The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) South Africa - Eskom Renewables Support Project (P122329) AFRICA | South Africa | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2012 | Seq No: 11 | ARCHIVED on 25-Feb-2019 | ISR35187 | Implementing Agencies: ESKOM Holdings SOC Limited, Department of Public Enterprises, Eskom Holdings SOC Limited Key Dates Key Project Dates Bank Approval Date: 27-Oct-2011 Effectiveness Date: 25-Jul-2012 Planned Mid Term Review Date: 27-Feb-2015 Actual Mid-Term Review Date: 12-Sep-2014 Original Closing Date: 31-Dec-2016 Revised Closing Date: 31-Dec-2021 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To facilitate accelerated development of large scale renewable energy capacity in support of the long-term carbon mitigation strategy of South Africa. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name 1. Sere Wind Power Plant (100 MW) Battery Storage Program:(Cost $655.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Since its commissioning in April 2016, the 100 MW Sere Wind plant financed under the project continues to perform 20 percent above expected load factor, exceeding energy outputs and carbon emissions offset envisaged at project appraisal. In November 2018, the World Bank approved a project restructuring consisting in (i) the replacement of the canceled Kiwano CSP pilot activity with the battery storage program proposed by Eskom, and (ii) the extension of the project closing date until December 31, 2021, to allow implementation of the new activity. 2/25/2019 Page 1 of 5 The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Substantial Substantial Sector Strategies and Policies -- Substantial Substantial Technical Design of Project or Program -- High High Institutional Capacity for Implementation and Sustainability -- High High Fiduciary -- Moderate Moderate Environment and Social -- Substantial Substantial Stakeholders -- Moderate Moderate Other -- Moderate Moderate Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes Mitigating Carbon Footprint IN00672006 ►GHG emissions avoided (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 271,000.00 271,000.00 199,000.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Dec-2021 Enhancing Renewable Energy Capacity IN00672009 ►Generation Capacity of Renewable Energy (other than hydropower) constructed (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 460.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Dec-2021 IN00672016 Generation Capacity of Renewable Energy constructed – Wind (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target 2/25/2019 Page 2 of 5 The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) Value 0.00 100.00 100.00 100.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Jul-2018 IN00672017 Battery Storage Capacity Constructed (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 360.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Dec-2021 Financing Leveraged IN00672010 ►CTF leverage (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,173,000,000.00 1,173,000,000.00 1,200,000,000.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Jul-2018 Intermediate Results Indicators by Components Sere Wind Power Plant (100 MW) IN00672007 ►Component 1: Sere Wind Farm construction progress (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Jul-2018 Battery Storage Program IN00672008 ►Battery storage capacity (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 -- 1.00 360.00 Date 08-Nov-2018 -- 15-Feb-2019 31-Dec-2021 Upington Solar IN00672012 ►Component 2: Upington Solar construction progress (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 2/25/2019 Page 3 of 5 The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) Value 0.00 0.00 0.00 100.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Jul-2018 Leveraging and Jobs IN00672011 ►Investments in clean generation as % of investments in electricity generation (CTF Catalytic Replication Outcome) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10.00 10.00 17.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Jul-2018 IN00672013 ►% of clean energy supply in the overall electricity consumption (CTF Catalytic Replication Outcome) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.50 2.50 3.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Jul-2018 IN00672014 ►Investments in clean energy generation (CTF Catalytic Replication Outcome) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 14,882,000,000.00 14,882,000,000.00 1,900,000,000.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Dec-2021 IN00672015 ►Number of jobs created (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 540.00 540.00 800.00 Date 30-Jun-2011 13-Jun-2018 15-Feb-2019 31-Jul-2018 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P122329 TF-10690 Effective USD 250.00 250.00 0.00 34.93 215.07 14% Key Dates (by loan) 2/25/2019 Page 4 of 5 The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P122329 TF-10690 Effective 27-Oct-2011 14-Nov-2011 25-Jul-2012 31-Dec-2016 31-Dec-2021 Cumulative Disbursements Restructuring History Level 2 Approved on 11-Dec-2014 ,Level Approved on 14-Dec-2016 ,Level 2 Approved on 21-Dec-2016 ,Level 2 Approved on 30-Jun-2017 ,Level 2 Approved on 29-Mar-2018 ,Level 2 Approved on 31-Jul-2018 ,Level 2 Approved on 30-Nov-2018 Related Project(s) There are no related projects. 2/25/2019 Page 5 of 5