Public Disclosure Copy The World Bank Implementation Status & Results Report Shandong Energy Efficiency Project (P114069) Shandong Energy Efficiency Project (P114069) EAST ASIA AND PACIFIC | China | Energy and Mining Global Practice | IBRD/IDA | Specific Investment Loan | FY 2011 | Seq No: 6 | ARCHIVED on 09-Dec-2014 | ISR17121 | Implementing Agencies: Key Dates Key Project Dates Board Approval date:09-Jun-2011 Effectiveness Date:25-Nov-2011 Planned Mid Term Review Date:15-Sep-2014 Actual Mid-Term Review Date:03-Nov-2014 Original Closing Date:30-Sep-2016 Revised Closing Date:30-Sep-2016 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to improve energy efficiency in selected enterprises in the Borrower's Shandong Province, particularly through financial leasing arrangements, and increase use of biomass for power and heat generation. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Energy Efficiency Service Industry:(Cost $267.00 M) Anqiu Biomass Combined Heat and Power Plant:(Cost $36.00 M) Project Management, Monitoring and Evaluation:(Cost $0.40 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  --  Moderate 12/9/2014 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shandong Energy Efficiency Project (P114069) Implementation Status and Key Decisions Project implementation progress has improved since restructuring in August 2013 but further efforts are still urgently needed to accelerate implementation and disbursement rate. Fourteen subprojects are now under implementation under the Energy Efficiency Services Industry Component, almost a three-fold growth compared to only five a year ago. After significant delays, Anqui Biomass CHP plant is now under intensive construction and is scheduled to be operational by October 2015. The overall project commitment and disbursement remain low. The three implementing companies under the Energy Efficiency Service Industry Component are facing tough market conditions due to a slow-down in economic growth and industrial demand. The companies are encouraged to identify their comparative advantages and adjust the business strategies to the changing market situation. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  Low Macroeconomic  --  --  Moderate Sector Strategies and Policies  --  --  Low Technical Design of Project or Program  --  --  Moderate Institutional Capacity for Implementation and Sustainability  --  --  Substantial Fiduciary  --  --  Moderate Environment and Social  --  --  Moderate Stakeholders  --  --  Low Other  --  --  -- Overall  --  --  Moderate Results 12/9/2014 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shandong Energy Efficiency Project (P114069) Project Development Objective Indicators PHINDPDOTBL  Associated annual energy savings capacity ('000 tce) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 36.36 89.74 397.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments PHINDPDOTBL  Associated cumulative amount of funds leveraged by WB loan for energy efficiency projects (US$M) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 7.51 17.20 134.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments PHINDPDOTBL  Associated cumulative incremental amount of electricity (GWh) from biomass based heat andpower generation (Gigawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 165.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments The Anqiu CHP plant is still under construction and not operational yet. PHINDPDOTBL  Associated cumulative incremental amount of electricity & heat (coverage m2) from biomass based heat & power gener (Meter(m), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 700.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 12/9/2014 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shandong Energy Efficiency Project (P114069) Comments The Anqiu CHP plant is still under construction and not operational yet. PHINDPDOTBL  Generation Capacity of Renewable Energy (other than hydropower) constructed (Megawatt, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments The Anqiu CHP plant is still under construction and not operational yet. PHINDPDOTBL  Generation Capacity of Renewable Energy constructed - Other (Megawatt, Core Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments Overall Comments The Anqiu CHP plant is still under construction and not operational yet, therefore, the related indicators have not been achieved. The CHP is expected to be operational in October 2015. Intermediate Results Indicators 12/9/2014 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shandong Energy Efficiency Project (P114069) PHINDIRITBL  Cumulative amount of avoided coal consumption (tce) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 15840.52 0.00 95480.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments The previous acutal indicator was entered incorrectly. The Anqiu CHP plant is still under construction and not operational yet. PHINDIRITBL  Number of satisfactory progress reports (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 2.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments Project progress report submitted twice a year. PHINDIRITBL  Cumulative energy conservation project investment flows (US$M) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 17.50 34.30 268.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments PHINDIRITBL  Cumulative energy conservation project investment flows: Rongshihua (Amount(USD), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9.98 14.80 128.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments 12/9/2014 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shandong Energy Efficiency Project (P114069) PHINDIRITBL  Cumulative energy conservation project investment flows: Guotai (Amount(USD), Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6.64 16.80 100.00 Date 31-May-2011 15-Mar-2014 31-Oct-2014 30-Sep-2016 Comments PHINDIRITBL  Cumulative energy savings capacity achieved directly through project investments: Rongshihua (000 tce) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 41.54 188.00 Date 30-Jun-2011 -- 31-Oct-2014 30-Sep-2016 Comments PHINDIRITBL  Cumulative energy savings capacity achieved directly through project investments: Guotai (000 tce) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 39.58 147.00 Date -- -- 31-Oct-2014 30-Sep-2016 Comments PHINDIRITBL  Cumulative energy savings capacity achieved directly through project investments: Luxin Energy (000 tce) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 8.62 62.00 Date -- -- 31-Oct-2014 30-Sep-2016 Comments 12/9/2014 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Shandong Energy Efficiency Project (P114069) Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P114069 IBRD-80590 Effective USD 150.00 150.00 0.00 15.38 134.63 10% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P114069 IBRD-80590 Effective 09-Jun-2011 02-Sep-2011 25-Nov-2011 30-Sep-2016 30-Sep-2016 Cumulative Disbursements Restructuring History Level Approved on 07-Aug-2013 Related Project(s) There are no related projects. 12/9/2014 Page 7 of 7 Public Disclosure Copy