Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) CL Technical Assistance for Geothermal Development in Chile (P152820) LATIN AMERICA AND CARIBBEAN | Chile | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2017 | Seq No: 2 | ARCHIVED on 15-Jun-2017 | ISR27891 | Implementing Agencies: Chilean International Cooperation Agency (AGCI), Ministry of Energy Key Dates Key Project Dates Bank Approval Date:12-Oct-2016 Effectiveness Date:24-Apr-2017 Original Closing Date:30-Jun-2020 Revised Closing Date:30-Jun-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) Assist the Government of Chile to improve geothermal energy market conditions by removing key barriers, leading to sustainable investments in this sector. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Implementation Status and Key Decisions Project become effective on April 24, 2017. Establishment of the Project Implementation Unit is underway. The Geothermal Roundtable is on-going. 6/15/2017 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  --  Low  Low Comments The project risk is rated as low, since this is a demand-driven technical assistance much needed by the Renewable Division of the Ministry of Energy. The activities under the Project have been identified, thoroughly discussed, and agreed with the Ministry of Energy. There is a risk that the new incoming administration (March 2018) may want to revise the activities. However, this would be used as an opportunity for a Project mid-term review. Therefore the rating remains low. Results Project Development Objective Indicators PHINDPDOTBL Greater exploration of geothermal resources through the drilling of wells (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 7.00 7.00 7.00 11.00 Date 12-Oct-2016 07-Nov-2016 25-May-2017 30-Jun-2020 PHINDPDOTBL Submission for Legislative approval of law and/or revised policies necessary for providing greater regulatory clarity to investors (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 12-Oct-2016 07-Nov-2016 25-May-2017 30-Jun-2020 PHINDPDOTBL A framework designed to mobilize risk capital toward geothermal exploration (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y 6/15/2017 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) Date 12-Oct-2016 07-Nov-2016 25-May-2017 30-Jun-2020 Overall Comments Intermediate Results Indicators PHINDIRITBL Review and recommendation report for geothermal concession framework (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 12-Oct-2016 07-Nov-2016 25-May-2017 30-Jun-2020 PHINDIRITBL Stakeholder awareness consultations held (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 4.00 2.00 Date 12-Oct-2016 07-Nov-2016 25-May-2017 30-Jun-2020 Comments There have been four meetings under the Geothermal Roundtable, which convenes the private sector industry, academia, NGOs and public authorities. 6/15/2017 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) PHINDIRITBL Study on integration of geothermal in electricity market completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 12-Oct-2016 07-Nov-2016 25-May-2017 30-Jun-2020 PHINDIRITBL Recommendation made for risk mitigation solutions based on global solutions tailored for Chile (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 12-Oct-2016 07-Nov-2016 25-May-2017 30-Jun-2020 PHINDIRITBL Study on alternate uses of geothermal in Chile (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 12-Oct-2016 07-Nov-2016 25-May-2017 30-Jun-2020 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P152820 TF-A3726 Effective USD 1.78 1.78 0.00 0.06 1.72 3% Key Dates (by loan) 6/15/2017 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P152820 TF-A3726 Effective 12-Oct-2016 08-Nov-2016 24-Apr-2017 30-Jun-2020 30-Jun-2020 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/15/2017 Page 5 of 5 Public Disclosure Copy