Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) CL Technical Assistance for Geothermal Development in Chile (P152820) LATIN AMERICA AND CARIBBEAN | Chile | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2017 | Seq No: 5 | ARCHIVED on 31-May-2019 | ISR35181 | Implementing Agencies: Chilean International Cooperation Agency (AGCI), Ministry of Energy Key Dates Key Project Dates Bank Approval Date:12-Oct-2016 Effectiveness Date:24-Apr-2017 Original Closing Date:30-Jun-2020 Revised Closing Date:30-Jun-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) Assist the Government of Chile to improve geothermal energy market conditions by removing key barriers, leading to sustainable investments in this sector. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Moderately Satisfactory Implementation Status and Key Decisions The Project's implementation pace has slowed down due to the focus on preparing the proposal for modifications to the Law 19657 for geothermal concessions. The Law was submitted to Congress in April 2019. Given the priority of achieving this milestone, the implementation of other activities under the TA slightly slowed down. 5/31/2019 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  --  Low  Low Results Project Development Objective Indicators PHINDPDOTBL Greater exploration of geothermal resources through the drilling of wells (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 7.00 7.00 7.00 11.00 Date 12-Oct-2016 24-May-2018 17-Dec-2018 30-Jun-2020 PHINDPDOTBL Submission for Legislative approval of law and/or revised policies necessary for providing greater regulatory clarity to investors (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N Y Y Date 12-Oct-2016 24-May-2018 17-Apr-2019 30-Jun-2020 Comments The law was sent to Congress on April 17, 2019. PHINDPDOTBL A framework designed to mobilize risk capital toward geothermal exploration (Yes/No, Custom) 5/31/2019 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 12-Oct-2016 24-May-2018 17-Dec-2018 30-Jun-2020 Overall Comments Intermediate Results Indicators PHINDIRITBL Review and recommendation report for geothermal concession framework (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 12-Oct-2016 24-May-2018 17-Dec-2018 30-Jun-2020 PHINDIRITBL Stakeholder awareness consultations held (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4.00 13.00 2.00 Date 12-Oct-2016 24-May-2018 17-Dec-2018 30-Jun-2020 Comments A total of 13 workshops took place within the Geothermal Roundtable, which brought together the private sector industry, academia, NGOs and public authorities. 5/31/2019 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) PHINDIRITBL Study on integration of geothermal in electricity market completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 12-Oct-2016 24-May-2018 17-Dec-2018 30-Jun-2020 PHINDIRITBL Recommendation made for risk mitigation solutions based on global solutions tailored for Chile (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 12-Oct-2016 24-May-2018 17-Dec-2018 30-Jun-2020 PHINDIRITBL Study on alternate uses of geothermal in Chile (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N Y Y Date 12-Oct-2016 24-May-2018 17-Dec-2018 30-Jun-2020 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P152820 TF-A3726 Effective USD 1.78 1.78 0.00 0.71 1.07 40% Key Dates (by loan) 5/31/2019 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CL Technical Assistance for Geothermal Development in Chile (P152820) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P152820 TF-A3726 Effective 12-Oct-2016 08-Nov-2016 24-Apr-2017 30-Jun-2020 30-Jun-2020 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 5/31/2019 Page 5 of 5 Public Disclosure Copy