AUDITOR'S REPORTAudit Completion Date: 04-09-2016,

SecretaryEconomic Relations Division (ERD)Ministry of FinanceSher-e-Bangla Nagar, Dhaka- 1207.

1 We have audited the Financial Statement of the "Rural Electrification and

Renewable Energy Development Project-If' financed by IDA under Credit no.5158-BD,

BCCRF Co-financing Trust Fund Grant No-TF 015077, USAID (Grant) Co-financing Trust

Fund # TF 015034 and Additional financing IDA Credit no- 5514 BD as of30th June, 2016

and for the year then ended. The preparation of the Financial Statement is the responsibility

of the Management. Our responsibility is to express an opinion on the Financial Statement

based on our audit.

II. We conducted our audit following International Standards on Auditing. Those

standards require that we plan and perform the audit to obtain reasonable assurance aboutwhether the Financial Statement is free of material misstatement. An audit includes

examining, on a test basis, evidence supporting the amounts and disclosures in the Financial

Statement. An audit also includes assessing the accounting principles used and significant

estimates made by management, as well as evaluating of the Financial Statement

presentation, We believe that our audit provides a reasonable basis of our opinion.

III. In our opinion except non compliance of financial rules and regulations stated in

subsequent observation along with the management letter following the Financial Statement

gives a fair view in all material aspects of the financial position of "Rural Electrification and

Renewable Energy Development Project-Ifl as at 30 th June, 2016 and result of its operations1-and its cash flows for the year then ended in accordance with the cash basis of accounting

followed by the Government of Bangladesh.

IV. Opinions Status: Unqualified.

,A(A(MohatmnadAmimul Ehsan Kabir)

Deputy DirectorFor Director General

Foreign Aided Projects Audit DirectoratePhone: 9362478.

1:nan\Seor-4\Repr5-4)t2015-1 6LA 5-IDA-Ideol RE&RED-I[{51H -BD)_(Erak Sir)-.do 6

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Rural Electrification and Renewable Energy Development (RERED 11) Project Il, DA-5158

Project Finanolal Statement30th June, 2016

Cumulative CumulatieResources Notes Prior Perlod Current Period Current Périod

Govemment ot Bangladesh 1 -

Loan from Development Partner 2,1 8,524,501.135 86,332,938 8,610,834,073

Grant from Deveopment FPartnar2.2 136,801,205 260,630,854 397,432,059

Other Resources i 3 31,251,531 4,641,107 35,892,638

Cash Opening Balance 4 - 167,862,299 -

Total Resources 8,692,553,871 519,467,199 9,044,158,771

Cumulative CumulativeExpenditure and Cash Notes Prior Period Current Period Current Period

1 Sb-Ladto¯Os orinsallngSHSin7,982,434,219 10,634,315 7,993,068,534the rural areas of Bangladesh _ _ _

2, Sub-Loans to POs for installing RAPSS In 5 12,485 176669 264258the rural areýas of Bangladesh

3.Goods, Consultants' Services (Cat-2) 279,143,351 136,625,303 415,768,654

4. Sub-Grants-Biogas (Cat-3) 19,685,000 | - 19,685,000

5. Sub-Grants-ACS (Cat-3) 6 36,228,752 51,697,722 187,926,474

6,Goods, Consultants' Services (Cat-3) 53,056,263 | -5,075,773 68,132,036

7.Bank charges, taxes & transfers 25,398,133 I 8,888,243 34,286,376

Total Expenditure 8,524,691,572 480,598,050 9,005,289,622

Closing Balance

Imprest A/c -

Operating Account (REP)-A to E 4 167,862,299 38,869,149 8,869,149

Operating Account (GOB)

Total Expenditure & Cash 8,692,553,871 519,467,199 9,044,158,771

Sh Mjanur Rahmannager, Finance & Accounts

nfratructure DevelopmentComopany Linited (IDCOL) Md. Ziaul Alam, ACA

Unit Head, Financial Reporting & ControlInfrastructure Development CormpanyLimited (I DCOL)

SEra4Ul [slarn)ffice

p,,z12Z:> 1r f~DM)le

Rural Electrification and Renewable Energy Development (RERED II) Project II, IDA-5158

NOTES TO FINANCIAL STATEMENT

I GOVERNMENT OF BANGLADESH

There is no provision ofGoB's sharm eigible for project expenditure

Ineeption to 30th For the year Inception to

June 2015 2015-2016 30th June 2D16

Disbursement by GOB

Less: Refund to GOB -

Total --

2,1 LOAN FROM DEVELOPMENT PARTNER

. Loan Reeipt. (in taka)

Inception to 30th For the year Tnception to

June 2015 2015-2016 30th June2016

Initial Advance 700,000,000 - i700,000,000

Direct_Payment 1,473,127,943 .- 1,473,127,943

SOE Procednre-Ato E 6,351,373,192 86,332ý938 6,437,706,130

Non S OE Procedure -

otal 8,524,501,135 86,332,938 8,610,834,073

2.2 GRANT FROM DEVELOPMENT PARTNER

Grant Rercipt. (in taka)

Ineption to 30th For the year Ineption to

June 2u1s 2015-2016 30th June 2016

Initi'11 Advance 50,000,000 - 50,HO00,0

Dirct Payment - -

SOE Procedure 86,801,205 260,630,854 347,432,059

Non SOE Procedure i--

Total 136,801,205 26,630,84 397,432,059

3 OTH-ER RE SOURCES ·

Other resources tonsksts of the following, (in taka)

Inception to 30th For the year Inception to

June 2015 2015-2016 30th Juine 2016

Project RevenueBank Interst-A to E-2248 26,636,919 ,812,601 30,449,520

BatRerint-HE-2256 4,614,612 82506 5,443,118

T otal 31,2,489 4,69,149 35,892,149

4 CASH (Closing Balance)

The project has two bank accounts of whýich arne is USD Inpreýst Aecounit ma ntained with Banglýadesh

B ank and another is operatmg account maitained with Janata Bank Ltd.

