The World Bank Report No: ISR3026 Implementation Status & Results Timor-Leste Public Disclosure Copy Gas Seep Harvesting project (P092055) Operation Name: Gas Seep Harvesting project (P092055) Project Stage: Implementation Seq.No: 4 Status: ARCHIVED Last Modified Date: 29-Mar-2011 Country: Timor-Leste Approval FY: 2007 Product Line: Special Financing Region: EAST ASIA AND PACIFIC Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 28-Mar-2007 Original Closing Date 31-Dec-2009 Planned Mid Term Review Date Last Archived ISR Date 05-Jan-2010 Effectiveness Date 30-May-2007 Revised Closing Date 31-Dec-2011 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Investment component - Power Plant construction 0.49 Investment component - Distribution system extension 1.10 Technical Assistance 0.11 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Highly Unsatisfactory Overall Implementation Progress (IP) Moderately Satisfactory Unsatisfactory Overall Risk Rating NA Implementation Status Overview Although the power distribution system has been completed, tests required under the construction contract, of the quantity and quality of available gas for the pilot power generation plant have determined that the gas resources are insufficient to meet the design criteria for the plant. With this development, the Timorese power utility, the Electricite de Timor Leste has decided not to proceed with the generation part of the project and will now explore other options for use of the distribution lines already completed. Page 1 of 3 The World Bank Report No: ISR3026 Results Public Disclosure Copy Indicator Baseline Current End Target Indicator Baseline Current End Target Data on Financial Performance (as of 16-Mar-2011) Financial Agreement(s) Key Dates Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P092055 TF-58262 Effective 30-May-2007 30-May-2007 30-May-2007 31-Dec-2011 Disbursements (in Millions) Public Disclosure Copy Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P092055 TF-58262 Effective USD 0.85 0.85 0.00 0.07 0.78 8.00 Disbursement Graph Page 2 of 3 The World Bank Report No: ISR3026 Public Disclosure Copy Key Decisions Regarding Implementation In view of the decision not to proceed with the entire project as originally envisaged, the additional financing that the Bank was preparing to cover cost overruns has now been dropped and Timor-Leste plans to request cancellation of the unused portion of the grant proceeds. Restructuring History Related Projects Public Disclosure Copy Page 3 of 3