The World Bank Report No: ISR2118 Implementation Status & Results Brazil Public Disclosure Copy Reforestation with Native Species around AES-Tiete Reservoirs (P096337) Operation Name: Reforestation with Native Species around AES-Tiete Project Stage: Implementation Seq.No: 1 Status: ARCHIVED Last Modified Date: 11-Feb-2011 Reservoirs (P096337) Country: Brazil Approval FY: 2011 Product Line: Carbon Offset Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Implementing Agency(ies): AES Tiete Key Dates Board Approval Date 29-Sep-2010 Original Closing Date 31-Dec-2013 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 29-Sep-2010 Revised Closing Date 31-Dec-2013 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The Reforestation Using Native Species Around AES TietReservoirs Project aims to reforest with native tree species, an area of approximately 2,500 ha to deliver 400,000 ERs to the BioCF by 2011. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Reforestation 7.50 Overall Ratings Previous Rating Current Rating Public Disclosure Copy Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Implementation Status Overview Following successful preparation, an Emission Reduction Purchase Agreement (ERPA) for the project in reference has been signed on September 29, 2010. On January 07, 2011, the project has reached another milestone in that it has been officially registered under the Clean Development Mechanism (CDM) of the United Nations Framework Convention on Climate Change (UNFCCC). The next milestone is the CDM required verification of the emission reductions generated by the project which is scheduled for the first half of CY 2011. Results Page 1 of 3 The World Bank Report No: ISR2118 Project Development Objective Indicators Public Disclosure Copy Indicator Baseline Current End Target Indicator Name Value Value Value Delivery of Emission Reductions (ERs), here, temporary Certified 0.00 247596.00 300000.00 Emission Reductions (tCERs) Date Date Date 01-Jan-2001 22-Nov-2010 31-Dec-2010 Type Unit of Measure Comment Comment Comment Custom Indicator Metric ton No reforestation Ex-ante estimation as of Actual ER value tbd during 11/22/2010 upcoming CDM verification Intermediate Results Indicators Indicator Baseline Current End Target Indicator Name Value Value Value Area reforested 0.00 2709.00 2800.00 Date Date Date 01-Jan-2001 22-Nov-2010 31-Dec-2011 Type Unit of Measure Comment Comment Comment Custom Indicator Hectare(Ha) No reforstation Reforestation of 2709ha In case the already planted 2709ha cannot deliver the agreed 300,000tCOte, some additional ha would presumably have to be planted during CY 2011. The CDM required verification will clarify the actual ER delivery amount. Data on Financial Performance (as of 03-Feb-2011) Financial Agreement(s) Key Dates Public Disclosure Copy Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P096337 TF-93023 Effective 29-Sep-2010 29-Sep-2010 29-Sep-2010 31-Dec-2013 Key Decisions Regarding Implementation Project is performing well. No further key decisions at this point. Restructuring History There has been no restructuring to date. Related Projects Page 2 of 3 The World Bank Report No: ISR2118 There are no related projects. Public Disclosure Copy Public Disclosure Copy Page 3 of 3