Inception to 30th For the yerInception to

June 2015 2015-21 30th June 2016

O gAccount (RPA)-2248 39,47,594 i 5,557,198 5 557,198

Operating Account (RPA)-2256 2,8,951 33,311,952 33,311,952

Operating Account (GOB)--

b Mijanur Rahmn^E 'otal 260,629,489 38,869,149 -38,869,149

nageýr Fi,nancr'e & Accouf -

f rastrute Deveglopment KlÅusan A am, ACA

mpanynial Reprting & Cær

i,;æ¢CmVdvO 0 In assueture Developmnent Conpi»

Additional Financing for Rural Electrification and Renewable Energy Development {RERED li)Project 11, IDA-5514

Project Financial Statement30th June, 2016

Cumu¯ltive , CumulativeResources Notes Prior Period Current Penod Cu-rent Period

Govemment of Bangladesh 1

Loan from Development Partner 2,1 1,512,907,540 3,211,130,422 4,724,037,962

Grant from Development Partner 2.2 45,032,297 45,032,297

Other Resources 3 908,729 4,390,327 5,299,066

Cash Opening Balance 4 - 445,361,216

Total Resources 1,513,816,269 3,705,9143262 4,774,363,315

Cumulative CumulativeExpenditure and Cash Notes Prior Period Current Period Current Period

1. Sub-Loans to POs for instaHing SHS in 4,265,067,552I5 1,068,454,477 3,199,633,075 428H,5

the rural areas of Bangladesh2.Goods, Consultants' Services (Cat-2) 31 49,039,117 0 7

3. Bank charges, taxes & transfers 576 908,729 909,305

Total Expenditure 1,068,455,053 3,249,580,921 4,318,035,974

Closing Balance

lmprest A/c -OperatingAccount ____ _ 4 445,361,216 456,333,341 456,333,341

Operatitg Account (GOB) -

Total Expenditure & Cash 1,513,816,269 3,705,914,262 4,774,369,315

hek Mijanur RahmanManager, Finance & AccountsInfratructure DevelopmantCompany LImited (IDOL) Md Zaul Aýam, ACA

Un head, Firancial Reporting & CoNtelInfrastructure Deve[Opment CompanyLimited (IDCOL)

Additional Financing for Rural Electrification and Renewable Energy Developrnent (RERED 11)Projeet HI, IDA-5514

NOTES TO FINANCIAL STATEMENT

I GOVERNMENT OF EANGLADESHThere is no provision of GoB's share eligible for project expenditure

inception to For the year. lnception to

30th June 2015 2015-2016 30th June 2016

Disbursement by GOB -

Less: Refund to G0BTotal

2.1 LOAN FROM DEVELOPMENT PARTNER

Loan Receipt. (in taka)

Inception to For the year Inception to

30th June 2015 2015-2046 30th June 2016

Initial Advance 500,000,000 500,000,000

Direct Payment 122,899,515 377 908,228 500,807,743

SOE Procedure 890,008,025 2,833,222,194 3,723,230,219

Non SOE Procedure -

Total' 1,512,907,540 3,211,30,422 . 4,724,037,962

2.2 GRANT FROM DEVELOPMENT PARTNERGrant Receipt. (in taka)

Inception to For the year Inception to

30th June 2015 2015-.2016 30th June 2016

Initial Advance -

Direct Payment - -

SOE Procedure 45032,297 45,032,297

Non SCE Procedure - iTotal 45,032,297 45,032,297

3 OTHER RESOURCESOther resources consists of the follwing. (in taka)

Inception to For the year Inception to

30th June 2915 2015-2016 30th June 2016

Project Revenue -

Bank Interest 908,729 4,390,327 5,299,06

Total 908,729 4,390,327 5,299,056

4 CASH (Closing Balance)The project has two bank accounts of which one is USD lmprest Account maintained with

u r lslalTÉangladesh Bank and another is operating account maintained with Janata Bank Ltd.

Inceptio to Ft-r tInception to For the year Inception to30th June 2015 2015-2016 30th June 2016

Inprest Account 2

Operatng Account (RPA) 445,361,216 456,333,341 ¯456333,341

Operating Account (GOB) -

JTotal 445,361,216 456,333,341 6333,341

5 ek ijanur Rhrnen Zaul Aiamn ACAnapar Finace bAccov4s i,&f npLý nanciaiRepQffil&lg~rn

Rural Electrifieation and Renewable Energy Development Il (REREDP-l1) ProjectBCCRF Co-financing Trust Fund

Grant Fund # TF 015077

Pro]ect Financlal Statement30th June, 2016

Noe~ Cumulative I U CurnulativResources Notesý Current Period CurnRsuosiPrior Period Creie Current Per,,od

Government of Bangladesh 1 -Grant fram Development Padner 2 61,602,779 112,992,068 V74,594,847

Other Resources 3 2,466,350 1,175,461 3,6416811

Cash Opening Balance 49,999,425 48,451,525

Total Resources 114,068,564 162,619,054 178,236,658

Expenditure and Cash1. Grant support to sponsors for 9,518,337

installing solar rrigation pumps2, Goods Consultants'services, training, 575 1,6,3 18,20 170

etcD 4,845,735 13,360,435 18,2016,170etc3, Bank charges 1,253,532 15,000 1,268,532

