Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) CL Technical Assistance for Geothermal Development in Chile (P152820) LATIN AMERICA AND CARIBBEAN | Chile | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2017 | Seq No: 1 | ARCHIVED on 13-Dec-2016 | ISR25964 | Implementing Agencies: Ministry of Energy Key Dates Key Project Dates Bank Approval Date:12-Oct-2016 Effectiveness Date:-- Original Closing Date:-- Revised Closing Date:-- Project Development Objectives Project Development Objective (from Project Appraisal Document) Assist the Government of Chile to improve geothermal energy market conditions by removing key barriers, leading to sustainable investments in this sector. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Satisfactory Overall Implementation Progress (IP)  --  Satisfactory Implementation Status and Key Decisions Project start-up activities are underway, while the team is working with the Government to achieve project effectiveness. Risks 12/13/2016 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  --  --  Low Comments The project risk is low as this is a demand driven technical assistance which is much needed by the Renewable Division of the Ministry of Energy. The studies were identified and thoroughly discussed with the Ministry, so low risk is foreseen. Results Project Development Objective Indicators PHINDPDOTBL Greater exploration of geothermal resources through the drilling of wells (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 7.00 -- 7.00 11.00 Date 12-Oct-2016 -- 07-Nov-2016 30-Jun-2020 PHINDPDOTBL Submission for Legislative approval of law and/or revised policies necessary for providing greater regulatory clarity to investors (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 12-Oct-2016 -- 07-Nov-2016 30-Jun-2020 PHINDPDOTBL A framework designed to mobilize risk capital toward geothermal exploration (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 12-Oct-2016 -- 07-Nov-2016 30-Jun-2020 Overall Comments 12/13/2016 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) Intermediate Results Indicators PHINDIRITBL Review and recommendation report for geothermal concession framework (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 12-Oct-2016 -- 07-Nov-2016 30-Jun-2020 PHINDIRITBL Stakeholder awareness consultations held (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 2.00 Date 12-Oct-2016 -- 07-Nov-2016 30-Jun-2020 PHINDIRITBL Study on integration of geothermal in electricity market completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 12-Oct-2016 -- 07-Nov-2016 30-Jun-2020 PHINDIRITBL Recommendation made for risk mitigation solutions based on global solutions tailored for Chile (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 12-Oct-2016 -- 07-Nov-2016 30-Jun-2020 12/13/2016 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) PHINDIRITBL Study on alternate uses of geothermal in Chile (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 12-Oct-2016 -- 07-Nov-2016 30-Jun-2020 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Cumulative Disbursements 12/13/2016 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/13/2016 Page 5 of 5 Public Disclosure Copy