The World Bank                                                                                                                                                    Report No: ISR11005


                                                                                                    Implementation Status & Results
                                                                                                          Czech Republic
                                                                                             CZ - GREEN INVESTMENT SCHEME (P114304)
Public Disclosure Copy




                         Operation Name: CZ - GREEN INVESTMENT SCHEME (P114304)                                   Project Stage:   Implementation         Seq.No: 5     Status: ARCHIVED   Archive Date:        13-Jul-2013
                                                                            Country: Czech Republic                                        Approval FY:          2010
                         Product Line: Carbon Offset                        Region: EUROPE AND CENTRAL ASIA                                Lending Instrument:
                         Implementing Agency(ies): State Environment Fund
                         Key Dates
                         Board Approval Date    28-May-2010         Original Closing Date 30-Apr-2015                    Last Archived ISR Date 26-Jun-2012
                         Effectiveness Date     28-May-2010         Revised Closing Date 30-Apr-2015


                         Overall Ratings
                                                                Previous Rating                           Current Rating
                         Progress towards achievement of PDO    Satisfactory                              Satisfactory
                         Overall Implementation Progress (IP)   Satisfactory                              Satisfactory
                         Overall Risk Rating


                         Implementation Status Overview
                         Implementation of the Green Investment Scheme (GIS) Project is progressing well and no major issues were revealed during the recent on-site supervision conducted by the State
                         Environmental Fund (‘GIS Operator’). The total number of accepted applications for the Czech Republic GIS Programme has reached 74,067 as of April 30, 2013 and since 2010, the
                         GIS Program is no longer accepting additional applications. Disbursement of the World Bank funds (under all four agreements signed with the Spanish Carbon Fund, the Carbon
                         Fund for Europe, and the Italian Carbon Fund) is on track in accordance with the Assigned Amount Purchasing Agreements (AAUPAs). One hundred percent of the World Bank funds
                         have been allocated to accepted applications and there continues to be a high level of satisfaction expressed by the applicants, as evidenced through site visits. Energy consumption
                         has decreased sometimes by 50 percent, which leads to greenhouse gas emission reductions, and the agreed greening ratios being met or exceeded.


                         Locations
                         Country                                                  First Administrative Division                         Location                                     Planned               Actual
                         Czech Republic                                           Praha                                                 Prague
Public Disclosure Copy




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                         Key Decisions Regarding Implementation
                         None.

                         Related Projects
                         P117334-AF-CZ GIS/AAU TRADE




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