The World Bank Report No: ISR8208 Implementation Status & Results Poland Energy Efficiency GEF Project (P070246) Public Disclosure Copy Operation Name: Energy Efficiency GEF Project (P070246) Project Stage: Implementation Seq.No: 13 Status: ARCHIVED Archive Date: 28-Oct-2012 Country: Poland Approval FY: 2005 Product Line: Global Environment Project Region: EUROPE AND CENTRAL ASIA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Bank Gospodarstwa Krajowego, Ministry of Economy, MPEC Key Dates Board Approval Date 14-Oct-2004 Original Closing Date 30-Jun-2011 Planned Mid Term Review Date 21-Aug-2006 Last Archived ISR Date 07-Jul-2012 Effectiveness Date 18-Mar-2005 Revised Closing Date 31-Oct-2012 Actual Mid Term Review Date 21-Aug-2007 Global Environmental Objectives Global Environmental Objective (from Project Appraisal Document) The objective of the proposed project is to increase public and private sector investments in energy efficiency in buildings. The project will achieve this by: 1) Overcoming the risk barriers in the financial markets inhibiting commercial bank participation in energy efficiency project financing; 2) Demonstrating the feasibility of packaged investments in higher-cost energy efficiency measures in buildings and increasing acceptance of energy performance contracting mechanisms in Poland; and 3) Stimulating the demand for energy efficiency services in the buildings sector and increasing awareness and capacity of commercial banks to originate and implement loan transactions for EE investments. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost PARTIAL RISK GUARANTEE 0.05 CAPITAL COST GRANT 2.10 TECHNICAL ASSISTANCE 3.05 Public Disclosure Copy TM Investments Component 5.80 Overall Ratings Previous Rating Current Rating Progress towards achievement of GEO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Implementation Status Overview All of the project activities have been finalized including a number of studies related to EE barrier removal at the national level Page 1 of 4 The World Bank Report No: ISR8208 Locations No Location data has been entered Public Disclosure Copy Results Global Environmental Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Volume of transactions involving debt financing Amount(USD) Value 210000000.00 3000000000.00 2075000000.00 to EE projects in Poland Date 01-Feb-2005 30-Sep-2012 31-Oct-2012 Comments This is based on estimates by monitoring consultants Number of ESCO projects in public sector Number Value 0.00 38.00 30.00 institutions financed over capital grant including Date 01-Feb-2005 30-Sep-2012 31-Oct-2012 higher cost EE measures Comments Result achieved. EE This indicator is not among upgrades in 29 schools and 9 the revised PDO indicators. It other public buildings in is included here to Krakow were the results of demonstrate the significance the capital grant project of the ESCO component Number of transactions relating to EE projects Number Value 3195.00 28115.00 28070.00 and ESCOs in Poland Date 01-Feb-2005 30-Sep-2012 31-Oct-2012 Comments This is based on estimates by monitoring consultants Number of EE/ESCO projects larger than Number Value 151.00 1830.00 1785.00 $250,000 Date 01-Feb-2005 30-Sep-2012 31-Oct-2012 Comments This is based on estimates by monitoring consultants Number of Polish EE businesses Number Value 452.00 1415.00 1400.00 Date 01-Feb-2005 30-Sep-2012 31-Oct-2012 Public Disclosure Copy Comments This is based on estimates by monitoring consultants Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Total investment in EE supported by TM loans Amount(USD) Value 276000000.00 3128000000.00 2834000000.00 Date 30-Jun-2004 30-Sep-2012 31-Oct-2012 Comments From BGK TM Fund monitoring report Page 2 of 4 The World Bank Report No: ISR8208 Total investment directly leveraged by TM Amount(USD) Value 0.00 58500000.00 58500000.00 Grant Facility Date 30-Jun-2004 30-Sep-2012 30-Jun-2012 Comments Estimate by team Public Disclosure Copy Energy savings resulting from TM loans (GWh/ Number Value 324.00 3674.00 3328.00 y) Date 30-Jun-2004 30-Sep-2012 31-Oct-2012 Comments From BGK TM Fund monitoring report Energy savings directly leveraged by TM Grant Number Value 0.00 65.00 68.00 Facility (GWh/y) Date 30-Jun-2004 30-Sep-2012 31-Oct-2012 Comments Estimate by team Emission reductions resulting from TM loans Number Value 125.00 1414.00 1281.00 (1000 tCO2) Date 30-Jun-2004 30-Sep-2012 31-Oct-2012 Comments From BGK TM Fund monitoring report Emission reductions directly leveraged by TM Number Value 0.00 25.00 26.00 Grant Facility (1000 tCO2) Date 30-Jun-2004 30-Sep-2012 31-Oct-2012 Comments Estimate by team Data on Financial Performance (as of 04-Oct-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P070246 TF-54104 Effective 22-Nov-2004 22-Nov-2004 18-Mar-2005 30-Jun-2011 31-Oct-2012 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P070246 TF-54104 Effective USD 11.00 11.00 0.00 11.00 0.00 100.00 Public Disclosure Copy Disbursement Graph Page 3 of 4 The World Bank Report No: ISR8208 Public Disclosure Copy Key Decisions Regarding Implementation The project will close on October 31, 2012 and the work on an Implementation Completion and Results Report will start. Restructuring History Level two Approved on 28-Apr-2011, Level two Approved on 24-May-2011, Level two Approved on 04-Jun-2012 Related Projects There are no related projects. Public Disclosure Copy Page 4 of 4