The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) Eskom Investment Support Project (P116410) AFRICA | South Africa | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2010 | Seq No: 16 | ARCHIVED on 18-Apr-2019 | ISR34979 | Implementing Agencies: ESKOM Holdings SOC Limited, Department of Public Enterprises, ESKOM Key Dates Key Project Dates Bank Approval Date: 08-Apr-2010 Effectiveness Date: 31-May-2010 Planned Mid Term Review Date: 16-Jun-2014 Actual Mid-Term Review Date: 30-Jun-2014 Original Closing Date: 31-Oct-2015 Revised Closing Date: 31-Dec-2019 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective (PDO) of the Eskom Investment Support Project for South Africa is to enhance its power supply andenergy security in an efficient and sustainable manner so as to support both economic growth objectives and South Africa's longterm carbon mitigation strategy. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Medupi Power Plant:(Cost $2380.85 M) Renewable energy (Sere Wind Farm and Battery Storage Program):(Cost $267.83 M) Support for low carbon energy efficiency comps., comprising the Majuba Railway for coal transportation & TA prog. for energy efficie ncy:(Cost $415.77 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating High High Implementation Status and Key Decisions The project has faced implementation issues for most of the past five years, and Eskom's operational performance has deteriorated, especially over the past year. Although several implementation issues remain, including boiler latent defects, there has been reasonable progress in improving implementation progress: the renewable energy component which was at standstill is now progressing, with a change in one of the sub- components from Concentrating Solar Power to Battery Storage; issues of governance and poor internal controls are being addressed; and although slow, there is some progress in addressing the boiler latent defects, and in preparing for retrofitting the Medupi units with Flue Gas Desulphurization. 4/18/2019 Page 1 of 9 The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) 4/18/2019 Page 2 of 9 The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) 4/18/2019 Page 3 of 9 The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) 4/18/2019 Page 4 of 9 The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Substantial Substantial Sector Strategies and Policies -- Substantial Substantial Technical Design of Project or Program -- High High Institutional Capacity for Implementation and Sustainability -- High High Fiduciary -- Moderate Substantial Environment and Social -- Substantial Substantial Stakeholders -- High High Other -- -- -- Overall -- High High Results PDO Indicators by Objectives / Outcomes Enhance power supply and energy security IN00685146 4/18/2019 Page 5 of 9 The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) ►Generation capacity installed and commissioned (Medupi) (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 3,200.00 4,800.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 IN00685147 ►Generation capacity installed and commissioned from renewable energy (Sere Wind Farm) (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 100.00 100.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 Support longterm carbon mitigation strategy IN00685089 ►Direct CO2 emissions avoided under the project (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 271,000.00 238,000.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 Intermediate Results Indicators by Components Medupi Power Plant IN00685090 ►Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 2,300,000.00 4,584,283.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 IN00685148 Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 50.00 -- 50.00 50.00 IN00685135 ►Quarterly Medupi Environmental Monitoring Committee meetings held and minutes distributed. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 31-Mar-2009 -- 29-Mar-2019 31-Dec-2019 IN00685138 4/18/2019 Page 6 of 9 The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) ►Medupi construction progress rate towards completion (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 90.00 100.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 IN00685140 ►Number of units synchronized (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 4.00 6.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 IN00685142 ►Transmission lines completed (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 635.00 1,034.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 IN00685144 ►Transmission lines progress rate towards completion (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 91.00 100.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 IN00685145 ►Number of units handed over to commercial operations (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 3.00 6.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 Renewable energy (Sere Wind Farm and Battery Storage) IN00685132 ►Number of wind turbines erected (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 46.00 46.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 IN00685137 ►Progress rate towards completion (Sere Wind Farm) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 4/18/2019 Page 7 of 9 The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) Value 0.00 -- 100.00 100.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 Support for low carbon energy efficiency comps., comprising the Majuba Railway for coal transportation & TA prog. for energy efficie ncy IN00685133 ►Progress rate towards completion for Majuba rail project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 90.00 100.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 IN00685136 ►Number of studies for power plant efficiency improvements completed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 7.00 7.00 Date 31-Mar-2009 -- 19-Feb-2019 31-Dec-2019 IN00685139 ►Project generation capacity savings (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 2,303.00 3,171.00 Date 31-Mar-2009 -- 27-Nov-2018 31-Dec-2019 IN00685141 ►Majuba coal transportation cost (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 93.00 110.00 110.00 20.00 Date 31-Mar-2009 01-Feb-2018 19-Feb-2019 31-Dec-2018 IN00685143 ►Energy Storage Capacity Installed and Commissioned (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 -- 1.00 200.00 Date 27-Nov-2018 -- 19-Feb-2019 31-Dec-2020 Data on Financial Performance Disbursements (by loan) 4/18/2019 Page 8 of 9 The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P116410 IBRD-78620 Effective USD 3,750.00 3,750.00 0.00 3,057.61 692.39 82% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P116410 IBRD-78620 Effective 08-Apr-2010 16-Apr-2010 31-May-2010 31-Oct-2015 31-Dec-2019 Cumulative Disbursements Restructuring History Level 2 Approved on 11-Dec-2014 ,Level 2 Approved on 07-Jul-2015 ,Level 2 Approved on 07-Dec-2018 Related Project(s) There are no related projects. 4/18/2019 Page 9 of 9