The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Bangladesh Ghorashal Unit 4 Repowering Project (P128012) SOUTH ASIA | Bangladesh | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2016 | Seq No: 8 | ARCHIVED on 26-Nov-2019 | ISR39461 | Implementing Agencies: Government of Bangladesh, Bangladesh Power Development Board Key Dates Key Project Dates Bank Approval Date: 21-Dec-2015 Effectiveness Date: 15-May-2016 Planned Mid Term Review Date: 15-Apr-2019 Actual Mid-Term Review Date: 07-Apr-2019 Original Closing Date: 31-Mar-2022 Revised Closing Date: 31-Mar-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The proposed development objective of the Project is to increase generation capacity and efficiency of the targeted power plant; Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Re-powering of the Target Unit:(Cost $255.00 M) Component 2: Technical Assistance for Institutional Strengthening Support:(Cost $8.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO ►Satisfactory ►Satisfactory Overall Implementation Progress (IP) ►Satisfactory ►Satisfactory Overall Risk Rating ►Moderate ►Moderate Implementation Status and Key Decisions 1. The implementation of the key component (Com 1: Repowering) of the project has continued to progress well. Gas Turbine (GT) of the project has been supplying about 240 MW of power to the grid since Oct 2018. The works related to the combined cycle operation is expected to be completed by end December 2019. Evacuation arrangement for combined cycle commissioning is in place. 11/26/2019 Page 1 of 5 The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) 2. There were no bids received in the first round bidding for the ‘Automation of Financial Reporting of BPDB'. BPDB organised a session with the bidders who purchased the documents in the first round and other potential bidders to understand whether the documents used had any lack of clarity or stringent requirements. Based on some good feedback in the discussion, BPDB has revised the document which will be issued soon. 3. The cumulative disbursement of the project so far is US$141.2 million (66%) in three and half years of implementation. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance ►High ►High ►High Macroeconomic ►Moderate ►Moderate ►Moderate Sector Strategies and Policies ►Moderate ►Moderate ►Moderate Technical Design of Project or Program ►Moderate ►Moderate ►Moderate Institutional Capacity for Implementation and Sustainability ►Substantial ►Moderate ►Moderate Fiduciary ►High ►Substantial ►Substantial Environment and Social ►Moderate ►Moderate ►Moderate Stakeholders ►Low ►Low ►Low Other -- -- -- Overall ►Substantial ►Moderate ►Moderate Results PDO Indicators by Objectives / Outcomes Repowering of the Target Unit IN00771096 ►Generation Capacity of Conventional Generation constructed under the project (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 170.00 240.00 240.00 409.00 Date 30-Jun-2015 15-May-2019 15-Nov-2019 31-Dec-2021 IN00771097 ►Projected lifetime fuel savings (Mega Joules (MJ), Custom) Baseline Actual (Previous) Actual (Current) End Target 11/26/2019 Page 2 of 5 The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Value 0.00 0.00 0.00 303,000,000,000.00 Date 30-Jun-2015 15-May-2019 15-Nov-2019 31-Oct-2019 IN00771098 ►Efficiency of the unit measured by gas consumption per GWh output (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 30.00 34.00 34.00 53.00 Date 30-Jun-2015 15-May-2019 15-Nov-2019 31-Dec-2021 Intermediate Results Indicators by Components Component 1: Re-powering of the Target Unit IN00771099 ►Commissioning of Gas Turbine completed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Not Commissioned Commissioned Commissioned GT Commissioned Date 30-Jun-2015 15-May-2019 15-Nov-2019 30-Apr-2018 IN00771101 ►Overhauling of existing Steam Turbine Generator completed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Inspection completed. No Value Not completed Overhauling in progress major overhauling Completed required. Date 30-Dec-2015 15-May-2019 15-Nov-2019 30-Jun-2018 IN00771103 ►GHG Emissions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 673.00 593.00 593.00 374.00 Date 30-Jun-2015 15-May-2019 15-Nov-2019 31-Dec-2021 Component 2: Technical Assistance for Institutional Strengthening Support IN00771100 ►Strategic Business Unit (SBU) fully functional (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 11/26/2019 Page 3 of 5 The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Partially functional: Bank Value account opened; financial Functional Functional SBU Functional power delegated; KPIs signed Date 30-Jun-2015 15-May-2019 15-Nov-2019 30-Jun-2019 IN00771102 ►Environment and Social Management Unit operational at Ghorashal (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Not operational Operational Operational Operational Date 30-Jun-2015 15-May-2019 15-Nov-2019 31-Dec-2016 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P128012 IDA-57580 Effective USD 217.00 217.00 0.00 141.70 74.53 66% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P128012 IDA-57580 Effective 21-Dec-2015 07-Apr-2016 15-May-2016 31-Mar-2022 31-Mar-2022 Cumulative Disbursements 11/26/2019 Page 4 of 5 The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 11/26/2019 Page 5 of 5