The World Bank Implementation Status & Results Report Montenegro Second Energy Efficiency Project (P165509) Montenegro Second Energy Efficiency Project (P165509) EUROPE AND CENTRAL ASIA | Montenegro | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2018 | Seq No: 2 | ARCHIVED on 04-Dec-2019 | ISR38855 | Implementing Agencies: Ministry of Health, Ministry of Economy, Montenegro Key Dates Key Project Dates Bank Approval Date: 04-Jun-2018 Effectiveness Date: 30-Aug-2018 Planned Mid Term Review Date: -- Actual Mid-Term Review Date: Original Closing Date: 31-Dec-2023 Revised Closing Date: 31-Dec-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to improve energy efficiency in health sector buildings, and to develop and demonstrate a sustainable financing model. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1 – EE investments in public sector buildings:(Cost $7959015.00 M) Component 2 – Technical assistance:(Cost $406890.00 M) Component 3 – Project implementation support:(Cost $616500.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO ►Satisfactory ►Satisfactory Overall Implementation Progress (IP) ►Satisfactory ►Moderately Satisfactory Overall Risk Rating ►Moderate ►Moderate Implementation Status and Key Decisions Project implementation is progressing with some delays. The government has taken corrective actions to avoid further delays in procurement under the project. 12/4/2019 Page 1 of 6 The World Bank Implementation Status & Results Report Montenegro Second Energy Efficiency Project (P165509) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance ►Moderate ►Moderate ►Moderate 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 ►Substantial ►Substantial Fiduciary ►Moderate ►Moderate ►Moderate Environment and Social ►Moderate ►Moderate ►Moderate Stakeholders ►Moderate ►Moderate ►Moderate Other -- -- -- Overall ►Moderate ►Moderate ►Moderate Results PDO Indicators by Objectives / Outcomes Improved energy efficiency in health sector public buildings IN00752725 ►Projected energy or fuel savings (Mega Joules (MJ), Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 215,000,000.00 Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 Some construction works are complete, and the monitoring and verification is scheduled for November 2019. Comments: IN00752806 ►Projected lifetime fuel savings (Mega Joules (MJ), Corporate Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 192,000,000.00 Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 IN00752807 ►Projected electricity generation savings (Mega Joules (MJ), Corporate Breakdown) 12/4/2019 Page 2 of 6 The World Bank Implementation Status & Results Report Montenegro Second Energy Efficiency Project (P165509) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 23,000,000.00 Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 Developed and demonstrated sustainable energy efficiency financing model IN00752724 ►Develop and demonstrate a sustainable financing model (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target (a) Energy savings capture model implemented; (b) arrangements for MEEP2 No sustainable financing Value TA in progress TA in progress energy savings adopted; (c) model proposal for long-term EE investment framework submitted to Government Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 Development of the sustainable financing model is complete. Implementation of the model is in progress. Comments: Intermediate Results Indicators by Components Component 1: Energy efficiency investments in public sector buildings IN00752808 ►Net greenhouse gas emissions (Tones/year, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 -3,211.27 Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 IN00752810 ►Number of buildings retrofitted (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 2.00 18.00 Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 IN00752812 ►Percentage of project beneficiaries reporting an improvement in building comfort level, disaggregated by gender (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 12/4/2019 Page 3 of 6 The World Bank Implementation Status & Results Report Montenegro Second Energy Efficiency Project (P165509) Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 IN00752813 ►Percentage of male project beneficiaries reporting an improvement in building comfort level (Percentage, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 IN00752814 ►Percentage of female project beneficiaries reporting an improvement in building comfort level (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Component 2: Technical Assistance IN00752809 ►Increase in women’s awareness of EE (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 IN00752811 ►Captured energy cost savings (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,200,000.00 Date 04-Jun-2018 13-Mar-2019 15-Oct-2019 31-Dec-2023 Overall Comments IR Communication and awareness campaign – The TOR for communication activities was cleared by the Bank on August 8, 2019. Procurement for the consulting firm is ongoing (tender was closed on November 6, 2019 and evaluation will start on November 13, 2019), and the consultants will develop and implement a communication strategy. Citizen engagement - The consulting firm to conduct social monitoring was hired in May 2019. Survey questions are under preparation and will be sent to the Bank for clearance by November 18, 2019. The surveys will be carried out by December 15, 2019 to accommodate the weather which has been unusually warm. The post- investment surveys will be done next winter. Data on Financial Performance 12/4/2019 Page 4 of 6 The World Bank Implementation Status & Results Report Montenegro Second Energy Efficiency Project (P165509) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P165509 IBRD-88700 Effective USD 7.39 7.39 0.00 1.01 6.28 14% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P165509 IBRD-88700 Effective 04-Jun-2018 02-Jul-2018 30-Aug-2018 31-Dec-2023 31-Dec-2023 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/4/2019 Page 5 of 6 The World Bank Implementation Status & Results Report Montenegro Second Energy Efficiency Project (P165509) 12/4/2019 Page 6 of 6