The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Tajikistan Power Utility Financial Recovery (P168211) EUROPE AND CENTRAL ASIA | Tajikistan | Energy & Extractives Global Practice | Requesting Unit: ECCCA | Responsible Unit: IECE1 IBRD/IDA | Program-for-Results Financing | FY 2020 | Team Leader(s): Christopher Philip Trimble Seq No: 5 | ARCHIVED on 23-Dec-2022 | ISR53691 | Created by: Christopher Philip Trimble on 03-Nov-2022 | Modified by: Christopher Philip Trimble on 23-Dec-2022 Program Development Objectives PDO Table Program Development Objective (from Program Appraisal Document) The program development objectives are to improve the financial viability, increase the reliability of electricity supply, and strengthen the governance of BT. Board Approved Revised Program Development Objective (If program is formally restructured) The Program development objectives are to improve the financial viability, increase the reliability of electricity supply, and strengthen the governance of Barqi Tojik, Shabakahoi Intiqoli Barq, and Shabakahoi Taqsimoti Barq. Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Unsatisfactory Implementation Status and Key Decisions Throughout the reporting period, the project made some progress including (i) signing of the Financing Agreement for the Additional Financing (AF); (ii) finalization of the implementation agreements between the three sector entities (BT, SIB, and STB) which has to be signed by end-December 2022 as part of the AF effectiveness conditions. In addition, six disbursement linked results (DLRs) have been achieved, enabling disbursement of approximately US$15 million to BT. In addition, good progress has been made with (i) preparation of the Electricity Tariff Paper by the Anti-Monopoly Service to provide the trajectory in average tariff increases to ensure the energy sector cost recovery; (ii) preparation of the Generation Expansion Plan; (iii) Establishment of the supervisory boards (SBs) and specialized committees under the Supervisory Board of BT. Other activities under the Program Action Plan (PAP) have also been successfully completed including: (i) hiring of key staff for the Tariff Unit at AMS and capacity building activities; (ii) introducing elements of good-practice corporate governance including internal audit functioning at BT, SIB, and STB and enclosing of the audited reports for CY 2021 and unaudited financial statements for 2022; (iii) hiring of environmental experts and consultants and development of corporate environmental policies and standards for effective environmental management performance at the three entities. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P168211 IDA-D5580 Effective USD 134.00 134.00 0.00 77.54 55.85 58% Not P168211 IDA-E1010 USD 80.00 80.00 0.00 0.00 75.78 0% Effective 12/23/2022 Page 1 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P168211 IDA-D5580 Effective 25-Feb-2020 05-May-2020 01-Jul-2020 30-Aug-2026 30-Aug-2026 Not P168211 IDA-E1010 30-Jun-2022 22-Sep-2022 -- 31-Aug-2032 31-Aug-2032 Effective DLI Disbursement Achievement Disbursed amount in Disbursement % for DLI ID DLI Type Description Coc DLI Amount Status Coc DLI Loan: IDAD5580-001 DLR 1.1 Cost-recovery 1.1 Regular XDR 5,480,000.00 Fully Achieved 5,480,000.00 100 % end-user tarriffs DLR 1.2 Cost-recovery 1.2 Regular XDR 2,176,000.00 Not Achieved 0.00 end-user tarriffs DLR 1.3 Cost-recovery 1.3 Regular XDR 1,450,000.00 Not Achieved 0.00 end-user tarriffs DLR 1.4 Cost-recovery 1.4 Regular XDR 725,000.00 Not Achieved 0.00 end-user tarriffs DLR 1.5 Cost-recovery 1.5 Regular XDR 725,000.00 Not Achieved 0.00 end-user tarriffs DLR 1.6 Cost-recovery 1.6 Regular XDR 725,000.00 Not Achieved 0.00 end-user tarriffs DLR 2.1 Revision of SA 2.1 Regular XDR 5,803,000.00 Fully Achieved 5,803,000.00 100 % between MOF & BT DLR 2.2 Revision of SA 2.2 Regular XDR 1,450,000.00 Fully Achieved 1,450,000.00 100 % between MOF & BT DLR 2.3 Revision of SA 2.3 Regular XDR 1,742,000.00 Fully Achieved 1,742,000.00 100 % between MOF & BT DLR 2.4 Revision of SA 2.4 Regular XDR 3,337,000.00 Fully Achieved 3,337,000.00 100 % between MOF & BT DLR 2.5 Revision of SA 2.5 Regular XDR 1,450,000.00 Fully Achieved 1,450,000.00 100 % between MOF & BT DLR 2.6 Revision of SA 2.6 Regular XDR 4,062,000.00 Not Achieved 0.00 between MOF & BT DLR 2.7 Revision of SA 2.7 Regular XDR 1,016,000.00 Fully Achieved 1,016,000.00 100 % between MOF & BT DLR 2.8 Revision of SA 2.8 Regular XDR 4,062,000.00 Not Achieved 0.00 between MOF & BT DLR 2.9 Revision of SA 2.9 Regular XDR 1,016,000.00 Fully Achieved 1,016,000.00 100 % between MOF & BT DLR 3.1 Reduction of BT's 3.1 Regular XDR 1,422,000.00 Not Achieved 0.00 Cash Deficit DLR 3.2 Reduction of BT's 3.2 Regular XDR 3,047,000.00 Not Achieved 0.00 Cash Deficit 12/23/2022 Page 2 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) DLR 3.3 Reduction of BT's 3.3 Regular XDR 2,640,000.00 Not Achieved 0.00 Cash Deficit DLR 3.4 Reduction of BT's 3.4 Regular XDR 3,047,000.00 Not Achieved 0.00 Cash Deficit DLR 3.5 Reduction of BT's 3.5 Regular XDR 6,093,000.00 Not Achieved 0.00 Cash Deficit DLR 3.6 Reduction of BT's 3.6 Regular XDR 4,062,000.00 Not Achieved 0.00 Cash Deficit DLR5.1 Electricity rcd 5.1 Regular XDR 2,176,000.00 Fully Achieved 2,176,000.00 100 % byBT fr Sangtuda1 DLR5.2 Electricity rcd 5.2 Regular XDR 2,176,000.00 Fully Achieved 2,176,000.00 100 % byBT fr Sangtuda1 DLR5.3 Electricity rcd 5.3 Regular XDR 2,176,000.00 Fully Achieved 2,176,000.00 100 % byBT fr Sangtuda1 DLR5.4 Electricity rcd 5.4 Regular XDR 2,176,000.00 Fully Achieved 