The World Bank Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) REPORT NO.: RES33213 DOCUMENT OF THE WORLD BANK RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING OF GREEN ENERGY SCHEMES FOR LOW-CARBON CITY IN SHANGHAI, CHINA APPROVED ON MARCH 20, 2013 TO GOVERNMENT OF THE PEOPLE'S REPUBLIC OF CHINA ENERGY & EXTRACTIVES EAST ASIA AND PACIFIC Regional Vice President: Victoria Kwakwa Country Director: Bert Hofman Senior Global Practice Director: Riccardo Puliti Practice Manager/Manager: Jie Tang Task Team Leader: Ximing Peng The World Bank Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) I. BASIC DATA Product Information Project ID Financing Instrument P127035 Investment Project Financing Original EA Category Current EA Category Financial Intermediary Assessment (F) Financial Intermediary Assessment (F) Approval Date Current Closing Date 20-Mar-2013 31-Dec-2018 Organizations Borrower Responsible Agency Changning District Government (Shanghai),Shanghai Government of the People's Republic of China Pudong Development Bank,Bank of Shanghai Project Development Objective (PDO) Original PDO The project development objectives are to pilot green energy schemes and scale up low-carbon investments in buildings in Shanghai, with a focus on Changning district. Summary Status of Financing Net Ln/Cr/Tf Approval Signing Effectiveness Closing Commitment Disbursed Undisbursed IBRD-82330 20-Mar-2013 14-Jun-2013 06-Sep-2013 31-Dec-2018 100.00 100.00 0 TF-14205 14-Jun-2013 14-Jun-2013 06-Sep-2013 31-Dec-2018 4.35 2.86 1.49 Policy Waiver(s) Does this restructuring trigger the need for any policy waiver(s)? No II. SUMMARY OF PROJECT STATUS AND PROPOSED CHANGES The World Bank Green Energy Schemes for Low-carbon City in Shanghai, China (P127035) The project restructuring is requested for Component 1 Technical Assistance and Incremental Support for Near Zero- Emission Building, financed by GEF grant, to reallocate the amounts of the Grant disbursement categories. Overall Implementation Progress of Component 1 (GEF): all project activities supported under GEF component are under implementation and part of the activities have been completed - a pilot near zero emission building has been constructed and put into operation, Changning district government has discussed building energy consumption disclosure policy, continuous support to building energy consumption platform has been provided, and more activities to support pilot low carbon practices have been launched. The PMO has launched the project completion review and associated dissemination activities considering the project will be closed on December 31, 2018. All GEF grant (total US$ 4.35 million) is expected to be disbursed by the closing date. Substantial cost savings were made for both the pilot near zero emission building (Disbursement Category 2) and operation costs (Disbursement Category 3). So Changing PMO proposes to use the cost savings to support other low carbon activities in Shanghai, including support to a second pilot near zero emission building, pilot low carbon communities in Changning district, and enhanced support to improve the building energy consumption platform. The proposal has been discussed with the Bank team, and we consider the reallocation could use the Grant more effectively and expand the impacts of the Project. This restructuring is supported by Shanghai Financial Bureau and Shanghai Development and Reform Commission, and a letter from the Ministry of Finance was received on June 15, 2018 to request for project restructuring. III. DETAILED CHANGES REALLOCATION BETWEEN DISBURSEMENT CATEGORIES Current Current Actuals + Proposed Disbursement % Ln/Cr/TF Expenditure Allocation Committed Allocation (Type Total) Category Current Proposed TF-14205- GDs/nonCS/CS/ 2,745,000.00 1,808,642.65 3,692,000.00 100.00 100 001 TR for Pt.1 Currency: Gree-Energy USD 1,500,000.00 511,181.31 600,000.00 100.00 100.00 Bld. Sub Grants Operating Costs 100,000.00 38,914.73 53,000.00 100.00 100.00 Total 4,345,000.00 2,358,738.69 4,345,000.00