Public Disclosure Copy The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Bangladesh Ghorashal Unit 4 Repowering Project (P128012) SOUTH ASIA | Bangladesh | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2016 | Seq No: 2 | ARCHIVED on 19-Oct-2016 | ISR23374 | Implementing Agencies: Bangladesh Power Development Board Key Dates Key Project Dates Bank Approval Date:21-Dec-2015 Effectiveness Date:15-May-2016 Planned Mid Term Review Date:05-Dec-2018 Actual Mid-Term Review Date:-- Original Closing Date:31-Mar-2022 Revised Closing Date:31-Mar-2022 Project Development Objectives Project Development Objective (from Project Appraisal Document) PHPDO Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1: Re-powering of the Target Unit:(Cost $255.00 M) Component 2: Technical Assistance for Institutional Strengthening Support:(Cost $8.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Moderately Satisfactory Overall Risk Rating  Substantial  Moderate Implementation Status and Key Decisions The overall implementation of the project is going moderately well with the key EPC (Engineering, Procurement and Construction) contract signed on 10/19/2016 Page 1 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) June 06, 2016. However, there has been delays in effecting the contract. Although the advance payment (10%) has been made to the contractor and LC has been opened, the site is not yet ready for the hand-over to the contractor. There has been delays in hiring the Owner's Engineer as well. The project's evacuation need is reliant on the completion of PGCB’s network strengthening work (IDB funded) that includes 230KV GIS at Ghorashal and the transmission line from Ghorashal to Tongi. Due to the delay by PGCB to proceed on time with the implementation of their project, it will have an adverse knock on effect on the timely commissioning of the simple cycle operation of Unit 4 at Ghorashal. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  High  High  High Macroeconomic  Moderate  Moderate  Moderate Sector Strategies and Policies  Moderate  Moderate  Moderate Technical Design of Project or Program  Moderate  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Moderate Fiduciary  High  High  Substantial Environment and Social  Moderate  Moderate  Moderate Stakeholders  Low  Low  Low Other  --  --  -- Overall  Substantial  Substantial  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Generation Capacity of Conventional Generation constructed under the project (Megawatt, Core) Baseline Actual (Previous) Actual (Current) End Target Value 170.00 -- 170.00 400.00 10/19/2016 Page 2 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Date 30-Jun-2015 -- 01-Apr-2016 31-Dec-2021 PHINDPDOTBL  Projected lifetime fuel savings (Mega Joules (MJ), Core) Baseline Actual (Previous) Actual (Current) End Target 303000000000. Value 0.00 -- 0.00 00 Date 30-Jun-2015 -- 01-Apr-2016 31-Oct-2019 PHINDPDOTBL  Efficiency of the unit measured by gas consumption per GWh output (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 30.00 -- 30.00 53.00 Date 30-Jun-2015 -- 01-Apr-2016 31-Dec-2021 Overall Comments Intermediate Results Indicators PHINDIRITBL  Commissioning of Gas Turbine completed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target GT Value Not Commissioned Not Commissioned Not Commissioned Commissioned Date 30-Jun-2015 01-Apr-2016 01-Apr-2016 30-Dec-2017 10/19/2016 Page 3 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) PHINDIRITBL  Overhauling of existing Steam Turbine Generator completed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Not completed Not completed Not completed Completed Date 30-Jun-2015 01-Apr-2016 01-Apr-2016 30-Jun-2018 PHINDIRITBL  Strategic Business Unit (SBU) fully functional (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Partially functional: Bank account opened; financial Value Not yet fully functional Not yet fully functional SBU Functional power delegated; KPIs signed Date 30-Jun-2015 -- 01-Apr-2016 30-Nov-2017 PHINDIRITBL  Environment and Social Management Unit operational at Ghorashal (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Not operational Not yet operational Not yet operational Operational Date 30-Jun-2015 -- 01-Apr-2016 31-Dec-2016 PHINDIRITBL  GHG Emissions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 673.00 -- 673.00 374.00 Date 30-Jun-2015 -- 01-Apr-2016 31-Dec-2021 Overall Comments Data on Financial Performance 10/19/2016 Page 4 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P128012 IDA-57580 Effective XDR 155.40 155.40 0.00 12.61 142.79 8% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P128012 IDA-57580 Effective 21-Dec-2015 07-Apr-2016 15-May-2016 31-Mar-2022 31-Mar-2022 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 10/19/2016 Page 5 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) 10/19/2016 Page 6 of 6 Public Disclosure Copy