2,176,000.00 100 % byBT fr Sangtuda1 DLR5.5 Electricity rcd 5.5 Regular XDR 1,450,000.00 Fully Achieved 1,450,000.00 100 % byBT fr Sangtuda1 DLR5.6 Electricity rcd 5.6 Regular XDR 725,000.00 Not Achieved 0.00 byBT fr Sangtuda1 DLR5.7 Electricity rcd 5.7 Regular XDR 725,000.00 Not Achieved 0.00 byBT fr Sangtuda1 DLR5.8 Electricity rcd 5.8 Regular XDR 725,000.00 Not Achieved 0.00 byBT fr Sangtuda1 DLR7.1 MEWR completes 7.1 Regular XDR 2,830,000.00 Not Achieved 0.00 update of GEP DLR7.2 MEWR 7.2 Regular XDR 3,627,000.00 Not Achieved 0.00 approvesupdated GEP DLR7.3 New gen inv 7.3 Regular XDR 2,902,000.00 Not Achieved 0.00 decisions made DLR7.4 New 7.4 Regular XDR 725,000.00 Not Achieved 0.00 gen,transmn,distrib by BT DLR7.5 New 7.5 Regular XDR 363,000.00 Not Achieved 0.00 gen,transmn,distrib by BT DLR7.6 New 7.6 Regular XDR 363,000.00 Not Achieved 0.00 gen,transmn,distrib by BT DLR8.1 Implem good 8.1 Regular XDR 2,902,000.00 Not Achieved 0.00 practice corp gov BT DLR8.2 Implem good 8.2 Regular XDR 3,627,000.00 Not Achieved 0.00 practice corp gov BT DLR8.3 Implem good 8.3 Regular XDR 2,902,000.00 Not Achieved 0.00 practice corp gov BT DLR8.4 Implem good 8.4 Regular XDR 1,450,000.00 Not Achieved 0.00 practice corp gov BT DLR8.5 Implem good 8.5 Regular XDR 725,000.00 Not Achieved 0.00 practice corp gov BT 12/23/2022 Page 3 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) DLR8.6 Implem good 8.6 Regular XDR 363,000.00 Not Achieved 0.00 practice corp gov BT DLR8.7 Implem good 8.7 Regular XDR 363,000.00 Not Achieved 0.00 practice corp gov BT DLR9.1 Improvt BT 9.1 Regular XDR 798,000.00 Fully Achieved 798,000.00 100 % operational&financial DLR9.2 BT 9.2 Regular operational&financial XDR 725,000.00 Fully Achieved 725,000.00 100 % transpar DLR9.3 Improvt BT 9.3 Regular XDR 725,000.00 Fully Achieved 0.00 operational&financial DLR9.4 Improvt BT 9.4 Regular XDR 725,000.00 Not Achieved 0.00 operational&financial DLR9.5 Improvt BT 9.5 Regular XDR 363,000.00 Not Achieved 0.00 operational&financial DLR9.6 Improvt BT 9.6 Regular XDR 363,000.00 Not Achieved 0.00 operational&financial DLR 1.7 Cost-recovery 1.7 Regular XDR 2,500,000.00 Not Achieved 0.00 tarriffs and Unit Program Action Plan Action Description Establishment of adequately staffed Tariff Unit under AMC Source DLI# Responsibility Timing Timing Value Status Other DLI 1 The Government Due Date 30-Jun-2021 Completed IVA report with confirmation that: (a) new legislation and other legal amendments adopted for establishment of the Completion Measurement Tariff Unit are in compliance with requirements of Tajikistan’s laws and regulations; and (b) Tariff Unit is adequately staffed Comments Action Description Hire two additional internal audit staff for BT, one for SIB and two for STB Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems BT Due Date 30-Sep-2022 Completed Completion Measurement BT hires the additional staff and submit to the Bank the signed contracts Comments Action Description The internal audit staff to pass the national Internal Auditor Certification Source DLI# Responsibility Timing Timing Value Status 12/23/2022 Page 4 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) to be continued over Fiduciary Systems BT Other the program In Progress iplementation phase Completion Measurement The internal audit staff receives the required certification and the evidence is submitted to the Bank Comments Revision of specified subsidiary agreements between MOF and BT to mirror the original terms reflected in Action Description international agreements between MOF and financiers. Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems DLI 2 MOF and BT Due Date 31-Dec-2022 In Progress The MOF and BT to revise subsidiary agreements as recommended and share the copies of the revised agreements Completion Measurement with the Bank Comments Action Description Corporate governance of BT generation, transmission, and distribution companies is strengthened Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems DLI 8 The Government Due Date 31-Dec-2022 Revised Date (a) Procedures for selection of SB members, appointment procedures, and respective qualification requirements are Completion Measurement developed and approved; (b) Selection of SB members is completed; and (c) SBs form specialized committees Comments Prepare a capacity building and training plan, acceptable to the Bank, for improving the BT staff capacity in longer Action Description term institutional capital budget planning, international Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems BT Due Date 30-Apr-2021 Completed A fiduciary staff capacity building and training plan, with specifying concrete activities, resources and deadlines, is Completion Measurement developed, agreed with the Bank and approved by BT Comments The Public Procurement Agency would continue working on improvement of standard bidding documents taking into Action Description account the recommendations from the Bank Source DLI# Responsibility Timing Timing Value Status Continuous during the State Procurement Fiduciary Systems Other Program In Progress Agency and BT implementation 12/23/2022 Page 5 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Standard Biding documents with adequate General Condition of Contract are available and ready for use under the Completion Measurement Program Comments Create a dedicated section in BT, SIB and STB public websites to post the information on procurement complaints Action Description handling Source DLI# Responsibility Timing Timing Value Status Created by 30-Dec- 2022 and maintained