The World Bank Report No: ISR7161 Implementation Status & Results Uzbekistan Energy Efficiency Facility for Industrial Enterprises (P118737) Public Disclosure Copy Operation Name: Energy Efficiency Facility for Industrial Enterprises (P118737) Project Stage: Implementation Seq.No: 3 Status: ARCHIVED Archive Date: 26-Dec-2012 Country: Uzbekistan Approval FY: 2010 Product Line: IBRD/IDA Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key Dates Board Approval Date 17-Jun-2010 Original Closing Date 31-Jan-2016 Planned Mid Term Review Date 23-Sep-2013 Last Archived ISR Date 19-Feb-2012 Effectiveness Date 15-Dec-2011 Revised Closing Date 31-Jan-2016 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The pilot project objective is to improve energy efficiency in Industrial Enterprises (IEs) by designing and establishing a financing mechanism for energy saving investments. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Component A - Development of Energy Efficiency Capacity 1.00 Component B - Credit Line to Participating Banks (PBs) 24.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Satisfactory Public Disclosure Copy Overall Implementation Progress (IP) Moderately Satisfactory Satisfactory Overall Risk Rating NA Moderate Implementation Status Overview The Participating Banks (PBs), beneficiaries, and the Ministry of Economy have achieved significant progress in the last six months of project implementation. There are 14 energy efficiency sub-projects under development by beneficiaries and the PBs amounting to around $30.0 mln. More than $ 15 mln of the energy efficiency facility (UZEEF) has already been committed, that is, more than 60% ofthe total Credit amount. To date, 22.86% of the Credit has already disbursed. Implementation of these sub-projects will allow saving more than 30 million cubic meters of natural gas and 25 GWh of electricity annually, about 6 billion Uzbek soums ($1=UZS 2000). Locations Page 1 of 3 The World Bank Report No: ISR7161 Country First Administrative Division Location Planned Actual Uzbekistan Not Entered Republic of Uzbekistan Public Disclosure Copy Uzbekistan Toshkent Shahri Tashkent Uzbekistan Andijon Viloyati Andijon Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Leveraged amount of EE Investments Amount(USD) Value 0.00 30000000.00 34600000.00 Date 17-Jun-2010 30-Sep-2012 29-Jan-2016 Comments Cumulative Annual Energy Consumption Megawatt hour Value 0.00 27000.00 50000.00 savings (MWh) Date 17-Jun-2010 30-Sep-2012 29-Jan-2016 Comments Cumulative CO2 Emission Reductions Metric ton Value 70000.00 150000.00 Date 30-Sep-2012 29-Jan-2016 Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target EE Strategy for IEs Text Value Not developed In progress Completed Date 17-Jun-2010 30-Nov-2012 31-Dec-2013 Comments Establishment and Operation of PCU Text Value Not established Established Established Public Disclosure Copy Date 17-Jun-2010 12-Jan-2012 15-Dec-2011 Comments EE Communication Strategy Text Value Not developed Not developed Completed Date 30-Nov-2012 31-Dec-2015 Comments Data on Financial Performance (as of 09-Oct-2012) Financial Agreement(s) Key Dates Page 2 of 3 The World Bank Report No: ISR7161 Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P118737 IDA-47450 Effective 17-Jun-2010 18-Aug-2011 15-Dec-2011 31-Jan-2016 31-Jan-2016 Disbursements (in Millions) Public Disclosure Copy Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P118737 IDA-47450 Effective XDR 16.50 16.50 0.00 3.77 12.73 23.00 Disbursement Graph Key Decisions Regarding Implementation The Ministry of Economy and PBs are keen to scale up the project in order to meet the growing demand for UZEEF sources. The Bank team expects to receive a request for an additional financing shortly. Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Projects P133633-Additional Financing Energy Efficiency - Industrial Enterprises Page 3 of 3