The World Bank Geothermal Clean Energy Investment Project (P113078)

Transcription

1 Public Disclosure Authorized EAST ASIA AND PACIFIC Indonesia Energy and Mining Global Practice IBRD/IDA Specific Investment Loan FY 2012 Seq No: 6 ARCHIVED on 17-Jun-2015 ISR18126 Implementing Agencies: Pertamina Geothermal Energy Public Disclosure Authorized Key Dates Key Project Dates Board 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 Moderately Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory Overall Risk Rating -- Moderate Implementation Status and Key Decisions 6/17/2015 Page 1 of 7

2 The Project continues to make significant progress in accordance with the revised outcome and immediate performance indicators. The second resource drilling program, which is at its final state for Lahendong 5&6 and will be on-going in the next six months for Ulubelu 3&4, has been smooth with encouraging results. Implementation of the two EPC contracts for the steam gathering systems and power plants has been moving ahead as per the contractual schedule. The project's objectives are likely to be achieved with the new closing date. The next supervision is planned for October- November /17/2015 Page 2 of 7

3 Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Low Macroeconomic Low Sector Strategies and Policies Low Technical Design of Project or Program Moderate Institutional Capacity for Implementation and Sustainability Substantial Fiduciary Moderate Environment and Social Moderate Stakeholders Low Other Overall Moderate Results Project Development Objective Indicators New geothermal power generation capacity installed directly financed by the World Bank loan (Megawatt, Custom) Date 26-Jul Dec May Dec-2017 Avoided local air pollution (NOX, SO2, TSP) (Text, Custom) 0 tonnes of NOX 0 tonnes of SO2 0 tonnes of TSP 0 tonnes of NOX 0 tonnes of SO2 0 tonnes of TSP 0 tonnes of NOX 0 tonnes of SO2 0 tonnes of TSP 3,000 tonnes of NOX 5,400 tonnes of SO2 2,500 tonnes of TSP Date 26-Jul Dec May Dec /17/2015 Page 3 of 7

4 Avoided global GHG pollution (CO2) (Metric ton, Custom) Date 26-Jul Dec May Dec-2018 Contribute towards PGE becoming a leading geothermal developer (Megawatt, Custom) Date 26-Jul Dec May Dec-2016 Ensure technical, environmental and social protection in line with industry standards during project preparation. (Text, Custom) Feasibility studies are under par of industry standards. Feasibility studies have been completed Two FS completed meeting industry standards Feasibility studies meet good industry practice. Date 26-Jul Dec Dec Mar-2015 Maintain operation availability of geothermal power plants (Number, Custom) Date Dec May Mar-2015 Overall Comments Intermediate Results Indicators 6/17/2015 Page 4 of 7

5 Minimum of 2 EPC contracts signed (Text, Custom) Date 26-Dec Dec Dec Sep-2014 Yearly agreement reached between PGE and TCP Partner on support program (Text, Custom) Partner not procured Agreement reached Agreement reached Agreement reached Date 01-Jan Dec Dec Mar-2015 World Bank approval of yearly training program (Text, Custom) Training Program yet to be approved Training Program has been submitted and approved Training Program was fully completed Training Program approved Date 01-Jan Dec Dec Dec-2015 Minimum of 40 staff trained in key workshops each year (Number, Custom) Date 01-Apr Dec May Mar /17/2015 Page 5 of 7

6 IT software purchased, installed, and being utilized by PGE staff (Text, Custom) Software not installed List of new software has been submitted and approved New software has been under procurement Software installed, utilized by PGE staff Date 01-Jan Dec May Mar-2013 Bid documents including FEED issued for one geothermal plant; Studies issued for new developments/investments (Text, Custom) Bid documents/studies not issued Bid document issued. FEED contract was fully implemented and completed. Bid documents/stud ies issued Date 01-Jan Dec May Dec-2015 Overall Comments 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 Effective 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 Effective 24-May May May Mar Dec-2016 Cumulative Disbursements 6/17/2015 Page 6 of 7

7 Restructuring History Level 2 Approved on 26-Mar-2015 Related Project(s) There are no related projects. 6/17/2015 Page 7 of 7