Fiduciary Systems BT, SIB and STB Other continuously during In Progress Program implementation Procurement complaints section of BT website publishing info: (i) any procurement related complaints received; (ii) Completion Measurement date, time and place of the complaint review; (iii) status of handling of the complaint; and (iv) decision of complaint review. Comments Outsourcing critical specialized services, such as capacity development support, IVA and audit to the market on a Action Description competitive basis Source DLI# Responsibility Timing Timing Value Status Continuous during Fiduciary Systems BT Other Program In Progress implementation Necessary advisory services procured in a timely manner to support Program implementation and achievement of its Completion Measurement results Comments Develop corporate environmental policy and key guidelines and regulations for BT generation, transmission, and Action Description distribution companies to facilitate adequate environmental performance in implementing rehab, replacement, and upgrade of key assets Source DLI# Responsibility Timing Timing Value Status BT with the Environmental and Social assistance of PMU Due Date 30-Apr-2021 Completed Systems ES BT, transmission, and distribution companies adopt corporate environmental policy and key environmental Completion Measurement management guidelines and regulations for implementation of T&D rehabilitation and upgrade Comments 12/23/2022 Page 6 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Hire additional environmental specialists/consultants at BT generation and transmission companies and ensure that Action Description the newly formed generation, transmission and distribution companies also have adequate in-house environmental capacity Source DLI# Responsibility Timing Timing Value Status Environmental and Social BT Due Date 30-Oct-2020 Completed Systems Adequately qualified environmental staff at BT, transmission, and distribution companies ensuring adequate Completion Measurement environmental performance of activities under the Program Comments Develop relevant educational modules and organize regular trainings on environmental management for BT Action Description generation and transmission companies, and for their contractors Source DLI# Responsibility Timing Timing Value Status Environmental and Social BT with assistance 30-Apr-2021 and once Other Completed Systems of ESPMU per year afterwards. Fully integrated environmental team of skilled personnel providing due environmental performance in three newly Completion Measurement formed companies Comments Annual evaluation, monitoring and reporting of progress on environmental and social issues, especially regarding the Action Description compliance of the Program activities with the environmental legislation and regulations Source DLI# Responsibility Timing Timing Value Status Environmental and Social 30-Apr-2023 and once BT Other In Progress Systems per year afterwards Annual evaluation, monitoring and reporting of progress on environmental and social issues, especially regarding the Completion Measurement compliance of the Program activities with the extant environmental legislation and regulations Comments MOHSP or the designated agency will carry out analysis of poverty impacts of planned annual tariff increases and Action Description estimate the fiscal cost of protection through TSA and adjustments required to lifeline tariffs Source DLI# Responsibility Timing Timing Value Status Ministry of Health Environmental and Social and Social Other By 30-June 2023 Revised Date Systems Protection The results of poverty impact analysis and estimates of the fiscal cost of ensuring that there is no net increase in the Completion Measurement poverty rate due to electricity tariff increases are annually reviewed and adopted by the Government when finalizing the budget 12/23/2022 Page 7 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Comments TSA rolled out nationally and the refined design of TSA incorporates a mechanism to mitigate the impact of Action Description increasing electricity prices, including corresponding budget allocation Source DLI# Responsibility Timing Timing Value Status Environmental and Social MOHSP and MOF Due Date 30-Sep-2023 Revised Date Systems Refined design of TSA incorporates a mechanism to mitigate the impact of increasing electricity prices, including Completion Measurement corresponding budget allocation Comments Development of a lifeline tariff mechanism to mitigate the impact of increasing electricity prices on the poor and Action Description vulnerable Source DLI# Responsibility Timing Timing Value Status Technical MEWR, AMC Due Date 30-Sep-2023 Revised Date Completion Measurement Lifeline tariff mechanism is developed Comments Action Description Implementation of a lifeline tariff mechanism for residential consumers Source DLI# Responsibility Timing Timing Value Status Environmental and Social BT, MEWR, and September 30, 2023 Other Revised Date Systems AMC and onwards Completion Measurement Lifeline tariff mechanism is implemented considering technical constraints Comments Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High Substantial Substantial Macroeconomic Substantial High High Sector Strategies and Policies Substantial Substantial Substantial 12/23/2022 Page 8 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Technical Design of Project or Program Substantial Moderate Moderate Institutional Capacity for Implementation and Substantial Moderate Moderate Sustainability Fiduciary High Substantial