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Armenia - Second Geofund Geothermal Project (anglais)

Ratings for the Second Geofund Geothermal Project for Armenia were as follows: outcomes were satisfactory, risk to global environment outcome was low or negligible, Bank performance was satisfactory, and Borrower performance was satisfactory. Some lessons learned include: the project design should allow flexibility regarding the types of field investigation works that can be financed. Thus, if types of field investigation works are strictly prescribed, then a project restructuring will be required, which may delay implementation of the project due to the time required for restructuring and subsequent probability of missing the favorable weather conditions. Procurement of technically sophisticated geo-technical studies should be initiated as early as possible. Given the technically complex nature of some geo-technical studies and non- availability of specialized firms in the local market as well as possible limited interest of internationally renowned firms, it is advisable to start procurement of such studies as early as possible. Otherwise, the consultant selection might result in very few or no bids for such consultancy services, which may require rebidding and delay project implementation.

Information

  • Date du document

    2013/03/05

  • Type de document

    Bilan de fin d’exécution et de résultats

  • Numéro du rapport

    ICR2523

  • Volume

    1

  • Total Volume(s)

    1

  • Pays

    Arménie,

  • Région

    Europe et Asie centrale,

  • Date de publication

    2013/03/12

  • Disclosure Status

    Disclosed

  • Titre du rapport

    Armenia - Second Geofund Geothermal Project

  • Mots clé

    economic and financial analysis;small hydro power plant;ip disbursements archived;monitoring and evaluation arrangement;legal and regulatory framework;indigenous renewable energy resource;exploratory drilling;geothermal power plant;geothermal site;source heat;field investigation;Promoting Private Sector;exploratory well;costs of exploration;energy efficiency market;procurement filing system;alternative energy source;promoting energy efficiency;geothermal energy resource;impact on poverty;interpretation of datum;hot dry rock;nuclear power generation;fossil fuel reserve;total electricity generation;Exchange Rates;efficiency and quality;independent regulatory agency;availability of resource;Renewable Energy Policy;capital investment cost;geothermal resource;geothermal plant;cross sections;financial viability;field work;outcome indicator;exploration well;field study;project finance;supply cost;financial appraisal;scientific institution;geological characteristic;generation capacity;subsurface structures;geochemical analysis;peak load;seismic survey;energy security;commercial financing;rock formation;institutional change;geological map;primary author;power supply;satisfactory rating;financial assessment;management letter;procurement capacity;Public Infrastructure;procurement issue;public financing;donor support;financial reporting;energy independence;financial statement;incremental cost;Financial Sector;project operation;global environmental;procurement arrangement;adequate mitigation;plant design;survey results;Safeguard Policies;drilling sites;safeguard policy;result indicator;installed capacity;baseline data;financing terms;generation investment;internal control;strategic objective;funds flow;interpretation services;procurement rule;procurement staff;heating projects;consultancy service;economic appraisal;local market;weather condition;geothermal activity;heat flow;local expert;skill mix;resistivity structure;study area;inversion algorithm;small hydropower;sensitivity analysis;average cost;natural water;fund activity;unintended outcomes;sustainable energy;fiduciary arrangement;gender aspect;international boundary;mineral water;main road;tax payer;Energy Sector;exploration work;nuclear plant;renewable resource;geothermal expert;energy diversification;future need;data processing;stakeholder workshop;beneficiary survey;seasonal nature;country imports;external partner;financial rate;armenian dram;payment discipline;generation facilities;generation asset;geothermal field;adequate electricity;export demand;disbursement profile;

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