Total Expenditure 15,617,604 141,122,572 156,740,176

Glosing Baiance

I rn prest Alc-Operating Account (RPA) 4 48,451,525 21,496,482 I 21,496,482

Operating Account (.GOB) [Total Expenditure & Cash 64,069,129 162,619,054 178,236,658

companLy

Md. Ziaul Aam, ACAUnit Head, Financal Reporina & Con[rollinfrastrucire Deveiopmen CompanyLimited (DCOL)

s oAmMdl P

Rural Electrification and Renewable Energy Development It (REREDP-ll) Project

BCCRF Co-financing Trust Fund

Grant Fund # TF 015077NOTES TO FINANCIAL STATEMENT

30th June, 2016

I GOVERNMENT OF BANGLADESH

There is no provision of GoB's share eligible for project expenditure

Inception to 30th For the year inceptIon to

June 2015 2015-2016 30th June 2016

Disbursement by GOB I.Less: Refund to GOBB -

Total

2 GRANT FROM DEVELOPMENT PARTNER

World Bank has provided funds to cover its share of eligible project expednditures.

These funds have been drawn by the project in accordance with the following

withdrawal procedures. (Figures in Taka)

Inception to 30th For the year Inception toJune 2015 2015-2016 3thJune2016

Project3Revenuen- 2016

Inital Deposit/Advance 50,000,000 - 000,000

RPA (SOE Procedure)/DCOL 11,602,779 112,992,068 124,594,847

Total 61,802,779 112,992,068 174,594,8471

3 OTHER RESOURCESOther resources consists of the following. (in taka)

Inception to 30th For the year Inception to

June 2015 2015-20'16 I30th June 2016

Project Revenue -

Bank Interest (R2,466,350 21,175,461 3,641,811

Total 2466,350 2 21,4,42 3641,811

The project has one STD account, (no, 0200002715167) maintained with Agrani Bank

LtdS VAA Corporate Br. as the Designated Account,

MInception to 30th For the year Inception to

In structurePDevelo0ment

June 2015 2015-2016 L30th June 2016

knrrprest Account

LOperating Account (RPA) 4

Operating Account (GOB)Total :D 48,451,525 21,496,482 21,496,482

.ur RuahManf),C

ae e, F,n an H&, al

ActitIn astucture Dev elopmentComIipaity Limeded (IDCO

m mdi. Zjaul Alam. ACAompwx 1 p onunit Hea,nncaReotg&Colo

REREDP-I-USAID Co-financing Trust Fun d Grant Fund # TF 015034

Project Financial Statement3Oth June, 2016

eumul-ative GumulativeResources Notes Current Period Current e

Governrnent of Bangladesh1

Grant from Development Partner 2 247,792,668 38,538,798 286,331,466

Other Resources 3 495,555 356,365 851,920

Cash Opening Balance 3,046,223 45,437,683

Total Resources 251,334,446 84,332,846 287,18,386

Expendkture and Cash Notes P Cultv Current Perid Crtn o

1. Sub-Granits to POs for instaffing SHS in887126 4,991 237417

the rural areas of Bangladesh5

2. Sub-Grants toy POs for installing RAPSS 134i68 1,8589 3,1,6

in the rural areas of Bangladesh

3. Goods Consultants' services, traning, 6 217,141 639,760 856,891etc,4. Bank charges, taxes & transfers 495,555 44,287 539,842

Total Expenditure . 202,850,540 63,162,777 266,013,317

Closing Balance Notes

ImprestAc - -

Operating Account (RPA) 4 45,437,683 21,170,069 21,170,069

Operating Account (GOB) -

Total Expenditure & Cash 248,288,223 84,332,846 287,183,386

)hek Mijanur Rahmanarager, Finance & Accounts

Infrastructure DevelopmentComnpany Uitkd (IDCOUý Md. Ziaul Alam, ACA

Uni Head, Finandal Reportng & ControIlfrasructire Deve opmerl CompyLimited (IDCOL)

rakul Islam)Accoanis Olic n

cAd Dicloai-nrx (<eh RoQr), 1 cida DcKa,

REREDP-Il-USAID Co-financing Trust Fund Grant Fund # TF 0150:34

NOTES TO FINANCIAL STATEMENT

I GOVERNMENT OF BANGLADESHThere is no provision of GoB's share eligible for project expenditure

inception to For the year inception to

30th June 2015 2015-2016 30th June 2016

Disbursement by GOB -

Less: Refund-to GOB t I -

Total

2 GRANT FROM Lender/Donor

Grant Receipt (in taka)

lnception to For the year Inception to

30th June 2015 2015-2016 30th June 2016

Initial Advance 50,000,000 - . 50,000,000

Direct Payment 40,574,533 40,574,533

SOE Procedure 157,218,135 38,538,798 195,756,933

Non SOE Procedure I

Total 247,7,92,6B8 38,379283146

3 OTHER RESOURCESOther resources consists of the following. (in taka)

Inception to For the year Inception to

30th June 2015 2015-2016 30thJune2016

Project Revenue - -

Bank Interest i=495,555 356,365 851,920

Total 495,555 356,365 851,920

4 CASH (Closing Balance)

In accordance with the terms of the agreement, IDCOL has openod and maintained an STD

account # 240000416 in the name of Infrastructure Development Company Limited - USAID

with Rupali Bank Limited, T.C.B Bhaban Branch, Dhaka to faciitate in carrying out the activities

of the project

nception to For the year Inception to

Imprest Account -

Operating Account (RPA) 4,76 21,170,069

Operating Account (GOB)