Substantial Environment and Social Substantial Substantial Substantial Stakeholders Substantial Substantial Substantial Other Substantial Substantial -- Overall Substantial Substantial Substantial RiskComments Comments The other risk category was removed as the risk arising from COVID and the war in Ukraine were spread across other categories Results PDO Indicators by Objectives / Outcomes Results Area 1: Achievement of Financial Viability of BT IN01210810 ►Reduction of BT’s cash deficit (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target To be confirmed by the Value audit of 2022 annual Too early to measure about 23 bln somoni 0.00 financial statements Date 30-Jun-2023 10-Jun-2020 22-Dec-2022 31-Dec-2031 Comments Results Area 2: Ensuring Electricity Supply Reliability IN01210841 ►Reduction of equipment failures in electricity transmission and distribution networks of BT (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2,417.00 1,000.00 2,150.00 1,500.00 Date 31-Dec-2018 31-May-2020 23-Dec-2022 31-Aug-2032 This deterioration in service quality is driven lack of funding available to perform basic network maintenance. This issue underscores the importance of establishing the escrow account so that the distribution utility Comments receives adequate funding. Continued delays in the escrow account functioning will likely lead to further deterioration in service quality. IN01210843 ►Adequate electricity supply received by BT from Sangtuda-1 power plant (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 12/23/2022 Page 9 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Over 2,006 GWh was On track to receive over supplied to BT by At least 1,800 Value At least 1,800 GWh/year 1,800 GWh by the end of Sangtuda 1 HPP by GWh/year 2020 Dec 31, 2022 Date 31-Dec-2018 31-May-2020 01-Nov-2022 31-Dec-2030 Comments Results Area 3: Strengthening of Governance and Improvement of Transparency of BT IN01210842 ►New generation and T&D capital investment decisions are made by the Recipient considering sound economic, technical, and financial principles (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Procurement of The BT generation consultant to help with expansion plan has development of BT Value No been developed and to Yes generation expansion be approved by MEWR plan would commence in by December 31, 2022 July 2020 Date 31-Dec-2018 10-Jun-2020 31-Dec-2022 31-Dec-2030 Comments Intermediate Results Indicators by Results Areas Results Area 1: Achievement of Financial Viability of BT IN01210844 ►Extent to which end-user tariffs cover the revenue requirement of BT (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 20.00 20.00 70.00 100.00 Date 31-Dec-2018 10-Jun-2020 22-Dec-2022 31-Aug-2032 Given the recent tariff increase for all categories of consumers, the end-user tariffs now cover about 70% of Comments the costs of the three entities. IN01210847 ►Days of payables outstanding to Sangtuda-1 power plant (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 397.00 397.00 257.00 45.00 Date 31-Dec-2018 31-Dec-2018 22-Dec-2022 31-Aug-2032 The actual value would be identified based on the audited financial statements of BT for the CY 2021 wich Comments is expected to be submitted by Jan 2023 IN01210849 ►Debt service coverage ratio (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 12/23/2022 Page 10 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Value 0.04 0.04 0.16 1.10 Date 31-Dec-2018 10-Jun-2020 23-Dec-2022 31-Aug-2032 The actual value will be available only after the audited financial statements for 2021 is issued Comments IN01210851 ►Improvement of BT’s collection rate for billed electricity in the cities of Istaravshan, Isfara, and Konibodom (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 84.00 83.40 92.00 95.00 Date 31-Dec-2018 31-May-2020 23-Dec-2022 31-Aug-2032 This indicator will need to be dropped because AIIB co-financing for the PforR has not materialized and the Comments roll-out of billing and metering systems in those three cities will most likely be financed by ADB and EBRD. Results Area 2: Ensuring Electricity Supply Reliability IN01210845 ►Actual expenditures on repair and upgrade of electricity T&D assets compared to the plan for 2020-2025. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Will be reported after Will be reported after Value No completion of BT audit completion of BT audit Yes for FY2019. for CY 2021 Date 31-Dec-2018 10-Jun-2020 23-Dec-2022 31-Aug-2032 Comments Results Area 3: Strengthening of BT Governance and Improvement of Transparency IN01210846 ►Update and adoption of GEP and preparation and update of T&D network development plans (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Preparation of the Procurement of generation expension consultant to support with plan is at final stage and Value No preparation of generation Yes is expected to be plan will commence by finalized by Dec 31, end-July 2020 2022 Date 31-Dec-2018 10-Jun-2020 23-Dec-2022 31-Aug-2032 Comments IN01210848 ►BT generation, transmission, and distribution companies have functional Supervisory Boards and the specialized committees (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target The SB and sub- committees were Value No Underway established and Yes functioning for SIB and STB and to be 12/23/2022 Page 11 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) esablished for BT by Dec 31, 2022 Date 31-Dec-2018 10-Jun-2020 23-Dec-2022 31-Aug-2032 Comments IN01210850 ►BT discloses key quarterly operational and financial data (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target