The World Bank Geothermal Clean Energy Investment Project (P113078)

Transcription

1 Public Disclosure Authorized EAST ASIA AND PACIFIC Indonesia Energy & Extractives Global Practice IBRD/IDA Investment Project Financing FY 2012 Seq No: 11 ARCHIVED on 05-Nov-2017 ISR29890 Implementing Agencies: Ministry of Finance, Republic of Indonesia, Pertamina Geothermal Energy Public Disclosure Authorized Key Dates Key Project Dates Bank Approval Date:26-Jul-2011 Planned Mid Term Review Date:16-Mar-2015 Original Closing Date:31-Mar-2015 Project Development Objectives Effectiveness Date:29-Jun-2012 Actual Mid-Term Review Date:13-Oct-2014 Revised Closing Date:31-Dec-2018 Public Disclosure Authorized Project Development Objective (from Project Appraisal Document) The development objective of the proposed project is to increase power generation from renewable geothermal resources, and reduce local and global environmental impacts. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name 1 - Investment in Geothermal Power Generation Capacity (US$574.7 million):(cost $ M) Public Disclosure Authorized 2 - Technical Assistance for Capacity Building (US$6.95 million):(cost $6.95 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions 11/5/2017 Page 1 of 7

2 The implementation of the Plant Design, Supply and Installation (EPC) contracts for both the Ulubelu 3&4 and Lahendong 5&6 sites are completed and all four units have reached their respective commissioning dates ahead of schedule. The New Zealand Grant closed on December 31, Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Low Low Macroeconomic -- Low Low Sector Strategies and Policies -- Low Low Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and Sustainability -- Substantial Substantial Fiduciary -- Moderate Moderate Environment and Social -- Moderate Moderate Stakeholders -- Low Low Other Overall -- Moderate Moderate Results Project Development Objective Indicators New geothermal power generation capacity installed directly financed by the World Bank loan (Megawatt, Custom) Avoided local air pollution (NOX, SO2, TSP) (Text, Custom) 0 tonnes of NOX 0 tonnes of SO2 0 tonnes of TSP 632 tonnes of NOX, 1500 tonnes of SO2, 693 tonnes of TSP 2900 tonnes of NOX, 5220 tonnes of SO2, 2417 tonnes of TSP 3,000 tonnes of NOX 5,400 tonnes of SO2 2,500 tonnes of 11/5/2017 Page 2 of 7

3 TSP Avoided global GHG pollution (CO2) (Metric ton, Custom) , ,063, ,100, Progress of EPC contract for UlubeluSAGS+power plant (Percentage, Custom) Progress of EPC contract for Lahendong SAGS+power plant (Percentage, Custom) Contribute towards PGE becoming a leading geothermal developer (Megawatt, Custom) 11/5/2017 Page 3 of 7

4 PHINDIRITBL Ensure technical, environmental and social protection in line with industry standards during project preparation. (Text, Custom) Feasibility studies are under par of industry standards. Two FS completed meeting industry standards Two FS completed meeting industry standards Feasibility studies meet good industry practice. Maintain operation availability of geothermal power plants (Number, Custom) Overall Comments There are no comments on this section. Intermediate Results Indicators Minimum of 2 EPC contracts signed (Text, Custom) Date 26-Dec Mar Sep Dec /5/2017 Page 4 of 7

5 PHINDIRITBL PHINDIRITBL PHINDIRITBL PHINDIRITBL Yearly agreement reached between PGE and TCP Partner on support program (Text, Custom) Partner not procured Agreement reached Agreement reached Agreement reached World Bank approval of yearly training program (Text, Custom) Training Program yet to be approved Training Program was fully completed Training Program was fully completed Training Program approved Minimum of 40 staff trained in key workshops each year (Number, Custom) Date 01-Apr Mar Sep Dec-2018 IT software purchased, installed, and being utilized by PGE staff (Text, Custom) Software not installed Software installed, utilized by PGE staff Software installed, utilized by PGE staff Software installed, utilized by PGE staff 11/5/2017 Page 5 of 7

6 PHINDIRITBL Bid documents including FEED issued for one geothermal plant; Studies issued for new developments/investments (Text, Custom) Bid documents/studies not issued Bid documents/studies issued. Bid documents/studies issued. Bid documents/stud ies issued Overall Comments There are no comments on this section. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P IBRD Effective USD % P TF Effective USD % P TF Closed USD % Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P IBRD Effective 26-Jul Dec Jun Mar Dec-2018 P TF Effective 26-Jul Dec Jun Mar Dec-2018 P TF Closed 24-May May May Mar Dec-2016 Cumulative Disbursements 11/5/2017 Page 6 of 7

7 Restructuring History Level 2 Approved on 26-Mar-2015 Related Project(s) There are no related projects. 11/5/2017 Page 7 of 7