The World Bank Report No: ISR14479 Implementation Status & Results Indonesia Geothermal Clean Energy Investment Project (P113078) Public Disclosure Copy Operation Name: Geothermal Clean Energy Investment Project (P113078) Project Stage: Implementation Seq.No: 4 Status: ARCHIVED Archive Date: 27-Jun-2014 Country: Indonesia Approval FY: 2012 Product Line: IBRD/IDA Region: EAST ASIA AND PACIFIC Lending Instrument: Specific Investment Loan Implementing Agency(ies): Pertamina Geothermal Energy Key Dates Board Approval Date 26-Jul-2011 Original Closing Date 31-Mar-2015 Planned Mid Term Review Date 16-Mar-2015 Last Archived ISR Date 17-Nov-2013 Effectiveness Date 29-Jun-2012 Revised Closing Date 31-Mar-2015 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective of the proposed project is to increase power generation from renewable geothermal resources, and reduce local and global environmental impacts. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost 1 - Investment in Geothermal Power Generation Capacity (US$574.7 million) 574.70 2 - Technical Assistance for Capacity Building (US$6.95 million) 6.95 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Public Disclosure Copy Overall Implementation Progress (IP) Moderately Satisfactory Moderately Unsatisfactory Overall Risk Rating Moderate Moderate Implementation Status Overview The Project has made good progress during the period although it has not yet made quantifiable progress toward its outcome indicator targets due to slow start up in the first two years of implementation. The second resource drilling program and procurement of power plants and steam gathering systems are now underway in both fields. The project's objectives are still likely to be achieved during the implementation only if the implementation period is extended. Locations Page 1 of 5 The World Bank Report No: ISR14479 Country First Administrative Division Location Planned Actual Indonesia Lampung Ulubelu ✔ ✔ Public Disclosure Copy Indonesia North Sulawesi Lahendong ✔ ✔ Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target New geothermal power generation capacity Megawatt Value 0.00 0.00 150.00 installed directly financed by the World Bank Date 26-Jul-2011 28-Feb-2014 31-Mar-2015 loan Comments Steamfield development The installed capacity of the underway. The bid evaluation Ulubelu Units 3&4 and of Ulubelu 3&4 package is Lahendong Units 5&6 power finalized. plants. Avoided local air pollution (NOX, SO2, TSP) Text Value 0 tonnes of NOX 0 tonnes of NOX 3,000 tonnes of NOX 0 tonnes of SO2 0 tonnes of SO2 5,400 tonnes of SO2 0 tonnes of TSP 0 tonnes of TSP 2,500 tonnes of TSP Date 26-Jul-2011 28-Feb-2014 31-Mar-2015 Comments Avoided emissions can only Estimate of three common be calculated after the power local pollutants that would plant is commissioned have resulted if power was generated from coal-fired plants Avoided global GHG pollution (CO2) Metric ton Value 0.00 0.00 1100000.00 Date 26-Jul-2011 28-Feb-2014 31-Mar-2015 Comments Avoided emissions can only Estimate of avoided CO2 be calculated after the power compared with equivalent plant is commissioned coal-fired power capacity Contribute towards PGE becoming a leading Megawatt Value 232.00 402.00 700.00 Public Disclosure Copy geothermal developer Date 26-Jul-2011 28-Feb-2014 31-Mar-2015 Comments PGE is the second largest in There was no additional It is aimed that by 2015, PGE Indonesia (232 MW) installed capacity from the will be the largest geothermal previous supervision. developer in Indonesia, with over 700 MW of geothermal capacity projects, including the Ulubelu and Lahendong developments financed by the World Bank (reaching financial closure) Page 2 of 5 The World Bank Report No: ISR14479 Ensure technical, environmental and social Text Value Feasibility studies are under Feasibility studies have been It is aimed that by 2015 practices in line with industry standards during par of industry standards. completed feasibility studies should meet project preparation. good industry practice. Public Disclosure Copy Date 26-Jul-2011 28-Feb-2014 31-Mar-2015 