The data for 2021 were The data for 2020 will be published in BT and Value No Yes due by end of the year MEWR websites for BT, SIB and STB Date 31-Dec-2018 10-Jun-2020 23-Dec-2022 31-Aug-2032 Comments IN01210852 ►Percentage of citizens who believe that the Program has established effective engagement processes (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 60.00 Date 31-Dec-2018 10-Jun-2020 23-Dec-2022 31-Aug-2032 The first survey would be conducted in Spring 2023. Comments Disbursement Linked Indicators DLI_IND_TABLE ►DLI 1 DLI 1: Achievement of cost-recovery end-user tariffs (Outcome, 19,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2025 Will be provided based on the financial model to be updated to reflect the Tariff below cost impact of the recent Value Tariffs below cost recovery -- recovery increase in electricity tariffs for all categories of consumers on cost recovery of the sector Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210854 DLI 1.1 DLR 1.1: (a) At least 12% increase of average end-user tariff for BT; (b) approval of the Electricity Tariff Paper satisfactory; and (c) establishment of an adequately staffed Tariff Unit at AMC (Intermediate Outcome, 11,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 12/23/2022 Page 12 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) The decree approving The decree approving tariff increase (weighted tariff increase (weighted average expected at average at 17%) was 12%) to be adopted by adopted from October 1, Dec. 31, 2020; 2022; preparation of preparation of Electricity Electricity Tariff Paper Value Tariffs below cost recovery -- Tariff Paper is underway; (DLR 1.7) is underway establishment of tariff and expected to be unit at AMC is underway. approved by Dec. 31, All targets under this 2022; establishment of DLR are expected to be tariff unit at AMC has been met by Dec. 31, 2020 completed. Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210855 DLI 1.2 DLR 1.2: At least annual adjustment of generation, transmission, distribution and end-user tariffs as per new tariff methodology and consistent with targets approved under Electricity Tariff Paper (Intermediate Outcome, 3,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 This DLR is due by Dec Value Tariffs below cost recovery Too early to measure -- 31, 2023 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210856 DLI 1.3 DLR 1.3: At least annual adjustment of generation, transmission, distribution and end-user tariffs as per new tariff methodology and consistent with targets approved under Electricity Tariff Paper (Intermediate Outcome, 2,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value Tariffs below cost recovery Too early to measure due by Dec 31, 2024 -- Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210857 DLI 1.4 DLR 1.4: At least annual adjustment of generation, transmission, distribution and end-user tariffs as per new tariff methodology and consistent with targets approved under Electricity Tariff Paper (Intermediate Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value Tariffs below cost recovery Too early to measure Due by Dec 2025 -- Date -- 10-Jun-2020 23-Dec-2022 -- 12/23/2022 Page 13 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Comments IN01210858 DLI 1.5 DLR 1.5: At least annual adjustment of generation, transmission, distribution and end-user tariffs as per new tariff methodology and consistent with targets approved under Electricity Tariff P (Intermediate Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value Tariffs below cost recovery Too early to measure Due by Dec 2025 -- Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210859 DLI 1.6 DLR 1.6: At least annual adjustment of generation, transmission, distribution and end-user tariffs as per new tariff methodology and consistent with targets approved under Electricity Tariff Paper (Intermediate Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value Tariffs below cost recovery. Too early to measure Due by Dec 2026 -- Date -- 10-Jun-2020 23-Dec-2022 -- Comments ►DLI 2 DLI 2: Revision of the Subsidiary Agreements (SA) between the MOF and BT (Output, 33,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2025 BT incurs excessive debt Revision of 12 Group 1 Revision of Group 1 and Value service costs under loans Subsidiary Agreements is Group 2 Subsidiary -- received from MOF underway Agreements Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210861 DLI 2.1 DLR 2.1: The Recipient converts into equity ownership of BT the outstanding principal amounts and interest payable by BT to MOF for at least ten loans under Group 1 SAs (Output, 8,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value BT incurs excessive debt Revision of 12 Group 1 Revision of Group 1 -- service costs under loans Subsidiary Agreements is Subsidiary Agreements received from MOF underway. The DLR has been finalized in 2020 target is expected to be and about 4.9 billion met by the original sommoni has been converted into BT equity 12/23/2022 Page 14 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) deadline of June 30, 2020 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210862 DLI 2.2 DLR 2.2: The terms of any new financing received by BT from the MOF are aligned with the terms in the respective legal agreements between the Recipient and the financiers (Output, 2,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 The terms of new financing received by BT are aligned with the terms of financing as in the original legal BT incurs excessive debt documents