Total 45,437,683 21,170069069

/Sek±Mijanur RahmaniInfrastruturN DevelopmentCompany Limiteid (WDCOL) Md. Ziaul Alam, ACA

(oi Ea U islUnit0s Head, Financial RepIor1ing & Contrei

Fweren Auk S A eciu31 infraslructure Developrnenlt CompanyAudit comip4x "T' Fluc) Limited (IDCOL)

segun'bagicha, Dns

L- --2&s?..--..- . . . .*~. w- - - - - -

-A

AUDIT OPINION ON SOE

We have audited the Statement of Expenditure (SOE) of the "Rural Electrificationand Renewable Energy Development Project-II" financed by IDA under credit no- 5158-BDJ for the year ended 30' June, 2016 submitted to the International DevelopmentAssociation (IDA) for reimbursement of expenditure in accordance with the IDA credit no-5158-BD and 5514-BD

The audit was conducted following International standards on auditing. Accordingly,it included such tests of the accounting records and supporting documentation, review ofsystems of internal control.

Withdrawal/ SOE Particulars

The particulars of withdrawal on the basis of Statement of Expenditure (SOB) as

submitted to audit are attached herewith.

As per records it was seen that credit no. 5514-BD Tk, 1,06,34,315.00 was less

disburse by IDA from amount claimed.

OPINION

In our opinion, the SOE can be relied upon for credit disbursement by the IDA against

expenditure incurred for the purpose of the project as specified in the particular of withdrawal

applications.

Opinion Status: Unqualified.

(MohammadAmiml Ehlsan Kabir)Deputy Director

For Director GeneralForeign Aided Projects Audit Directorate

Phone: 9362478.

EB\Arman\Sector-4\Repari(S-)\2015-161 500-DA-Idcol RP&RED-I1 (51 58-BD)_(Erak Str)--.de 17

AUDIT OPINION ON SOE

We have audited the Statement of Expenditure (SOE) of the "Rural Electrification

and Renewable Energy Development Project-I" financed by IDA under credit no- 5158-

BD for the year ended 3 0 th June, 2016 submitted to the BCCRF Grant no. TF 015077 and

USAID Grant NO. TF 015034.

The audit was conducted following International standards on auditing. Accordingly,

it included such tests of the accounting records and supporting documentation, review of

systems of internal control.

Withdrawal/ SOF Particulars

The particulars of withdrawal on the basis of Statement of Expenditure (SOE) as

submitted to audit are attached herewith.

As per records it was seen that Grand no. TF 015034 Tk. 90,00,000.00 was less

disburse by USAID from amount claimed.

OPINION

In our opinion, the SOE can be relied upon for credit disbursement by the IDA against

expenditure incurred for the purpose of the project as specified in the particular of withdrawal

applications.

Opinion Status: Unqualified.

(Mohammad Aminul Ehsan Kabir)Deputy Director

For Director GeneralForeign Aided Projects Audit Directorate

Phone: 9362478.

E eo) 5-16t5004DA-!dcol RE&RED-11 (515B-BDL(Ernk Sir)--.doo 18

Summary Of Withdrawal Application (SOE)

Fiscal Year 2015-2016

Project Rural Electrification and Renewable Enerv Developrnent 11 (RERED ]V)

Lender/Donor World Bank-IDA

Loan/Grant No. IDA-51 58 (Househod Energy)

Application Amourit Calimed Amount Received Difference

No. Date category 3 US$ Taka us $ aka

IDCOL-HE-007 18-Nov-15 46,196,700 46,196,700 - 46,196,700

IDCOL-HE-008 I 17-Feb-16 38,988,9- 38,988,902 38,988,902 - 38,988,902--

DCOL-HE-009 4-May 6 41,075,384 41,075384 41,075,384

IDCOL-H1E-01 22-Jun-16 45,678,579 45,678,579 45,678,579 -

Tota 171,939,565 171,939,565 1 71,939,565 -

Sh Mijanur Rahrnanage r, Flnance & AccouRts

nfstructure Developrnent Md. Ziaul Alam, ACA

Company Umited IDCOL> Unit Head, Financiai Reporting & Control

Infrastmucture Developmeni CompanyLimited (lC01)

Sumrnary Of Withdrawa Application (SOE)

Fiscal Year 2015-2016

Project Rural Electrification and Renewable Energy Development Il (RERED Hl

Lender/Donor World Bank-IDA

Loan/Grant No. IDA-5158 (Access to Electricity)

Application

Amount Calimed Arnount Receive d Difference

No. [Date Category 1 Category 2 Category 3 US $ Taka US |$ Ta

IDCOL-RE-020 18-Nov-15 | 86,332,938 88,691,259 75,024,227 - 175>024,227

Total 86,332,938 88,691,289 - 175,024,227 - 175,024,227

Sh k Mjanur Rahrmlan

fIrastrctute DevelopmentuompanY Lirmited (0COL Md- Ziaul Alam, ACA

Unt Head, Finanil Reporting & CorntrolInlrastructure Development CompanyLirnited (DCOL)

Summary Of Withdrawal Applicat[on (Direct Payment)

Fiscal Year 2015-2016

Project Rural Electrification and Renewable Enerav Develonment Il (RERED Il)

Lender/Donor World Bank-IDA

Loan/Grant No. [DA-5158 (Access to Electricity)

