The World Bank Implementation Status & Results Report Energy Efficiency Facility for Industrial Enterprises (P118737) Energy Efficiency Facility for Industrial Enterprises (P118737) EUROPE AND CENTRAL ASIA | Uzbekistan | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2010 | Seq No: 12 | ARCHIVED on 04-Sep-2018 | ISR33722 | Implementing Agencies: The Republic of Uzbekistan, Ministry of Economy, ASAKA Bank, Hamkorbank, Uzpromstroybank, Invest Finance Bank, Asia Alliance Bank, National Bank of Uzbekistan Key Dates Key Project Dates Bank Approval Date: 17-Jun-2010 Effectiveness Date: 15-Dec-2011 Planned Mid Term Review Date: 05-Jun-2015 Actual Mid-Term Review Date: 05-Jun-2015 Original Closing Date: 31-Jan-2016 Revised Closing Date: 31-Jan-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project objective is to improve energy efficiency in Industrial Enterprises (IEs) by designing and establishing a financing mechanism for energy saving investments. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component A - Development of Energy Efficiency Capacity:(Cost $1.00 M) Component B - Credit Line to Participating Banks (PBs):(Cost $199.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The Loan Agreement of the Second Additional Financing for Energy Efficiency Facility for Industrial Enterprises was signed on May 17, 2018. Two of three effectiveness conditions have been fulfilled: the Subsidiary Agreements have been executed on behalf of the Borrower and the respective Participating Bank, and the Operations Manual satisfactory to the Bank has been updated and adopted by the Ministry of Economy and the Participating Banks in its revised form. The remaining effectiveness condition - the legal opinions on the respective Project Agreements and Subsidiary Agreements acceptable to the Bank- is expected to be fulfilled by the end of August. The project is expected to become effective before the deadline of September 14, 2018. Implementation of the remaining IDA funds is continuing. Two subprojects are under preparation and are expected to commit the remaining IDA proceeds for the credit line component. 9/4/2018 Page 1 of 5 The World Bank Implementation Status & Results Report Energy Efficiency Facility for Industrial Enterprises (P118737) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Substantial Substantial Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and Sustainability -- Substantial Substantial Fiduciary -- Moderate Moderate Environment and Social -- Moderate Moderate Stakeholders -- Moderate Moderate Other -- Low Low Overall -- Moderate Moderate Results PDO Indicators by Objectives / Outcomes Improve energy efficiency in industrial enterprises IN00629416 ►Leveraged amount of EE Investments (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 83,000,000.00 83,000,000.00 201,000,000.00 Date 30-Dec-2011 31-Jan-2018 31-Jan-2018 31-Jan-2023 IN00629417 ►Energy savings (Megawatt hour(MWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 227,000.00 227,000.00 613,000.00 Date 30-Dec-2011 31-Jan-2018 31-Jan-2018 31-Jan-2023 IN00629418 ►CO2 emission reduction (Metric ton, Custom) 9/4/2018 Page 2 of 5 The World Bank Implementation Status & Results Report Energy Efficiency Facility for Industrial Enterprises (P118737) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 470,000.00 470,000.00 1,269,000.00 Date 30-Dec-2011 31-Jan-2018 31-Jan-2018 31-Jan-2023 Intermediate Results Indicators by Components Development of Energy Efficiency Capacity IN00629419 ►EE Strategy for IEs (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Not developed Completed Completed Completed Date 17-Jun-2010 01-Mar-2015 01-Mar-2015 31-Dec-2013 IN00629420 ►Establishment and Operation of PCU (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Not established Established Established Established Date 17-Jun-2010 01-Mar-2015 01-Mar-2015 15-Dec-2011 IN00629421 ►EE Communication Strategy (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Not developed Completed Completed Completed Date 17-Jun-2010 01-Mar-2015 01-Mar-2015 31-Dec-2015 IN00629424 ►Number of IEs which adopted Energy Management System (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 22.00 22.00 22.00 50.00 Date 31-Dec-2017 31-Dec-2017 31-Dec-2017 31-Jan-2023 Credit Line to Participating Banks IN00629422 ►Number of beneficairy industrial enterprises (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 12.00 31.00 31.00 70.00 Date 30-Jun-2012 30-Jun-2017 30-Jun-2017 31-Jan-2023 IN00629423 9/4/2018 Page 3 of 5 The World Bank Implementation Status & Results Report Energy Efficiency Facility for Industrial Enterprises (P118737) ►Co-financing amount by participating banks (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 27,000,000.00 27,000,000.00 96,000,000.00 Date 15-Dec-2011 30-Sep-2017 30-Sep-2017 31-Jan-2023 IN00629425 ►Amount of subloans to SMEs (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 30,000,000.00 Date 30-Jun-2018 -- 23-Aug-2018 31-Jan-2023 IN00629426 SMEs' satisfaction with their engagement in the development of subprojects (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 80.00 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P118737 IBRD-88260 USD 200.00 200.00 0.00 0.00 200.00 0% Effective P118737 IDA-47450 Closed USD 25.00 24.20 0.80 24.23 0.00 100% P118737 IDA-52410 Effective USD 100.00 100.00 0.00 86.29 6.65 93% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P118737 IBRD-88260 30-Jan-2018 17-May-2018 -- 31-Jan-2023 31-Jan-2023 Effective P118737 IDA-47450 Closed 17-Jun-2010 18-Aug-2011 15-Dec-2011 31-Jan-2016 31-Jan-2016 P118737 IDA-52410 Effective 26-Apr-2013 18-Jul-2013 06-Dec-2013 31-Jan-2018 31-Jan-2023 Cumulative Disbursements 9/4/2018 Page 4 of 5 The World Bank Implementation Status & Results Report Energy Efficiency Facility for Industrial Enterprises (P118737) Restructuring History Level 2 Approved on 18-Jan-2018 Related Project(s) P133633-Additional Financing Energy Efficiency - Industrial Enterprises ,P165054-Energy Efficiency Facility for Industrial Enterprises, Phase 3 9/4/2018 Page 5 of 5