between Value service costs under loans Completed -- MOF and financiers. received from MOF Therefore, the DLR target is expected to be met by the original deadline of June 30, 2020 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210863 DLI 2.3 DLR 2.3: The Recipient converts into equity ownership of BT the outstanding principal amounts and interest payable by BT to MOF under additional four loans under Group 1 SAs (Output, 2,400,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT incurs excessive debt Value service costs under loans Too early to measure Completed -- received from MOF Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210864 DLI 2.4 DLR 2.4: BT SB adopts formal decision to prohibit BT from receiving new financing from MOF unless terms of such financing are aligned with terms reflected in legal docs between Recipient and financier (Output, 4,600,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT incurs excessive debt Value service costs under loans Too early to measure Completed -- received from MOF Date -- 10-Jun-2020 23-Dec-2022 -- 12/23/2022 Page 15 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Comments IN01210865 DLI 2.5 DLR 2.5: The terms of any new financing received by BT from the MOF are aligned with the terms in the respective legal documents between the Recipient and the financiers (Output, 2,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT incurs excessive debt service costs under loans Value received from MOF Too early to measure Completed -- Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210866 DLI 2.6 DLR 2.6: (a) MOF and BT revise terms of ten loans under Group 2 SAs; (b) Recipient converts into equity the difference between original and revised interest payable under each of ten loans (Output, 5,600,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT incurs excessive debt Revision of Group 2 SA is Value service costs under loans Too early to measure underway and to be met -- received from MOF by December 31, 2022 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210867 DLI 2.7 DLR 2.7: The terms of any new financing received by BT from the MOF are aligned with the terms in the respective legal documents between the Recipient and the financiers (Output, 1,400,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT incurs excessive debt Value service costs under loans Too early to measure Completed -- received from MOF Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210868 DLI 2.8 DLR 2.8: (a) MOF and BT revise terms of nine additional loans under Group 2 SAs; (b) Recipient converts into equity difference between original and revised interest payable under each of nine loans (Output, 5,600,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 12/23/2022 Page 16 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Revision of Group 2 SA is BT incurs excessive debt underway and to be met Value service costs under loans Too early to measure by December 31, 2022 -- received from MOF Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210869 DLI 2.9 DLR 2.9: The terms of any new financing received by BT from the MOF are aligned with the terms in the respective legal documents between the Recipient and the financiers (Output, 1,400,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT incurs excessive debt Value service costs under loans Too early to measure Completed -- received from MOF Date -- 10-Jun-2020 23-Dec-2022 -- Comments ►DLI 3 DLI 3: Reduction of BT's cash deficit (Outcome, 28,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2025 The baseline cash deficit The baseline cash deficit would be established would be established upon upon receipt (by Aug 31, receipt (by June 30, 2023) To be confirmed based on 2020) of BT's audited of audited financial Value the audit of 2019 financial financial statements for -- statements for Recipient's statements Recipient's fiscal year fiscal year 2022 and then 2019 and then reduction reduction of cash deficit of cash deficit would be would be computed computed Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210871 DLI 3.1 DLR 3.1: At least 7 percent reduction from the BT’s cash deficit in 2019 (Intermediate Outcome, 1,960,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value To be confirmed based on The baseline cash deficit he baseline cash deficit -- the audit of 2019 financial would be established would be established upon statements upon receipt of BT's receipt (by June 30, 2023) audited financial of audited financial statements for statements for Recipient's Recipient's fiscal year fiscal year 2022 and then 2019. The achievement reduction of cash deficit would be computed 12/23/2022 Page 17 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) of DLR target is too early to measure Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210872 DLI 3.2 DLR 3.2: At least 22 percent reduction from the level of the preceding year (Intermediate Outcome, 4,200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 To be confirmed based on Value the audit of 2019 financial Too early to measure Too early to measure -- statements Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210873 DLI 3.3 DLR 3.3: At least 35 percent reduction from the level of the preceding year (Intermediate Outcome, 3,640,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 To be confirmed based on Value the audit of 2019 financial Too early to measure Too early to measure -- statements Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210874 DLI 3.4 DLR 3.4: At least 50 percent reduction from the level of the preceding