Application Amount Calimed Arnount Received Difference

No. Date - Category I Category 2 Category 3 US $ Tak US $ Taka US $ Taka

Total

k Mijanur Rahman

anager, Firance & Accountsinfrastructure Development

Md. Zi m, ACA

Company Limitad (DCOL} Unil Head, Financial Reporting & Cordrolnfrastructue Devel!opnent Company

Limied (IDCOL)

Summary Of Withdrawal Application (Non-SOE)

Fiscal Year 2015-2016

Project Rural Eectrification and Renewable Enerqv Development 11 (RERED fl)

Lender/Donor World Bank-IDA

Loan/Grant No. IDA-5158 (Access to Electricity)

Application Amount Ca(Imed Amount Received Difference

Nopplicat o Date Category 1 Category 2 Category 3 US $ Taka US q Taka US $ Taka

N _ _ - -------N2 a. Date

.j$mak s Tk

Tota[

-

5 k iau,-

4nrRahmannnaer, Finar & Accous

Md. Ziaul Alam, ACA

frastructure DevåJopmeni Unit Head. Financial Reporting & Control

Company Limited (tDCOL, Infrastrucire Developmerit CompanyLImIted (IDCOL)

Summary Of Withdrawal Application (Direct Payment)

Fiscal Year 2015-2016

Project Rural Electrification and Renewable Energy Development II (RERED 11)

Lender/Donor World Bank-IDA

Loan/Grant No. [DA-5158 (HousehoJd Energy)

Application C Amount Calimed Amount Received Difference

No. fuate . Category 1 Category 2 Category 3 ~ aaU$ Tk S fk

No. Date US$ Taka US $ ITaka JUS $ Taka

-NilI JTotal-

Sh Mijanur Rahmannagar, Finance & Accounts

nfrastructure DevelopmentCompany Umited (IDCOL)

Md- Ziaul Alam, AGAUnit Head, Financi Reporting & Control

Infastructure Development Company

Uirnited (IDCOL)

~

i3

Summary Of Withdrawal Application (Non-SOE)

Fisca! Year 2015-2016

Project Rural Electrification and Renewable Enerqy Developrnent II (RERED 11)

Lender/Donor . Worid Bank-IDA

Loan/Grant No. IDA-5158 (Household Energy)

Application Arnount Calimed Amount Received Difference

No. Date Category 1 Category 2 Category 3 US$ Taka US $ Taka US $ Taka

Nill--Total - - - -

> ek Mijanur Rahman Md- Ziau Aam, ACA

Comaer, Finame &Ae countg Untt Head. Financial Reporting &Cont(01

InfrastrUtur Developmnt nfrasrUCue evelopilent Company

pany Umited (D OL) ULited (IDCOL)

... . ......

Summary Of Withdrawal ApplIcation (Special Account Replenishment)

Fiscal Year 2015-2016

Project Additional Financing for Rural Electrfication and Renewable EnerQ Develonent(RERED Il) Prolect II. IDA-514

Lender/Donor World Bank-IDA

Loan/Grant No. LDA-5514

Application

Am-ount Calim Amount Received Difference

No. Data Category 1 Category 2 Category 3 $ Caka U$ kUS k

No. Datkus $ST

Taka jus$ 3 Tk

IDCOL-AF-005 13-Jul-15 483,311,64 - - 48331,645 - 483 311645 -

1DCOL-AF-006 2-Sep-15 421,644,474 - 421,644,474 411,010,159 1 63 31

IDCOL-AF-007 6-Oct-15 359,042,524 7,509 730 - 366,552,254 3 6_6,552,254 -

AiDCOL-AF-008 1±Nov-15t 444,72,384_ - - 444726,384 4_44726,384 -

IDCOL-AF-009 4-Jan-26 311,372,766 5,715240 - 317,088,006 317088,006

DOL-A-_ _2r---16 45,856,9 13,388,8_72 -- 429,245,807 429,245,807- -

IDCOL-AF-012 22-JuLn- 16 O 47901ý, 78 18418,455 426,320,3 -1426,320,23

Total 2,843,866,509 45,032,297 -- 2,888,888,806 - 2,878,264,491 10,634,31

S k Mijanur Rahmananager, Finane4 &Acrounts

Infrasructure DevelopmentCompany lUiteud (OOL)

Md. ZQauI A'am, ACAUnit Head, Finannial Repoling & Con' r-InIrsIruc4ure Developmeti CompnLimi ler (IDCoL)

Summary Of Withdrawa-l Application (Direct Payment)

Fiscal Year 2015-2016

Project Additional Financin for Rural Electrification and Renewable Enerav Development (RERED l1 Proect 1. IDA-5514

Lender/Donor World Bank-iDA

Loan/Grant No. IDA-5514

Application I- Amount Calimed Amount Received Difference

No. jDate Category 1 Category Category 3 Tak Us $ |Taka US$ Taka

IDCOL-AF-010 12-Jan-16 377,908,228 377,908,228 - - 377,90B,228 7

Total 377,908,228 377,908,228 377,908,2287 ~

ek Mijanur Rahmananager, Finance & Accounts

infrastructure DevelopmentCompany Lmitad (IDCOL)

Md. Ziaul Alam. ACAUnit Head, Financial Repictirig & Controlnfrmstructure Development ConIanvLimed {DCOL)

-A

Surnrnary Of Withdrawa[ Applcation (SOE)

Fiscal Year 2015-2016

Project Additional Financlh for Rural Electrification and Renewabe Enerav Develoiment (RERED i) Project Il. LDA-5514

