The World Bank Report No: ISR15622 Implementation Status & Results Ukraine UA - ENERGY EFFICIENCY (P096586) Public Disclosure Copy Operation Name: UA - ENERGY EFFICIENCY (P096586) Project Stage: Implementation Seq.No: 5 Status: ARCHIVED Archive Date: 08-Jul-2014 Country: Ukraine Approval FY: 2011 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 17-May-2011 Original Closing Date 31-Mar-2016 Planned Mid Term Review Date 10-Sep-2014 Last Archived ISR Date 31-Dec-2013 Effectiveness Date 09-Nov-2011 Revised Closing Date 31-Mar-2016 Actual Mid Term Review Date Project Development Objectives UA - ENERGY EFFICIENCY (P096586) Project Development Objective (from Project Appraisal Document) The project development objective is to contribute to improved energy efficiency by industrial and commercial companies, municipalities, municipal sector enterprises and energy service companies by facilitating sustainable financial intermediation for the financing of energy efficiency investments. Has the Project Development Objective been changed since Board Approval of the Program? Yes No Component(s) Component Name Component Cost Financing of EE Investments 199.50 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 Satisfactory Overall Risk Rating Moderate Moderate Implementation Status Overview Sixteen in total energy efficiency sub-projects in the industrial sector have been approved for financing including eleven sub-projects reviewed and approved in first half of 2014. UkrEximBank has had discussions with five potential sub-borrowers during the course of this year, and investments by three of the sub-borrowers are likely to be carried out soon. Negotiations with the two participating bank have been completed and participating bank have already signed seven sub-project which are already under financing. UkrEximbank is looking into the posibility of signing one more participating bank. Very intensive work has started to look into signing first municipal energy efficiency sub-project and it is agreed to have a full mid-term review this September and work on defining municipal EE financing. Page 1 of 4 The World Bank Report No: ISR15622 Locations Country First Administrative Division Location Planned Actual Ukraine Not Entered Ukraine Public Disclosure Copy Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Volume of EE sub-loans Amount(USD) Value 0.00 81000000.00 200000000.00 Date 15-Dec-2010 26-Jun-2014 31-Mar-2016 Comments Disbursement improved as UEB financed five sub-loans. Number of participating banks (PBs) Number Value 0.00 2.00 2.00 Date 15-Dec-2010 26-Jun-2014 31-Mar-2016 Comments No participating banks other two participating banks than the borrower have been signed. selected yet. Extent of energy savings (toe) Number Value 0.00 175418.00 500000.00 Date 15-Dec-2010 26-Jun-2014 31-Mar-2016 Comments Estimated pro-rata energy savings of first five sub- projects in oil equivalent. Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target The Borrower's loan committments Percentage Value 0.00 35.00 100.00 Date 15-Dec-2010 10-Dec-2013 31-Mar-2015 Comments Public Disclosure Copy Extent of energy savings, gas (tcm) Number Value 0.00 32850.00 2600.00 Date 15-Dec-2010 26-Jun-2014 31-Mar-2016 Comments Estimated pro-rata energy Under different scenarios, savings of first five sub-loans depending on the actual in gas equivalent. projects financed, energy savings would vary The Borrower's loan disbursements Percentage Value 0.00 40.50 100.00 Date 15-Dec-2010 26-Jun-2014 31-Mar-2016 Page 2 of 4 The World Bank Report No: ISR15622 Comments As of June 26, 2014, the project has disbursed US$81 million and disbursement is progressing with new sub- Public Disclosure Copy loans signed. Extent of energy savings, electricity (GWh) Number Value 0.00 210.00 400.00 Date 15-Dec-2010 26-Jun-2014 31-Mar-2016 Comments Estimated pro-rata energy Under different scenarios, savings of sixteen sub-loan is depending on the actual 210 MWh. projects financed, energy savings would vary Data on Financial Performance (as of 17-Jun-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P096586 IBRD-80640 Effective 17-May-2011 10-Jun-2011 09-Nov-2011 31-Mar-2016 31-Mar-2016 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P096586 IBRD-80640 Effective USD 200.00 200.00 0.00 80.92 119.08 40.00 Disbursement Graph Public Disclosure Copy Page 3 of 4 The World Bank Report No: ISR15622 Public Disclosure Copy Key Decisions Regarding Implementation At this time, there are no decisions for disclosure. Restructuring History There has been no restructuring to date. Related Projects P129704-CTF in Ukraine Public Disclosure Copy Page 4 of 4