Comments FS reports were prepared by an international consultant to meet the industry and international standard. Maintain operation availability of geothermal Number Value 0.85 0.85 0.85 power plants Date 28-Feb-2014 31-Mar-2015 Comments Baseline plant availability Current average plant Plant availability factor in factor is at 85-90% availability factor is at 85-90% 2015 is at 85-90% Generation Capacity of Renewable Energy Megawatt Value 0.00 0.00 150.00 (other than hydropower) constructed Date 10-Jun-2014 31-Mar-2015 Comments Baseline for Ulubelu 3&4 and Project is on-going It will be achieved after the Lahendong 5&6 is 0 MW completion of Ulubelu 3&4 110 MW and Lahendong 5&6 40 MW. Generation Capacity of Renewable Energy Megawatt Value 0.00 0.00 150.00 constructed-Geo-thermal Sub Type Date 10-Jun-2014 31-Mar-2015 Breakdown Comments Baseline for Ulubelu 3&4 and Project is on-going It will be achieved after the Lahendong 5&6 is 0 MW completion of Ulubelu 3&4 110 MW and Lahendong 5&6 40 MW. Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Minimum of 2 EPC contracts signed Text Value 0 0 2 Date 26-Dec-2011 28-Feb-2014 30-Sep-2014 Public Disclosure Copy Comments EPC Contractors not procured The bid for Ulubelu 3&4 is EPC contract for Lahendong finalized. The bidding process Units 5&6 is expected to be for Lahendong 5&6 will start signed Sept 2014, delayed at May 2014. due to reinjection drilling confirmation. Yearly agreement reached between PGE and Text Value Partner not procured Agreement reached Agreement reached Partner on support program Date 01-Jan-2012 28-Feb-2014 31-Mar-2015 Comments The contract for TCP has been signed at September 2013. Page 3 of 5 The World Bank Report No: ISR14479 World Bank approval of yearly training program Text Value Training Program yet to be Training Program has not Training Program approved approved been submitted Date 01-Jan-2012 28-Feb-2014 31-Dec-2015 Public Disclosure Copy Comments Training Program for 2013 - 2014 and 2014-2015 have not been submitted for review. Minimum of 40 staff trained in key workshops Number Value 0.00 37.00 120.00 each year Date 01-Apr-2012 28-Feb-2014 31-Mar-2015 Comments There was no program training submitted to the Bank for approval. IT software purchased, installed, and being Text Value Software not installed Software installed & utilized Software installed, utilized by utilized by PGE staff by PGE staff PGE staff Date 01-Jan-2012 28-Feb-2014 31-Mar-2013 Comments PGE purchased software using its own funds. Procurement plan to buy new software and Laboratory Upgrade will be submitted for Bank's review. Bid documents including FEED issued for one Text Value Bid documents/studies not Bid document issued. Bid documents/studies issued geothermal plant; Studies issued for new issued developments/investments Date 01-Jan-2012 28-Feb-2014 31-Dec-2015 Comments Bid documents for Ulubelu 3&4 was issued July 2013 and for Lahendong 5&6 will be issued May 2014. Data on Financial Performance (as of 06-May-2014) Financial Agreement(s) Key Dates Public Disclosure Copy Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P113078 IBRD-80820 Effective 26-Jul-2011 05-Dec-2011 29-Jun-2012 31-Mar-2015 31-Mar-2015 P113078 TF-10407 Effective 26-Jul-2011 05-Dec-2011 29-Jun-2012 31-Mar-2015 31-Mar-2015 P113078 TF-11854 Effective 24-May-2012 24-May-2012 24-May-2012 31-Mar-2015 31-Mar-2015 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P113078 IBRD-80820 Effective USD 175.00 175.00 0.00 0.00 175.00 0.00 Page 4 of 5 The World Bank Report No: ISR14479 P113078 TF-10407 Effective USD 125.00 125.00 0.00 0.00 125.00 0.00 P113078 TF-11854 Effective USD 6.95 6.95 0.00 2.66 4.29 38.00 Public Disclosure Copy Disbursement Graph Key Decisions Regarding Implementation The Bank and Borrower have agreed to consider a closing date extension of at least two years, pending a formal request from the government. The next supervision is planned for October 2014. Restructuring History There has been no restructuring to date. Public Disclosure Copy Related Projects There are no related projects. Page 5 of 5