Lender/Dornor - World Bank-I DA

Loan/Grant No. IDA-5514

Appicaio Amount Callm ed Amount Received 7 Dfeeo

Category I Category 2 Categ ory 3 k U 3 Taa- US $ Taka 7us $ 3 T-aka

IDCOL-AF-005 13-Jul-15 483,3 11,645 - 483,311 645 -

IDCOL-AF-006 2-Se5 421,644,474 - - 421,644,474 - 411010_159 01634,315

IDCOL-AF-00'/ 6-Oct-15 359,042,524 7,509,730 - .. 366,552,254 366 5254

IDCOL-AF-008 10-Nov-15 444,726,384 444,726,384 444,726,384

I6DCOL-AF-009 4-Jan-1l6 3 1 1,372,766 5715,240 317,088,006 3 17088O006

rDCOL-AF-01 1 6 415,856,935 13,388,872 - 429,245,07 - 429,245,807 -

IDCOL-AF-O62 22-Jun-16 [ 407,901,78] 18,418,4SS 426,320,236 426,320236 -

Total 2,843,856,509 45,032,297 - 2,888,888,806 - 2,878,254,491 10,634,315

S hk Mijanur Rahmananage r, Finance & Accounts

InfrastructWre DevilopmontCompany Limited OWCOL)

MCI, Zaul Alam, ACAUnit Head, Financria Repoitirg & Coniro

Infrastructure Cevelopment Compan'

L.rn..d (IDCOL)

Summary Of Withdrawal Application (Non-SOE)

Fiscal Year 2015-2016

Project Additional Financing for Rural Electrification and Renewable EnergV Development (RERED lI) Project l IDA-5514

Lender/Donor World Bank-IDA

Loan/Grant No. IDA-5514

Applieation Arnount Calimed Amount Received Difference

No. Date Category ' Category 2 Category 3 Taka US $ Taka US$ Taka

Nill fi- - - - -

Total -

S ek Mijanur Rahrnananagar Finance & Accounta

nfMstrcture Developmentcompany Umied (IDCL)

Md. Ziaul Alam. ACAurk Head, Financial Repoliflg 8 Control

linfrsructur Development CompanyUrniedi (IDCOL)

Sumrnary of WIthdrawal Applications (SOE)

FISCAL YEAR: 2015-2016

Project: Rural FJectrificaton and Renewable Energy Development Projact (REREDP) BCCRF Co-financing Trust Fund

LENDERIDONOR: WB/BCCRF

TF 015077 -OD

Application Advance Category 2 Category 3 Amount Cairned Amount Recaived Difference

No. Date i USsI Taka US$ Taka US$ Taka

IDCOL-BCCRF-003 16-Nov-15 19619,299 3,293 1 23,200,592 - 23,200,592

LDCOL-BCCRF-004 26-Apr-16 35,710,847 11,964,674 - 47,675,521 147675,521

LDCC-DCCRF-005f 26-Jun-1 41574,427 441,528 - 42,115,955 - 42,116,955

Total - 97,004,73 15,987,495 112992,068

k Mijanur RahmanManager, Finance & AccountsInfrJtUrS DevelopmentCompany Limited (IDOOL)

Mcl Ziaul Aam, ACAUnit Head, Financiaf Reporting & ControlErirastructire Development CompanyLimited (IDCOL)

Summary Of WithlrawaL Application (Direct Payment)

Fiscal Year 2015-2016

Project Rural Electrification and Renewable Energy Developrnent Project'(TF-015077)

Lender/Donor World Bank/BCCRF

Loan/Grant No. TF 015077

ApplIcation Amount Calimed Amount Received Difference

No. Date Category I Category 2 Category 3 US $ Takaf US $ Taka US $ Taka

_ NII l - - -

--------

Total - - - --I

hek Mijanur RahmanManaget, Flnance &Accotnslfrastructure Deveopmen t

Company Limited (10C01)Md. ZLaul A arn, ACAUnit Hsad, Financial Repofing & Control

Infrastructure Development CorpaLmiled (DCOL)

Sumrnary Of Withdrawal Appilication (Non-SOE)

Fiscal Year 2015-2016

Projact Rural Electrification and Renewable Energy Development Project (TF-015077)

Lender/Donor World Bank/BCCRF

Loan/Grant No. TF 015077

Application Arnount Calimed | Amount Received Difference

No Date uS$ Taka US$ Taka US$ Taka

Nill - - --

Total -

Sh MjanurRahmanM agar, Finance &Accounts

frastructurø DevelopmentCompany Limited (IDCOL) Md. Ziaul Alam, ACA

Unit Head, Financial Reportiag & Control

infrastructure Development CompanyLirnited (IDGOL)

Summary Of W[thdrawal Application (SOE)

Fscaf Year 2015-20'16

Project Rural Electrification and Renewable Eneroy Developrnent EL (RERED L>

Lender/Donor World Bank-IDA

Loan/Grant No. TFO15034

Applcation

Arnount Callrned Amount Recelved Difference

No. Date Advance Category 1 Category 2 Category 3 US $ Taka US$ Taka US $ Taka

IDCOL-USAID-009 22-var- - 39,210,632 8,025,766 302,400 47,53 8,79B - 38,538798 900 000

Total 39,210,632 8,025,766 302,400 47,538,798 38,538,798 9,000 000

ak Mijanur Rahman G

anager, Flnance & AccountslnFrastructure DevelopmnCompaniy Umnited (ICcouLMd

Ziaul Alamn, ACAC Head. financiaf Repodtjng & Controlmasfruchure Deveopmeint Company

amÅerj UDCOL~

------------------------............................. ~

Summary Of Wthdrawal Application (Direct Payment)

Fiscal Year 2015-2016

Project Rural Etectrification and Renewable Energy Development L (RERED Il)

