The World Bank Report No: ISR11016 Implementation Status & Results Uzbekistan Energy Efficiency Facility for Industrial Enterprises (P118737) Public Disclosure Copy Operation Name: Energy Efficiency Facility for Industrial Enterprises (P118737) Project Stage: Implementation Seq.No: 4 Status: ARCHIVED Archive Date: 04-Oct-2013 Country: Uzbekistan Approval FY: 2010 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 17-Jun-2010 Original Closing Date 31-Jan-2016 Planned Mid Term Review Date 21-Oct-2013 Last Archived ISR Date 26-Dec-2012 Effectiveness Date 15-Dec-2011 Revised Closing Date 31-Jan-2018 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The project objective is to improve energy efficiency in Industrial Enterprises (IEs) by designing and establishing a financing mechanism for energy saving investments. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Component A - Development of Energy Efficiency Capacity 1.00 Component B - Credit Line to Participating Banks (PBs) 24.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Satisfactory Satisfactory Public Disclosure Copy Overall Implementation Progress (IP) Overall Risk Rating Moderate Moderate Implementation Status Overview The three Participating Banks (PBs) have made significant progress in identifying and preparing sub-projects for financing. There are 26 energy efficiency sub-projects that have been prepared by 17 beneficiaries and the PBs amounting to around US$28.0 million. Of the US$25 million of the original credit proceeds, US$21 million is being used to finance the 26 sub-projects (the other US$7 million is co-financed by the PBs and sub-borrowers). Locations Page 1 of 4 The World Bank Report No: ISR11016 Country First Administrative Division Location Planned Actual Uzbekistan Navoiy Navoiy Province ✔ Public Disclosure Copy Uzbekistan Toshkent Shahri Tashkent ✔ Uzbekistan Toshkent Bekobod ✔ Uzbekistan Andijon Viloyati Andijon ✔ Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Leveraged amount of EE Investments Amount(USD) Value 0.00 28000000.00 83125000.00 Date 17-Jun-2010 16-Aug-2013 31-Jan-2018 Comments One sub-project implementation was moved to the Additional Financing due to the increased estimation of the capital expenditures required. Cumulative Annual Energy Consumption Megawatt hour Value 0.00 55000.00 227000.00 savings (MWh) Date 17-Jun-2010 16-Aug-2013 31-Jan-2018 Comments + 30 million cubic meters of gas, which is equal to 310 000 MWh. This EE savings estimation based on business plans and feasibility studies prepared by sub-borrowers and confirmed by certified energy auditors/ Public Disclosure Copy design institute. Cumulative CO2 Emission Reductions Metric ton Value 92699.30 470000.00 Date 16-Aug-2013 31-Jan-2018 Comments This CO2 reduction estimation based on business plans and feasibility studies prepared by sub-borrowers. CO2 Emission Reduction Coefficient is 571g/kWh, www.mineconomy.uz/cdm Page 2 of 4 The World Bank Report No: ISR11016 Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target EE Strategy for IEs Text Value Not developed Completed Completed Public Disclosure Copy Date 17-Jun-2010 16-Aug-2013 31-Dec-2013 Comments Establishment and Operation of PCU Text Value Not established Established Established Date 17-Jun-2010 16-Aug-2013 15-Dec-2011 Comments EE Communication Strategy Text Value Not developed In Progress Completed Date 16-Aug-2013 31-Dec-2015 Comments 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 P118737 IDA-47450 Effective 17-Jun-2010 18-Aug-2011 15-Dec-2011 31-Jan-2016 31-Jan-2016 P118737 IDA-52410 Not Effective 26-Apr-2013 18-Jul-2013 31-Jan-2018 31-Jan-2018 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P118737 IDA-47450 Effective XDR 16.50 16.50 0.00 8.05 8.45 49.00 P118737 IDA-52410 Not Effective XDR 66.10 66.10 0.00 0.00 66.10 0.00 Disbursement Graph Public Disclosure Copy Page 3 of 4 The World Bank Report No: ISR11016 Public Disclosure Copy Key Decisions Regarding Implementation The Ministry of Economy and the PBs are keen to speed up the effectiveness of the Additional Financing in order to meet the growing demand. The Bank team expects effectiveness of the Additional Financing by end of September 2013. Restructuring History There has been no restructuring to date. Related Projects P133633-Additional Financing Energy Efficiency - Industrial Enterprises Public Disclosure Copy Page 4 of 4