The World Bank Implementation Status & Results Report MA- Noor Ouarzazate Concentrated Solar Power Project (P131256) MA- Noor Ouarzazate Concentrated Solar Power Project (P131256) MIDDLE EAST AND NORTH AFRICA | Morocco | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2015 | Seq No: 9 | ARCHIVED on 21-Sep-2019 | ISR38468 | Implementing Agencies: MASEN, MASEN Key Dates Key Project Dates Bank Approval Date: 30-Sep-2014 Effectiveness Date: 05-May-2015 Planned Mid Term Review Date: 30-Jun-2020 Actual Mid-Term Review Date: Original Closing Date: 30-Jun-2020 Revised Closing Date: 31-Dec-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The PDO is to increase (a) installed capacity (megawatt) and (b) electricity output (megawatt-hour), especially during peak hours, of the Noor- Ouarzazate Solar Complex. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) The PDO is to increase innovative solar power generation in Morocco. Components Table Name Component 1 - Noor-Ouarzazate Project Investment:(Cost $2377.00 M) Component 2- Noor-Ouarzazate Cost Mitigation Mechanism:(Cost $199.00 M) Component 3- Noor-Midelt Project Investment:(Cost $2200.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The project is progressing satisfactorily towards project development objectives and implementation progress. NOORo I and II: Project implementation progress at the end of December 2018 indicates that both plants have reached commercial operation stage (final commercial operation for NOOR I and initial commercial operation for NOOR II). NOORo III: At the end of December 2018, NOOR III construction was 100 percent complete (vs 99.5 percent six months earlier). Manpower on site was reduced given end of construction phase but remains significant to ensure ideal Engineering, Procurement and Construction (EPC) mobilization 9/21/2019 Page 1 of 7 The World Bank Implementation Status & Results Report MA- Noor Ouarzazate Concentrated Solar Power Project (P131256) during start of operation phase (535 people vs. 650 six months earlier, 77 percent of which are Moroccan and 7 percent women). Final industrial integration rate is 42 percent, higher than the 35 percent project target. MASEN and the Project Company have reached an agreement on the official initial commissioning date, set to October 20th, 2018. The Plant has been satisfactorily generating electricity since. Additional Financing An additional financing has been approved by the Board, which broadens the project to NOOR-Midelt. As part of the additional financing, the closing date was extended from June 2020 to December 2022. A Mid-term Review is expected to be implemented by end of this fiscal year. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Moderate Moderate Sector Strategies and Policies -- Substantial Substantial Technical Design of Project or Program -- Substantial Substantial Institutional Capacity for Implementation and Sustainability -- Moderate Moderate Fiduciary -- Substantial Substantial Environment and Social -- Moderate Substantial Stakeholders -- Moderate Moderate Other -- Substantial Substantial Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes Increase innovative solar power generation in Morocco IN00741243 ►Noor Solar Projects Electricity Sales (GWh) (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 414.00 657.00 2,624.00 Date 30-Jun-2014 29-Dec-2017 31-Dec-2018 30-Dec-2022 IN00741244 Noor Solar Projects Electricity Sales – Ouarzazate Complex (GWh) (Gigawatt-hour (GWh), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 414.00 657.00 1,300.00 9/21/2019 Page 2 of 7 The World Bank Implementation Status & Results Report MA- Noor Ouarzazate Concentrated Solar Power Project (P131256) Date 31-Dec-2014 29-Dec-2017 31-Dec-2018 30-Dec-2022 IN00741245 Noor Solar Projects Electricity Sales – Midelt Complex (GWh) (Gigawatt-hour (GWh), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,324.00 Date 30-Nov-2017 29-Dec-2017 31-Dec-2018 30-Dec-2022 IN00741276 ►Noor Solar Projects Electricity Sales during peak hours (GWh) (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 79.00 127.20 870.00 Date 30-Jun-2014 29-Dec-2017 31-Dec-2018 30-Dec-2022 IN00741277 Noor Solar Projects Electricity Sales during peak hours – Ouarzazate Complex (GWh) (Gigawatt-hour (GWh), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 79.00 127.20 540.00 Date 30-Jun-2014 29-Dec-2017 31-Dec-2018 30-Dec-2022 IN00741278 Noor Solar Projects Electricity Sales during peak hours – Midelt Complex (GWh) (Gigawatt-hour (GWh), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 