Lender/Donor World Bank-:DA

Loan/Grant No. TF015034

Applicati

Amount Calimed Amount Received Difference

No.Category 3 us $ ITaka US -$ Taka US$ Taka

Total

S k Mijanur Rahmananagar, Finance & Arcounts

Infrastructure DevelopmeniCompany Limited (IDCOLý

Md ZiaulAlam ACAUnit Head, Financal Repotng & Controifrastructure Developmen Co mnpa n

Lirited (DCOL)

Surnmary Of Withdrawal Application (Non-SOE)

Fiscal Year 2015-2016

Project Rural Electrifitation and Renewab!e Energy Development Il (RERED Il)

Lender/Donor World Bank-IDA

Loan/Grant No. TF015034

Applieation Amount Calimed Amount Received Difference

No. Date Category 1 Categor 2 Ctegry US $ Taka US $ Taka US $ Taka

Total__ _- _ - - - -

5 ek Mijanur Rahmananager, Financ" & Afccounts

infrastructure DevelopmentCorn:any Limited (LDCOL) Mld. Ziaul Aam, ACA

Unil Head, Financial Reportig & Control;nfrastrcrre Deveioprilent CompanyLimited (IDCOL)

Auditor's Report on Special Account (CONTASA)

I We have audited the CONTASA Statement of the "Rural Electrification and

Renewable Energy Development Project-IF' for the year ended 30 June 2016

under provision of IDA credit no-5158-BD and 5514-BD.

IL. Our audit was carried out following International Auditing Guidelines. Accordingly,

our audit included such review of system of Internal Control, test of the accounting

records & supporting documentation, verification of accounts balances and other

auditing procedures that we considered necessary under the circumstances.

IUI. The accompanying Special Account Statement was prepared on the basis of cash

deposits & withdrawals for purpose of complying with the above Credit Agreement.

IV. In our opinion the receipts are properly accounted for and withdrawals were made for

the purpose of the project in accordance with the credit agreement and the Special

Account Statement gives a true and fair view of the beginning & ending balances and

the account activity for the year ended 30th June, 2016 on the basis of cash deposits &

withdrawals.

(MohaimnadAnimil Ehsan Kabir)Deputy Director

For Director GeneralForeign Aided Projects Audit Directorate

Phone: 9362478.

E\AmaSector.4\Report(5-I\215- 16\lI500-IDA-Idco) RE&RE41 (51 58-RD) (Erw Sir)-.due 19

-- -~- --- ---- .--

Auditor's Report on Special Account (CONTASA)

We have audited the CONTASA Statement of the "Rural Electrification and

Renewable Energy Development Project-H" for the year ended 30 June 2016

under provision of BCCRF Grant no, TF 015077 and USAID GrantNO. TF 015034.

iL1 Our audit was carried out following International Auditing Guidelines. Accordingly,

our audit included such review of system of Internal Control, test of the accounting

records & supporting documentation, verification of accounts balances and other

auditing procedures that we considered necessary under the circumstances.

V. The accompanying Special Account Statement was prepared on the basis of cash

deposits & withdrawals for purpose of complying with the above Credit Agreement,

Vi. In our opinion the receipts are properly accounted for and withdrawals were made for

the purpose of the project in accordance with the credit agreement and the Special

Account Statement gives a true and fair view of the beginning & ending balances and

the account activity for the year ended 30th June, 2016 on the basis of cash deposits &

withdrawals.

(Mohammad Animu Ehsan Kabh)Deputy Director

For Director GeneralForeign Aided Projects Audit Directorate

Phone: 9362478.

E;1Annn\Secto-4\Repou(-4)201 5- \t500-JDA-14col RE&RED-11(5 58-BD)_(Eruk ic)-doc 20

Special Account Statement

For the year ended : 30 June 2016

Account No Contasa STD Account # 36002248

Depository Bank : Janata Bank Ltd.

Address : Local Office, Dhaka

Agreement No IDA-5158

Currency : BDT

Part-A: Account Activity

Begining Balance as on0 1 July 2015 : BDT 139,347,594

Add:i) Total Amount Deposited by the -WB : BDT 175,024,227

ii) Total interest earning if reported into account : BDT 3,812,601

iii) Total amount refunded to cover ineligible expenditui : Nil

Deduct:Total amount withdrav : BDT 304,936,312

Total Service charges if not included : BDT7,690,913<

above in amount withdrawn : Nil

Closing Balance as on 30 June 2016 : BDT 5,557,198 f

Part-B- Account Reconciliation1. Amount advanced by World Bank : BDT 700,000,000

2. Less: Total amount recovered by World Bank : (BDT 483,190,934)

3 Equals: Present outstanding amount advanced to the

imprest account at fiscal year ended 30 June 2016 : BOT 216,809,066

4. Ending Balance of CONTASA account at fiscal year

ended 30 June 2016 : BDT 5,557,198

5 Plus: Amount claimed but not yet credited : Nil

6. Plus; Amount credited but not yet claimed : BDT 211,693,903

7. Less: Interest earning (if included in imprest account) : (BDT 1,295,735)

8. Plus: Service charges : BDT 32 c

9. Equals: Total outstanding amount advanced to the

imprest account at fiscal year ended 30 June 2016 : BDT 216,809,066

Sh janur RahmanM agBr, Finance & AccountsI trastructure DevelopmentComp2ny LmIted (IoL)MCL Ziau AIam, ACA

Unit Head FinancialRepoiting & Contro

infrastructure5 Development ComoaWcompny Un? tt~ (ocoUTLnited (IDCOL)