year (Intermediate Outcome, 4,200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 To be confirmed based on Value the audit of 2019 financial Too early to measure Too early to measure -- statements Date -- 10-Jun-2020 10-Jun-2020 -- Comments IN01210875 DLI 3.5 DLR 3.5: At least 80 percent reduction from the level of the preceding year (Intermediate Outcome, 8,400,000.00, 0%) Unit of Measure: Text Indicator Type: 12/23/2022 Page 18 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Baseline Actual (Previous) Actual (Current) 2025 To be confirmed based on Value the audit of 2019 financial Too early to measure Too early to measure -- statements Date -- 10-Jun-2020 10-Jun-2020 -- Comments IN01210876 DLI 3.6 DLR 3.6: No cash deficit (Intermediate Outcome, 5,600,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 To be confirmed based on Value the audit of 2019 financial Too early to measure Too early to measure -- statements Date -- 10-Jun-2020 10-Jun-2020 -- Comments ►DLI 4 DLI 5: Adequate electricity supply is received by BT from Sangtuda-1 power plant (Outcome, 17,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2025 Over 2,006 GWh was Average of 1,895 850 GWh received by BT supplied to BT by Value -- GWh/year in 2013-2017 as of May 31, 2020 Sangtuda 1 HPP from Jan 1 to Dec 31, 2022 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210878 DLI 4.1 DLR 5.1: At least 1,000 GWh is received by BT (Outcome, 3,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 850 GWh received by BT Average of 1,895 as of May 31, 2020. The GWh/year in 2013-2017. DLR target is expected to Value The DLR target is expected Achieved -- be met by the original to be met by the original deadline of June 30, deadline of June 30, 2020 2020 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210879 12/23/2022 Page 19 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) DLI 4.2 DLR 5.2: At least 800 GWh is received by BT (Outcome, 3,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Average of 1,895 850 GWh received by BT Value Achieved -- GWh/year in 2013-2017 as of May 31, 2020 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210880 DLI 4.3 DLR 5.3: At least 1,000 GWh is received by BT (Outcome, 3,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Average of 1,895 Value Too early to measure Achieved -- GWh/year in 2013-2017 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210881 DLI 4.4 DLR 5.4: At least 800 GWh is received by BT (Outcome, 3,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Average of 1,895 Value Too early to measure Achieved -- GWh/year in 2013-2017 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210882 DLI 4.5 DLR 5.5: At least 1,800 GWh is received by BT (Outcome, 2,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Over 2,006 GWh was Average of 1,895 supplied to BT by Value Too early to measure -- GWh/year in 2013-2017 Sangtuda 1 HPP from Jan 1 to Dec 31, 2022 Date -- 10-Jun-2020 23-Dec-2022 -- 12/23/2022 Page 20 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Comments IN01210883 DLI 4.6 DLR 5.6: At least 1,800 GWh is received by BT (Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Average of 1,895 Value Too early to measure Due by Dec 2023 -- GWh/year in 2013-2017 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210884 DLI 4.7 DLR 5.7: At least 1,800 GWh is received by BT (Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Average of 1,895 Value Too early to measure Too early to measure -- GWh/year in 2013-2017 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210885 DLI 4.8 DLR 5.8: At least 1,800 GWh is received by BT (Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Average of 1,895 Value Too early to measure Too early to measure -- GWh/year in 2013-2017 Date -- 10-Jun-2020 23-Dec-2022 -- Comments ►DLI 5 DLI 7: Use of technically, economically, and financially sound principles for the Recipient’s investment decision-making in electricity generation, transmission, and distribution (Output, 14,900,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2025 The consultant is expected to mobilize in The GEP is at final stage Nov. 2020 and complete of development and shall Value No -- update of GEP by the be approved by Dec 31, original deadline of June 2022 30, 2021 12/23/2022 Page 21 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210887 DLI 5.1 DLR 7.1: MEWR completes the update of GEP (Output, 3,900,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 The consultant is expected to mobilize in The GEP is at final stage Nov. 2020 and complete of development and shall Value No -- update of GEP by the be approved by MEWR by original deadline of June Dec 31, 2022 30, 2021 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210888 DLI 5.2 DLR 7.2: MEWR approves the updated GEP (Output, 5,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 The consultant is expected to mobilize in MEWR shall approves the Nov. 2020 and complete Value No updated GEP no later than -- update of GEP by the February 28, 2023, original deadline of June 30, 2021 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210889 DLI 5.3 DLR 7.3: New generation investment decisions are made by the Recipient in accordance with the updated GEP; T&D network development plans, based on GEP, are prepared by BT and approved by MEWR (Intermediate Outcome, 4,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value No Too early to measure Due by Dec 2023 -- Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210890 DLI 5.4 DLR 7.4: New generation as well as T&D projects initiated by BT or