The World Bank Report No: ISR3000 Implementation Status & Results Vietnam Public Disclosure Copy Second Transmission and Distribution Project (P084871) Operation Name: Second Transmission and Distribution Project (P084871) Project Stage: Implementation Seq.No: 6 Status: ARCHIVED Last Modified Date: 25-Mar-2011 Country: Vietnam Approval FY: 2006 Product Line: IBRD/IDA Region: EAST ASIA AND PACIFIC Lending Instrument: Specific Investment Loan Implementing Agency(ies): Vietnam Electricity (EVN), Power Company No.3, Ho Chi Minh City Power Company Key Dates Board Approval Date 28-Jul-2005 Original Closing Date 31-Dec-2010 Planned Mid Term Review Date 30-Sep-2008 Last Archived ISR Date 04-Feb-2010 Effectiveness Date 31-May-2006 Revised Closing Date 30-Jun-2011 Actual Mid Term Review Date 31-May-2009 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the project is the efficient development of Vietnam's transmission and distribution system. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Transmission and distribution systems expansion and reinforcement 297.75 Electricity market and system operations modernization 22.80 Market transition support 1.65 Overall Ratings Public Disclosure Copy Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Medium-I Implementation Status Overview The project's objective of supporting efficient development of Vietnam's transmission and distribution system will be demonstrated by the amount of power generation capacity connected to the power system through transmission links financed by the project; reducednumber and duration of power interruptions in the transmission and distribution systems and the level of minimum voltages during peak times at the system weak points. The completion rates for transmission and distribution lines and transformer capacity are the best intermediate indicators of progress towards achievement of the project's objectives. These rates show that the project is on track to achieve its development outcomes. Results Page 1 of 5 The World Bank Report No: ISR3000 Project Development Objective Indicators Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value Generation capacity connected to 500kV transmission system links 0 MW capacity connected by 1200 MW by project close financed by project. Trasnmisiosn lines: 600MW. Date Date 28-Jul-2005 Date 30-Jun-2011 Type Unit of Measure Comment 31-Dec-2011 Comment Custom Indicator Text Comment Indicator Baseline Current End Target Indicator Name Value Value Value Number and duration of interruptions in the 500kV and 220kV Interruptions in system, per 100 EVN data for the whole system, Interruptions in system, per 100 transmission system and 110kV distribution system circuit km: 500kV: number 0.33; per 100 circuit km : circuit km: 500kV: number 0.315; duration 15.75 mins. 220kV: 500kV: number 0.324; duration duration 14.98 mins. 220kV: number 0.596; duration 21.2 mins. 15.43 minutes; number 0.566; duration 20.16 Type Unit of Measure 110kV: number3.32; duration 28.8 220kV: number 0.584 duration mins. 110kV: number 3.166; Custom Indicator Text mins 20.78 minutes; duration 27.38 mins Date 110kV: number 3.254; duration Date 28.22 minutes 28-Jul-2005 30-Jun-2011 Date Comment Comment 31-Dec-2010 Comment Indicator Baseline Current End Target Indicator Name Value Value Value Peak hour minimum voltages at system weak points Peak hour minimum voltage (kV): Peak hour minimum voltages (kV) Peak hour minimum voltage (kV): Bac Lieu - 205 Quy Nhon - 210 at: Bac Lieu - 225 Quy Nhon - 225 Public Disclosure Copy Soc Trang - 108 Trang Bang - 107 Bac Lieu - 195 Soc Trang - 115 Trang Bang - 115 Quang Ngai - 109 Mong Cai - 108 Quy Nhon - 207 Quang Ngai - 115 Mong Cai - 115 Type Unit of Measure Date Soc Trang 98 Date Custom Indicator Text Trang Bang 108 28-Jul-2005 Quang Ngai 112 30-Jun-2011 Comment Mong Cai -105 Comment Date 31-Dec-2010 Comment Page 2 of 5 The World Bank Report No: ISR3000 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Separate transmission and market system operators (TSO and MSO) No separately identifiable TSO or New NLDC system now being Single buyer market established, capable of function within single buyer market MSO - functions mainly taken by prepared for procurement TSO/MSO at arms length from NLDC NPT created as a wholly owned generationand distribution, taking Date subsidiary of EVN on July 1, 2008. dispatch decisions based on Type Unit of Measure Final design for generation market rules 28-Jul-2005 competitive market (GCM, the Custom Indicator Text Date Comment name for the single buyer 30-Jun-2011 Date Comment 31-Dec-2010 Comment Intermediate Results Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Additional transmission system assets created Circuit km tranmission and Circuit km transmission and Circuit km tranmission and distribution lines: 500kV: 0 220kV: distribution lines financed by the distribution lines: 500kV: 502; 0 110kV: 0 Transformer capacity project and commissioned to date: 220kV: 180; 110kV: 400 MVA 500/220kV: 0 220/110kV: 0 500kV - 79 Transformer capacity MVA Type Unit of Measure 110kV/MV:0 220kV - 24 500/220kV: 1,950 220/110kV: Custom Indicator Text Date 110kV - 450 1,250 110kV/MV: 400 Transformer capacity MVA: Date 28-Jul-2005 500/220kV - 450 Comment 220/110kV - 1000 30-Jun-2010 Date Comment 31-Dec-2010 Public Disclosure Copy Comment Page 3 of 5 The World Bank Report No: ISR3000 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Commissioning of new market and transmission system information SCADA/EMS: not in place Vietpool Procurement in progress for new SCADA/EMS: in place Vietpool and control systems interim market system SCADA/EMS interim market system replacement: not in place Date replacement: in place Telecommunications backbone: Telecommunications backbone: in Type Unit of Measure not in place 31-Dec-2010 place Custom Indicator Text Date Comment Date 28-Jul-2005 30-Jun-2011 Comment Comment Indicator Baseline Current End Target Indicator Name Value Value Value Separation of transmission and market operations from other EVN Transmission is disaggregated Transmission company formed and Transmission system and market operations among four companies, all 100% started operations on July 1, 2008. system operators are separated owned by EVN. No market OOG Conclusion 232/TB-VPCP from other EVN operations, operator in place dated July 31, 2009 provides for preferably with separate ownership Type Unit of Measure Date ring fencing of NLDC as System arrangements Custom Indicator Text Market Operator until it can be Date 28-Jul-2005 created as a separate entity Comment 30-Jun-2011 Date Comment 31-Dec-2010 Comment Data on Financial Performance (as of 17-Mar-2011) Financial Agreement(s) Key Dates Public Disclosure Copy Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P084871 IDA-41070 Effective 28-Jul-2005 16-Mar-2006 31-May-2006 30-Jun-2011 Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P084871 IDA-41070 Effective XDR 136.70 136.70 0.00 84.72 51.98 62.00 Disbursement Graph Page 4 of 5 The World Bank Report No: ISR3000 Public Disclosure Copy Key Decisions Regarding Implementation An IBRD Loan of US$180 million is due to be considered by the Bank's Board in March 2011 to support scale up of the successful transmission system and upgrading component. This additional financing will help to strengthen the transmission system in the northern region around the Hanoi metropolitan area thereby improving reliability and to meet rapidly growing demand in the Mekong Delta region. Bank management has approved an extension of the Credit's closing date from December 31, 2010 to June 30, 2011 to allow enough time for processing of the IBRD additional financing loan. The Credit will also be extended for the three-year duration of the additional financing to allow enough time for completion of all its activities. Restructuring History Level two Approved on 19-Dec-2010 Public Disclosure Copy Related Projects P114875-Second Transmission and Distribution Project Additional Financing Page 5 of 5