Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) Energy Efficiency Project (P116680) EUROPE AND CENTRAL ASIA | Armenia | Energy & Extractives Global Practice | Global Environment Project | Specific Investment Loan | FY 2012 | Seq No: 7 | ARCHIVED on 27-Oct-2015 | ISR20948 | Implementing Agencies: Key Dates Key Project Dates Board Approval date:27-Mar-2012 Effectiveness Date:10-Aug-2012 Planned Mid Term Review Date:09-Jul-2014 Actual Mid-Term Review Date:17-Jul-2014 Original Closing Date:30-Jun-2015 Revised Closing Date:30-Jun-2016 Global Environmental Objectives Global Environmental Objective (from Project Appraisal Document) The project development objective is to reduce energy consumption of social and other public facilities. The global environmental objective is to decrease greenhouse gas emissions through the removal of barriers to the implementation of energy efficiency investments in the public sector. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Name Energy efficiency investments in public facilities:(Cost $6.00 M) Technical assistance:(Cost $1.96 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of GEO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions The project implementation has significantly accelerated in the past twelve months. Since project effectiveness, 38 sub-projects (79 public facilities) 10/27/2015 Public Disclosure Copy Page 1 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) were completed and commissioned with total investment of US$2.9 million and actual energy savings ranging from 27 to 80%. In addition, 19 sub- projects with total investment of US$5.8 million are under various stages of procurement or construction. These 57 sub-projects are estimated to result in lifetime energy savings of about 450 GWh and CO2 emission reduction of about 112,165 tons exceeding the targets energy saving and greenhouse gas emission targets set for project closure. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  Moderate  Moderate Fiduciary  --  Moderate  Moderate Environment and Social  --  Low  Low Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Moderate  Moderate Results Global Environmental Objective Indicators 10/27/2015 Public Disclosure Copy Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) PHINDGEOTBL CO2 emission reductions in retrofitted social and other public facilities through energy efficiency investments(Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 27396.00 112165.00 50549.00 Date 03-Jul-2012 16-Mar-2015 24-Sep-2015 30-Jun-2016 PHINDGEOTBL  Energy savings in retrofitted social and other public facilities(Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 103.29 450.33 215.69 Date 03-Jul-2012 16-Mar-2015 24-Sep-2015 30-Jun-2016 Overall Comments Intermediate Results Indicators PHINDIRITBL  Regulations, legislative amendments, guidelines to further promote energy efficiency (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 03-Jul-2012 16-Mar-2015 24-Sep-2015 30-Jun-2016 PHINDIRITBL  Number of public sector projects commissioned (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 44.00 79.00 85.00 Date 03-Jul-2012 16-Mar-2015 24-Sep-2015 30-Jun-2016 10/27/2015 Public Disclosure Copy Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) PHINDIRITBL  Cumulative investments in social and other public facilities (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 8677793.00 8904844.00 6000000.00 Date 03-Jul-2012 16-Mar-2015 24-Sep-2015 30-Jun-2016 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P116680 TF-12163 Effective USD 1.82 1.82 0.00 1.48 0.34 81% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P116680 TF-12163 Effective 20-Apr-2012 20-Apr-2012 10-Aug-2012 30-Jun-2015 30-Jun-2016 Cumulative Disbursements 10/27/2015 Public Disclosure Copy Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) Restructuring History Level 2 Approved on 16-Mar-2015 Related Project(s) There are no related projects. 10/27/2015 Public Disclosure Copy Page 5 of 5