January 9, 2019 with the development objective to increase solar power generation and access to electricity in Sindh.
The first disbursement (into the designated account) was made in September 2019, but due to significant delays in implementation (including as a result of the COVID-19 pandemic and related restrictions) the project is significantly behind its implementation schedule with tangible results under just one of…