The World Bank Report No: ISR9761 Implementation Status & Results Cape Verde CAPE VERDE - Recovery and Reform of the Electricity Sector Project (P115464) Public Disclosure Copy Operation Name: CAPE VERDE - Recovery and Reform of the Electricity Project Stage: Implementation Seq.No: 2 Status: ARCHIVED Archive Date: 27-Mar-2013 Sector Project (P115464) Country: Cape Verde Approval FY: 2012 Product Line: IBRD/IDA Region: AFRICA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Unidade de Gestao de Projectos Especiais Key Dates Board Approval Date 19-Jan-2012 Original Closing Date 30-Sep-2016 Planned Mid Term Review Date 22-Sep-2014 Last Archived ISR Date 27-Jun-2012 Effectiveness Date 23-May-2012 Revised Closing Date 30-Sep-2016 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The proposed main development objectives of the Recovery and Reform of the Electricity Sector Project (RRESP) are to increase electricity generation in the Islands of Sao Vicente and Santiago and to assist ELECTRA to reduce electricity losses in Santiago Island. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Component 1. Priority Investments in Electricity and Water 42.50 Component 2. Support ELECTRA’s Loss Reduction Plan 6.00 Component 3. Support ELECTRA’s Reform and Sector Governance 1.50 Component 4. Project implementation, communication and monitoring and evaluation 3.00 Public Disclosure Copy Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Implementation Status Overview The project was approved by the Board on January 19, 2012, declared effective on May 23, 2012. Major procurement activities are ongoing. Page 1 of 5 The World Bank Report No: ISR9761 Locations Country First Administrative Division Location Planned Actual Cape Verde Sao Vicente Concelho de Sao Vicente ✔ Public Disclosure Copy Cape Verde Praia Concelho da Praia ✔ Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Electricity generated, net in Sao Vicente island Gigawatt-hour Value 66.01 85.10 97.00 (GWh) Date 31-Dec-2012 Comments For CY 2012, includes wind generation. Electricity generated, net in Santiago island Gigawatt-hour Value 198.52 215.10 267.77 (GWh) Date 31-Dec-2012 Sub Type Comments For CY 2012, includes wind Breakdown generation. Electricity system losses per year in Santiago Percentage Value 35.40 37.00 18.20 Island, total Date 31-Dec-2012 Comments Reflects the lack of progress on the part of ELECTRA with regard to implementation of a loss reduction plan. Direct project beneficiaries Number Value 316107.00 0.00 335534.00 Date 01-Mar-2013 Comments procurement for physical investment ongoing. No impact on beneficiaries before Public Disclosure Copy completion of the work. Female beneficiaries Percentage Value 52.00 0.00 52.00 Sub Type Supplemental Intermediate Results Indicators Page 2 of 5 The World Bank Report No: ISR9761 Indicator Name Core Unit of Measure Baseline Current End Target Electricity Collection Rate in Santiago Island Percentage Value 93.08 97.60 96.27 (Component 3) Date 31-Dec-2012 Public Disclosure Copy Comments The government has taken important and long awaited legislative measures to improve revenue collection from municipalities and private consumers. Average Interruption Duration (AID) in Praia Hours Value 69.67 48.73 (Component 3) Date 31-Dec-2012 Comments Data not yet available for 2012. Will be monitored as part of the performance contract audit. Sector Financial and Performance Monitoring Yes/No Value No No Yes in Place Date Comments Auditor for the performance contract selected. Increased generation capacity in the Island of Megawatt Value 0.00 0.00 5.50 Sao Vicente (Component 1) Date Comments Procurement ongoing Increased generation capacity in the Island of Megawatt Value 0.00 20.00 Santiago (Component 1) Sub Type Date Breakdown Comments Procurement for Palmarejo expansion ongoing Additional water storage capacity in Praia Cubic Meter(m3) Value 0.00 0.00 3000.00 (Component 1) Date 31-Dec-2012 Comments Reservoir under construction Public Disclosure Copy Reduction in the variable costs of electricity Percentage Value 0.00 17.00 generated in Santiago island (Component 1) Date Comments No project impact as long as new power plant not in operation Percentage of network metered (at the feeder Percentage Value 0.00 0.00 100.00 level) in order to implement the loss reduction Date plan (Component 2) Comments Page 3 of 5 The World Bank Report No: ISR9761 Residential meters installed in Praia (of which Number Value 0.00 0.00 16000.00 prepaid) (Component 2) Date 31-Dec-2012 Comments Of which prepaid: 0 (baseline) Public Disclosure Copy and 3000 (end target) Overall energy losses (ELECTRA wide) Percentage Value 26.70 28.70 16.30 (Component 3) Date 31-Dec-2012 Comments Reflects the lack of progress on the part of ELECTRA with regard to implementation of a loss reduction plan. Data on Financial Performance (as of 20-Sep-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P115464 IBRD-81150 Effective 19-Jan-2012 03-Feb-2012 23-May-2012 30-Sep-2016 30-Sep-2016 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P115464 IBRD-81150 Effective USD 53.50 53.50 0.00 1.36 52.10 3.00 Disbursement Graph Public Disclosure Copy Page 4 of 5 The World Bank Report No: ISR9761 Key Decisions Regarding Implementation NA Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Public Disclosure Copy Page 5 of 5