The World Bank Report No: ISR15278 Implementation Status & Results Public Disclosure Copy Czech Republic CZ - GREEN INVESTMENT SCHEME (P114304) Operation Name: CZ - GREEN INVESTMENT SCHEME Seq.No: 6 Status: ARCHIVED Archive Date: 22-Jun-2014 (P114304) Project Stage: Implementation Country: Czech Republic Approval FY: 2010 Product Line: Carbon Offset Region: EUROPE AND Lending Instrument: CENTRAL ASIA Implementing Agency: State Environment Fund Key Dates Board Approval 28-May-2010 Original Closing 30-Apr-2015 Planned Mid Term Review 03-Jun-2013 Last Archived ISR 13-Jul-2013 Date Date Date Date Effectiveness 28-May-2010 Revised Closing 30-Apr-2015 Actual Mid Term Review 08-Jun-2013 Date Date Date Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Low Implementation Status Overview Public Disclosure Copy Implementation of the Green Investment Scheme (GIS) Project is progressing well, no major issues were revealed during the on-site supervision conducted by the State Environmental Fund (‘GIS Operator’) since the last mission. The total number of accepted applications for the Czech Republic GIS Programme has reached 74,117 as of December 30, 2013 and since 2010, the GIS Program is no longer accepting additional applications. Disbursement of the World Bank funds (under all four agreements signed with the Spanish Carbon Fund, the Carbon Fund for Europe, and the Italian Carbon Fund) is on track in accordance with the Assigned Amount Purchasing Agreements (AAUPAs). One hundred percent of the World Bank funds have been allocated to accepted applications and there continues to be a high level of satisfaction expressed by Page 1 of 2 The World Bank Report No: ISR15278 the applicants, as evidenced through site visits. Energy consumption has decreased sometimes by 50 percent, which leads to greenhouse gas Public Disclosure Copy emission reductions, and the agreed greening ratios being met or exceeded. Locations Country First Administrative Division Location Planned Actual Czech Republic Praha Prague ✔ Key Decisions Regarding Implementation None. Related Projects P117334-AF-CZ GIS/AAU TRADE Public Disclosure Copy Page 2 of 2