Special Account Statement

For the year ended: 30 June 2016

Account No : Contasa STD Account # 000536000472

Depository Bank : Janata Bank Ltd,

Address Ranna Corporate Branch, Dhaka

Agreerent No IDA-5514

Currency : BDT

Part-A: Account Activity

Begining Balance as on 01 July 2015 BDT 445,361,216

Add:i) Total Amount Deposited by the -WB BDT 2,878,254,491

ii) Total interest eaming if reported inte account : BDT 4,390,327

iii) Total arount refimded to cover ineligible expendit Nil

Deduct-Total amount withdrawn : BDT 2,870,763,964

Total Service charges if not included BDT 908,729

above in amount withdi&awn :1Nil

Closing Balance as on 3O June 2016 BDT 456,333,341

Part-B: Account Reconciliation1. Amount advanced by World Bank : BDT 500,000,000

2. Less: Total amount recovered by World Bank Nil

3. Equals: Present outstanding amount advanced to the

imprest account at fiscal year ended 30 June 2016 BDT 500,000,000

4. Ending Balance of CONTASA account at fiscal year

ended 30 June 2016 BDT 456,333,341

5. Plus: Amount claimed but not yet credited : Nil

6. Plus: Amount credited but not yet claimed : BDT 48,056,410

7. Less: Interest carning (if included. in imprest account) (BOT 4,390,327)

8. Plus: Service charges : BDT 576

9. Equals: Total outstanding amount advanced to the

imrpiest account at fiscal year ended 30 June 2016 : BDT 500,000,000

Sha Mljanur Räahan,ma get riinac& 4 mounb'nfatrotu.6 DeVeIepn)onCompany LIMRE[td (IDC01)

Md. ZIau( Ajam, ACAUrit Head. Financial Reporting & Control

intiastructure Devopment CompanUited (ICOL)

Special Account Statement

For the year ended 30 June 2016

Account No : Contasa STD Account # 240000416

Depository Bank Rupali Bank Ltd.

Address : T.C.B Bhaban Branch, Dhaka

Agreement No : TF015034

Currency : BDT

Part-A: Account Activity

Begining Balance as on 01 July 2015 : Tk. 45,437,683,30

Add:i) Total Amount Deposited by the USAID-WB Tk. 38,538,798,00

ii) Total interest earning if reported into account Tk. 356,365.19

iii) Total amount refunded to cover ineligible expenditure : Nil

Deduct:Total amount withdrawn Tk., 63,118,490

Total Service charges if not included

above in amount withdrawn : Tk. 44,287

Closing Balance as on 30 June 2016 Tk. 21,170,069.49

Part-B: Account Reconciliation1. Amount advanced by World Bank BDT 50,000,000.00

2. Less: Total amount recovered by World Bank Nil

3. Equals: Present outstanding amount advanced to the

imprest account at fiscal year ended 30 June 2016 BDT 50,000,000.00

4. Ending Balance of imprest account at fiscal year

ended 30 June 2016 BDT 21,170,069.49

5. Plus: Amount claimed but not yet credited BDT 9,000,000.70

6. Plus: Amount credited but not yet claimed BDT 20,142,008.00

7. Less: Interest earning (if included in imprest account) (BDT 312,078.19)

8. Plus: Service charges BDT 0.00

9. Equals: Total outstanding amount advanced to the

imprest account at fiscal year ended 30 June 2016 BDT 50,000,000,00

S -k Manur Rahmananager, Finacce & Accounts

nfrastructure DevelopmentCompany Limited (IDCOL)

Md. Ziaul Alam, ACAUnit Head, Financial Reportng & Coriiro!Infrastructure Development CompanyL;mited (IDCOL)

Rural Electrification and Renewable Energy Development II (REREDP-M Project

BCCRF Co-financing Trust Fund

Grant Fund # TF 015077Special Account Statement

For the year ended: 30 June 2016

AccountNo : Infrastructure Development Company Limited (IDCOL)

Depositing Bank Janata Bank, Local Office, DBhaka

Loan No TF 015077

Currency BDT

Part-A: Account Activi

Opening Balance as on 07-01-2015 BDT 48,451,525

Add:i) Total Amount Deposited by the BCCRF : BDT 112,992,068

ii) Total interest earning if reported into account BDT 1,175,461

iii) Total amount refunded to cover ineligible expenditure Nil

Deduct:i) Total amount withdrawn BDT 141,107,572

ii) Total Bank Charges if reported into account BDT 15,000

Closing Balance as on 06-30-2015 : BDT 21,496,482

Part-B: Account Reconciliation

1. Amount advanced by World Bank : BDT 50,000,000

2. Less: Total amount recovered by World Bank : Nil

3. Equal: Present outstanding amount advanced to the special account at fiscal

year ended 06-30-2016 : BDT 50,000,000

4. Ending Balance of operating account atfiscal year ended 06-30-2016 BDT 21,496,482

5. Plus: Amount claimed and not yet credited at fiscal year end 06-30-2016 : Nil

6. Plus: Amount withdrawn and not yet claimed BDT 30,876,797

7. Less: Interest earning (If included in Special Account) : BDT (2,373,279)

8. Plus: Service charges (If not included in lines 5 and 6 above) : BDT -

9. Equal: Total advanced to Special Account accounted for at fiscal year

ended 06-30-2016 BDT 50,000,000

ek ilanurRahmanqnaqer, Finance & Acounts

lnlkastructufS DevJelopmenltCompany Limited (LDCOL)

Md- Ziaul Alam, ACA!ni Head, Financial Repofting & CoNio

infrastructute Development CompanyLimited (0CUOL)