330.00 Date 13-Nov-2017 29-Dec-2017 31-Dec-2018 30-Dec-2022 IN00741279 ►People provided with new or improved electricity service (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 359,954.00 571,231.00 2,200,000.00 Date 30-Jun-2014 29-Dec-2017 31-Dec-2018 30-Dec-2022 IN00741280 Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 50.30 50.30 50.30 IN00741281 ►Avoided global GHG pollution (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 217,191.00 370,263.00 1,270,000.00 Date 30-Jun-2014 29-Dec-2017 31-Dec-2018 30-Dec-2022 9/21/2019 Page 3 of 7 The World Bank Implementation Status & Results Report MA- Noor Ouarzazate Concentrated Solar Power Project (P131256) Intermediate Results Indicators by Components Component 1- Financing for the Initial Investment IN00741282 ►Private Capital Mobilized (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 413,000,000.00 413,000,000.00 597,000,000.00 Date 30-Jun-2014 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741284 ►Generation capacity of energy constructed or rehabilitated (Megawatt, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 160.00 360.00 1,310.00 Date 30-Jun-2014 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741287 Renewable energy generation capacity (other than hydropower) constructed under the project (Megawatt, Corporate Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 160.00 360.00 1,310.00 Date 30-Jun-2014 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741288 Noor Ouarzazate I Capacity constructed (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 160.00 160.00 160.00 Date 30-Jun-2014 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741289 Noor Ouarzazate II and III Capacity constructed (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 200.00 350.00 Date 30-Jun-2014 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741290 Noor Midelt Phase I Capacity constructed (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 800.00 Date 13-Nov-2017 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741291 ►Grievances registered related to delivery of project benefits addressed (Percentage, Custom) 9/21/2019 Page 4 of 7 The World Bank Implementation Status & Results Report MA- Noor Ouarzazate Concentrated Solar Power Project (P131256) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 23-Nov-2017 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741292 ►Share of female job-recruits receiving information on training and skilled work in the Noor Midelt Phase I project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 18-Apr-2018 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741293 ►Number of hired workers on the Noor Midelt site (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,200.00 Date 18-Apr-2018 18-Apr-2018 31-Dec-2018 30-Dec-2022 IN00741294 of which female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 120.00 Component 2- Cost Mitigation Mechanism IN00741283 ►Progress of Overall Construction - Noor Ouarzazate II (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 99.90 100.00 100.00 Date 13-Nov-2017 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741285 ►Progress of Overall Construction - Noor Ouarzazate III (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 99.50 100.00 100.00 Date 30-Jun-2014 29-Jun-2018 31-Dec-2018 30-Dec-2022 IN00741286 ►Progress of Overall Construction - Noor Midelt Phase I (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 13-Nov-2017 29-Jun-2018 31-Dec-2018 30-Dec-2022 9/21/2019 Page 5 of 7 The World Bank Implementation Status & Results Report MA- Noor Ouarzazate Concentrated Solar Power Project (P131256) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P131256 IBRD-84400 Effective USD 400.00 400.00 0.00 166.39 207.89 44% Not P131256 IBRD-88470 USD 100.00 100.00 0.00 0.00 100.00 0% Effective P131256 TF-17509 Effective USD 119.00 119.00 0.00 119.00 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P131256 IBRD-84400 Effective 30-Sep-2014 19-Dec-2014 05-May-2015 30-Jun-2020 30-Jun-2020 Not P131256 IBRD-88470 08-Jun-2018 -- -- 31-Dec-2022 31-Dec-2022 Effective P131256 TF-17509 Effective 30-Sep-2014 19-Dec-2014 05-May-2015 30-Jun-2020 30-Jun-2020 Cumulative Disbursements 9/21/2019 Page 6 of 7 The World Bank Implementation Status & Results Report MA- Noor Ouarzazate Concentrated Solar Power Project (P131256) Restructuring History Level 2 Approved on 11-Aug-2015 ,Level 2 Approved on 24-Jun-2016 Related Project(s) P164288-Morocco - Noor Solar Power Project Additional Financing 9/21/2019 Page 7 of 7