The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) DJ Geothermal Power Generation Project (P127143) MIDDLE EAST AND NORTH AFRICA | Djibouti | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2013 | Seq No: 11 | ARCHIVED on 28-Dec-2018 | ISR35386 | Implementing Agencies: Ministry of Economy and Finance, EDD Key Dates Key Project Dates Bank Approval Date: 05-Jun-2013 Effectiveness Date: 02-Jul-2014 Planned Mid Term Review Date: 11-Dec-2017 Actual Mid-Term Review Date: 11-Dec-2017 Original Closing Date: 31-Dec-2018 Revised Closing Date: 30-Jun-2019 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to assist the Recipient in assessing the commercial viability of the geothermal resource in Fiale Caldera within the Lake Assal region. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1 - Drilling Program:(Cost $27.80 M) Component 2 - Technical Assistance:(Cost $1.80 M) Component 3 - Operating Costs of the Program Management Unit:(Cost $1.60 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Djibouti Geothermal Power Generation Project supports a US$ 48.53 million exploratory well drilling program financed by seven donors, including the World Bank. The drilling program will follow a pre-approved test protocol and yield certified results for a potential subsequent project meant at offering the geothermal resource to a competitively selected Independent Power Producer. The project has been progressing satisfactorily since the start of drilling operations on the Fiale Caldera site in July 17, 2018. The first well has been drilled completely until a measured depth of 2,750 meters (2,500 meters vertical depth). The second well has reached a measured depth of 2,080 meters and is expected to be completed shortly. 12/28/2018 Page 1 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) 12/28/2018 Page 2 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) 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 -- Substantial Substantial Institutional Capacity for Implementation and Sustainability -- Substantial Substantial Fiduciary -- Substantial Substantial Environment and Social -- Moderate Moderate Stakeholders -- Moderate Moderate Other -- Moderate Moderate Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes Assist Djibouti in assessing the commercial viability of the geothermal resource in Fiale Caldera IN00655365 ►Greenhouse Gas Emissions Avoided (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 390,358.00 Date 05-Jun-2013 -- 17-Dec-2018 31-Dec-2018 IN00655401 ►Develop a fully-fledged power generation feasibility study (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target No study has been Value No study has been done -- Study completed done 12/28/2018 Page 3 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) Date 05-Jun-2013 -- 17-Dec-2018 31-Dec-2018 IN00655402 ►Publish periodic updates of project implementation (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target All periodic updates All periodic updates Value None -- published published Date 05-Jun-2013 -- 17-Dec-2018 31-Dec-2018 IN00655403 ►Geothermal well test protocol developed and in place (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 05-Jun-2013 -- 17-Dec-2018 31-Dec-2018 IN00655406 ►Well test results independently reviewed and certified (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 05-Jun-2013 -- 17-Dec-2018 31-Dec-2018 Intermediate Results Indicators by Components Component 1 - Drilling Program IN00604367 ►Number of wells drilled (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 2.00 4.00 Date 26-Apr-2013 29-May-2018 17-Dec-2018 31-Dec-2018 Component 2 - Technical Assistance IN00604368 ►Joint missions by donors (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 5.00 5.00 4.00 Date 26-Apr-2013 29-May-2018 17-Dec-2018 31-Dec-2018 Component 3 - Operating Costs of the Program Management Unit IN00657086 12/28/2018 Page 4 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) ►Access to the site is constructed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 26-Apr-2013 -- 17-Dec-2018 31-Dec-2018 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P127143 IDA-52620 Effective USD 6.00 6.00 0.00 5.50 0.09 98% P127143 TF-14757 Effective USD 6.04 6.04 0.00 5.81 0.23 96% P127143 TF-14765 Effective USD 1.10 1.10 0.00 0.00 1.10 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P127143 IDA-52620 Effective 05-Jun-2013 13-Oct-2013 02-Jul-2014 31-Dec-2018 31-Dec-2018 P127143 TF-14757 Effective 13-Oct-2013 13-Oct-2013 02-Jul-2014 31-Dec-2018 31-Dec-2018 P127143 TF-14765 Effective 13-Oct-2013 13-Oct-2013 02-Jul-2014 30-Jun-2018 30-Jun-2019 Cumulative Disbursements 12/28/2018 Page 5 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) Restructuring History Level 2 Approved on 20-Oct-2014 ,Level 2 Approved on 22-Sep-2015 ,Level 2 Approved on 26-Jun-2018 Related Project(s) There are no related projects. 12/28/2018 Page 6 of 6