Public Disclosure Copy The World Bank Implementation Status & Results Report PH - Chiller Energy Efficiency Project (P114119) PH - Chiller Energy Efficiency Project (P114119) EAST ASIA AND PACIFIC | Philippines | Environment Global Practice | Global Environment Project | Specific Investment Loan | FY 2010 | Seq No: 9 | ARCHIVED on 29-Dec-2014 | ISR16616 | Implementing Agencies: Department of Environment and Natural Resources Key Dates Key Project Dates Board Approval date:03-Jun-2010 Effectiveness Date:05-Jan-2011 Planned Mid Term Review Date:13-Jul-2013 Actual Mid-Term Review Date:15-Feb-2013 Original Closing Date:01-Jan-2017 Revised Closing Date:01-Jan-2017 Global Environmental Objectives Global Environmental Objective (from Project Appraisal Document) The project development objective is to reduce greenhouse gas emissions by replacing inefficient chillers including both oldCFC-based chillers and non-CFC-based chillers. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Name Investment in Chiller Replacement:(Cost $2.60 M) Measurement, Monitoring and Verification:(Cost $0.58 M) Performance Standards and Technical Assistance:(Cost $0.03 M) Project Management:(Cost $0.39 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of GEO  Moderately Satisfactory  Moderately Unsatisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Unsatisfactory Overall Risk Rating  --  Moderate 12/29/2014 Public Disclosure Copy Page 1 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report PH - Chiller Energy Efficiency Project (P114119) Implementation Status and Key Decisions Overall project implementation and progress toward outcome targets and objectives continues to lag considerably behind schedule, and the objectives are not achievable by the current closing date of the GEF grant (December 31, 2014). However, there has been convincing improvement in performance over the past six months and the project has met progress benchmarks agreed as a condition for extending the GEF grant (currently pending approval). With the planned grant extension, the project would be expected to eventually achieve most of its objectives. As of early November 2014, the project had replaced 17 inefficient chillers with a cooling capacity equivalent to nearly 12,000 tons of refrigerant. In addition, a firm pipeline of new chiller replacement proposal is now in place for 2015 and 2016 that would meet a high percentage of the project’s total chiller replacement goals and corresponding ozone-depleting substance (ODS) and greenhouse gas (GHG) reductions targets. By mid-2015 there is expected to be clear evidence of whether the extension and improved performance will indeed yield the expected outcomes. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  High Macroeconomic  --  --  Moderate Sector Strategies and Policies  --  --  Moderate Technical Design of Project or Program  --  --  Moderate Institutional Capacity for Implementation and Sustainability  --  --  Moderate Fiduciary  --  --  Moderate Environment and Social  --  --  Moderate Stakeholders  --  --  Low Other  --  --  -- Overall  --  --  Moderate Results 12/29/2014 Public Disclosure Copy Page 2 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report PH - Chiller Energy Efficiency Project (P114119) Global Environmental Objective Indicators PHINDGEOTBL  Cooling capacity addressed by the project (Number of TRs)(Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2732.00 11885.00 30649.00 Date -- 28-Apr-2014 07-Nov-2014 01-Jan-2017 PHINDGEOTBL  ODP Conumption phaseout due to the replacement of chillers (ODP ton)(Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 0.51 .563 5.7 ODP ton Date 01-Jul-2013 28-Apr-2014 07-Nov-2014 -- PHINDGEOTBL  Cumulative carbon emission reduction as direct benefits from the project (k tCO2)(Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 0.647 1.67 62.4 k tCO2 Date 01-Jul-2013 28-Apr-2014 07-Nov-2014 01-Jan-2017 PHINDGEOTBL  GWh savings and MW demand reduction(Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.21 3.35 29.70 Date 01-Jul-2013 28-Apr-2014 07-Nov-2014 01-Jan-2017 Overall Comments The actual energy savings will continue to increase in accordance with the number of usage hours. 12/29/2014 Public Disclosure Copy Page 3 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report PH - Chiller Energy Efficiency Project (P114119) Intermediate Results Indicators PHINDIRITBL  Number of Subgrant Agreements signed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 9.00 15.00 20.00 Date -- 28-Apr-2014 07-Nov-2014 01-Jan-2015 PHINDIRITBL  Number of new energy efficient chillers installed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 5.00 17.00 53.00 Date 03-Jun-2010 28-Apr-2014 07-Nov-2014 01-Jan-2015 PHINDIRITBL  Data MIS for VER Claims (% of units providing data) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6.00 6.00 35.00 Date -- 28-Apr-2014 07-Nov-2014 01-Jan-2017 Comments The decision to provide data will be made when installations are completed. To date, there are six installations that provide data to DENR. PHINDIRITBL  Number of project recipients participating in the recognition program (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 42.00 15.00 Date 03-Jun-2010 28-Apr-2014 07-Nov-2014 01-Jan-2017 Comments Participation in the recognition program is voluntary. To participate in the program, chiller owners must provide energy consumption data to DENR. Because the awareness on the energy efficiency of chillers, 42 chiller owners have signed up with the program even before their replacements are completed. 12/29/2014 Public Disclosure Copy Page 4 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report PH - Chiller Energy Efficiency Project (P114119) PHINDIRITBL  Number of training sessions and workshops (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6.00 11.00 12.00 Date 03-Jun-2010 28-Apr-2014 07-Nov-2014 01-Jan-2017 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P114119 TF-95991 Effective USD 2.60 2.60 0.00 0.64 1.96 25% P114119 TF-96093 Effective USD 1.00 1.00 0.00 0.52 0.48 52% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P114119 TF-95991 Effective 28-Jun-2010 28-Jun-2010 05-Jan-2011 01-Jan-2015 01-Jan-2015 P114119 TF-96093 Effective 28-Jun-2010 28-Jun-2010 05-Jan-2011 01-Jan-2017 01-Jan-2017 Cumulative Disbursements 12/29/2014 Public Disclosure Copy Page 5 of 6 Public Disclosure Copy The World Bank Implementation Status & Results Report PH - Chiller Energy Efficiency Project (P114119) Restructuring History Level Approved on 26-Jun-2013 Related Project(s) There are no related projects. 12/29/2014 Public Disclosure Copy Page 6 of 6