The RERED Project
is designed to on-lend funds through intermediaries (Participating
Credit Institutions (PCIs)) to sub-borrowers undertaking renewable
energy sub-projects and energy efficiency investments. Technical assistance
is available for development and implementation of grid-connected
and off-grid renewable energy systems, and is funded by IDA credit
and GEF grants. Given the relatively small size of individual procurements,
established commercial practices would be the main mode of procurement
under the RERED Project.
Procurement oversight arrangements
PCIs will maintain details of the procurement methods used by sub-borrowers
and monitor the utilisation of sub-loan funds through site supervision
visits. Administrative Unit (AU) staff and IDA field supervision missions
will continue to review implementation of these procedures.
To enhance the fiduciary review process,
the following additional safeguards will be followed:
PCIs will verify procurement practices
of sub-borrowers and submit a certificate of compliance that
agreed procurement procedures had been followed for all cases
where commercial practices have been adopted
An external consultant/auditor hired by the
AU will carry out ex-post reviews and asset verification for
100 percent of grid-connected projects and 50 percent of off-grid
projects except for solar home systems (SHS). In the case of
SHS, random checks will be carried out on a regular basis for
a limited number of system
The World Bank will conduct sample ex-post audits
as deemed necessary
Procurement of goods and works financed by IDA credit proceeds and
GEF grant proceeds will follow the most recent version of Guidelines
for Procurement under IBRD Loans and IDA Credits. Selection of consultants
will follow the most recent version of Guidelines for the Selection
and Employment of Consultants by World Bank Borrowers.
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