The World Bank Report No: ISR12131 Implementation Status & Results Turkey SME ENERGY EFFICIENCY (P122178) Public Disclosure Copy Operation Name: SME ENERGY EFFICIENCY (P122178) Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 30-Nov-2013 Country: Turkey Approval FY: 2013 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Ministry of Energy and Natural Resources (MENR) Key Dates Board Approval Date 27-Mar-2013 Original Closing Date 28-Sep-2018 Planned Mid Term Review Date 30-Sep-2015 Last Archived ISR Date Effectiveness Date 22-Jul-2013 Revised Closing Date 28-Sep-2018 Actual Mid Term Review Date Project Development Objectives SME ENERGY EFFICIENCY (P122178) Project Development Objective (from Project Appraisal Document) The Project Development Objective (PDO) is to improve the efficiency of energy use in small and medium enterprises, by scaling-up commercial bank lending for energy efficiency investments. The global environmental objective is to reduce Greenhouse Gas (GHG) emissions through the removal of barriers to energy efficiency financing in the small and medium enterprises (SMEs) sector. Has the Project Development Objective been changed since Board Approval of the Program? Yes No Turkey SME Energy Efficiency Project (P132189) Global Environmental Objective (from Project Appraisal Document) The global environmental objective is to reduce Greenhouse Gas (GHG) emissions through the removal of barriers to energy efficiency financing in the small and medium enterprises (SMEs) sector. Has the Global Environmental Objective been changed since Board Approval of the Program? Yes No Public Disclosure Copy Component(s) Component Name Component Cost Component 1: Energy efficiency investments in SMEs 294.28 Component 2: Policy support and TA to GDRE 10.94 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Page 1 of 5 The World Bank Report No: ISR12131 Previous Rating Current Rating Progress towards achievement of GEO Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Public Disclosure Copy Overall Risk Rating Moderate Implementation Status Overview The Project and its accompanying Grants became effective on July 22, 2013. A World Bank implementation support visit took place from October 1 - 9, 2013. Now that project implementation is underway, meetings were held with Government counterparts and the three financial institutions (FIs) to clarify technical eligibility and energy savings measurement procedures. The Bank implementation support team held a workshop in Istanbul on October 4, 2013 to clarify questions on the sub-borrower and sub-project eligibility criteria and technical requirements for the energy audit (or baseline assessment) and post-project energy savings reports. Locations No Location data has been entered Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Estimated energy savings (from project Gigawatt-hour Value 0.00 0.00 307.00 investments) (GWh) Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Associated GHG reductions from project Tones/year Value 0.00 0.00 154.40 investments Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Projected lifetime energy savings Megawatt hour Value 0.00 0.00 307.00 (MWh) Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Public Disclosure Copy Comments Global Environmental Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Number of loans given using alternative Number Value 0.00 0.00 45.00 business models Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Page 2 of 5 The World Bank Report No: ISR12131 Policy and institutional amendments to improve Text Value n/a In progress Final set of amendments EE programming submitted for approval/ adoption Public Disclosure Copy Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Number of SMEs attending awareness raising Number Value 0.00 0.00 4000.00 activities Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Volume of bank funding: lines of credit - SME Amount(USD) Value 0.00 0.00 121.00 Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Total value of EE investments Amount(USD) Value 0.00 0.00 292.60 Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Number of EE loans given Number Value 0.00 0.00 200.00 Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments No of active loan accounts -SME Number Value 0.00 0.00 160.00 Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Percentage of project-supported institutions Percentage Value 0.00 0.00 100.00 that are reporting on this indicator Sub Type Supplemental Portfolio at Risk - SME Percentage Value 0.00 0.00 2.00 Public Disclosure Copy Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Percentage of project-supported institutions Percentage Value 0.00 0.00 100.00 that are reporting on this indicator Sub Type Supplemental Percentage of active loans to women-owned Percentage Value 0.00 0.00 25.00 businesses Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Page 3 of 5 The World Bank Report No: ISR12131 EE investments using the EE screening tool Amount(USD) Value 0.00 0.00 225.00 Date 28-Mar-2013 09-Oct-2013 28-Mar-2018 Comments Public Disclosure Copy Data on Financial Performance (as of 14-Aug-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P122178 IBRD-82420 Effective 27-Mar-2013 06-May-2013 22-Jul-2013 28-Sep-2018 28-Sep-2018 P122178 IBRD-82430 Effective 27-Mar-2013 06-May-2013 22-Jul-2013 28-Sep-2018 28-Sep-2018 P122178 IBRD-82440 Effective 27-Mar-2013 06-May-2013 22-Jul-2013 28-Sep-2018 28-Sep-2018 P132189 TF-14579 Effective 06-May-2013 06-May-2013 22-Jul-2013 28-Sep-2018 28-Sep-2018 P132189 TF-14580 Effective 06-May-2013 06-May-2013 22-Jul-2013 28-Sep-2018 28-Sep-2018 P132189 TF-14581 Effective 06-May-2013 06-May-2013 22-Jul-2013 28-Sep-2018 28-Sep-2018 P132189 TF-14582 Effective 06-May-2013 06-May-2013 22-Jul-2013 28-Sep-2018 28-Sep-2018 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P122178 IBRD-82420 Effective USD 67.00 67.00 0.00 0.00 67.00 0.00 P122178 IBRD-82430 Effective USD 67.00 67.00 0.00 0.17 66.83 0.00 P122178 IBRD-82440 Effective USD 67.00 67.00 0.00 0.00 67.00 0.00 P132189 TF-14579 Effective USD 67.00 0.94 0.00 0.00 0.94 0.00 P132189 TF-14580 Effective USD 67.00 0.90 0.00 0.00 0.90 0.00 P132189 TF-14581 Effective USD 67.00 0.90 0.00 0.00 0.90 0.00 P132189 TF-14582 Effective USD 67.00 0.90 0.00 0.00 0.90 0.00 Disbursement Graph Public Disclosure Copy Page 4 of 5 The World Bank Report No: ISR12131 Public Disclosure Copy Key Decisions Regarding Implementation The Bank will continue to provide fiduciary support to the participating FIs and to MENR to ensure timeliness in the procurement process to hire technical consultants funded from the GEF funds. Restructuring History There has been no restructuring to date. Related Projects P132189-Turkey SME Energy Efficiency Project Public Disclosure Copy Page 5 of 5