the Recipient’s government are consistent with the approved plans (Intermediate Outcome, 1,000,000.00, 0%) 12/23/2022 Page 22 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value No Too early to measure Due by Dec 2024 -- Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210891 DLI 5.5 DLR 7.5: New generation as well as T&D projects initiated by BT or the Recipient’s government are consistent with the approved plans (Outcome, 500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value No Too early to measure Due by Dec 2025 -- Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210892 DLI 5.6 DLR 7.6: New generation as well as T&D projects initiated by BT or the Recipient’s government are consistent with the approved plans (Outcome, 500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 Value No Too early to measure Too early to measure -- Date -- 10-Jun-2020 10-Jun-2020 -- Comments ►DLI 6 DLI 8: Implementation of good-practice corporate governance at BT (Outcome, 17,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2025 SBs are in the process of The SB and sub- being established with committees were required committees No good-practice corporate established and Value expected to be formed by -- governance structure functioning for SIB and Dec. 31, 2020 assuming STB and to be esablished COVID-19 does not for BT by Dec 31, 2022 further delay the process Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210894 12/23/2022 Page 23 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) DLI 6.1 DLR 8.1: SBs are functional and formed specialized committees (audit and compensation committees) at generation, T&D companies, comprising of SB members and chaired by independent SB members (Intermediate Outcome, 4,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 SBs are in the process of The SB and sub- being established with committees were required committees No good-practice corporate established and Value expected to be formed by -- governance structure functioning for SIB and Dec. 31, 2020 assuming STB and to be esablished COVID-19 does not for BT by Dec 31, 2022 further delay the process Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210895 DLI 6.2 DLR 8.2: SBs and specialized committees are functional (Outcome, 5,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 The SB sub-committees No good-practice corporate are functioning for SIB and Value Too early to measure -- governance structure STB and to be esablished for BT by Dec 31, 2022 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210896 DLI 6.3 DLR 8.3: SBs and specialized committees are functional (Outcome, 4,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 The SB sub-committees No good-practice corporate are functioning for SIB and Value Too early to measure -- governance structure STB and to be esablished for BT by Dec 31, 2022 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210897 DLI 6.4 DLR 8.4: SBs and specialized committees are functional (Outcome, 2,000,000.00, 0%) Unit of Measure: Text Indicator Type: 12/23/2022 Page 24 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Baseline Actual (Previous) Actual (Current) 2025 No good-practice corporate Value Too early to measure Due by Dec 2023 -- governance structure Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210898 DLI 6.5 DLR 8.5: SBs and specialized committees are functional (Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 No good-practice corporate Value Too early to measure Due by Dec 2024 -- governance structure Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210899 DLI 6.6 DLR 8.6: SBs and specialized committees are functional (Outcome, 500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 No good-practice corporate Value Too early to measure Due by Dec 2025 -- governance structure Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210900 DLI 6.7 DLR 8.7: SBs and specialized committees are functional (Outcome, 500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 No good-practice corporate Value Too early to measure Due by Dec 2026 -- governance structure Date -- 10-Jun-2020 23-Dec-2022 -- Comments ►DLI 7 DLI 9: Improvement of BT's operational and financial transparency (Outcome, 5,100,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2025 12/23/2022 Page 25 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) BT does not publish the key BT will be publishing the BT, SIB and STB Value operational and financial data in due course by the published the data in Nov -- data specified deadlines 2022 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210902 DLI 7.1 DLR 9.1: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2019 (Output, 1,100,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT does not publish the key Value operational and financial Too early to measure Achieved -- data Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210903 DLI 7.2 DLR 9.2: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2020 (Output, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT does not publish the key Value operational and financial Too early to measure Achieved -- data Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210904 DLI 7.3 DLR 9.3: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2021 (Output, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT does not publish the key BT, SIB and STB Value operational and financial Too early to measure published the data in Nov -- data 2022 Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210905 DLI 7.4 DLR 9.4: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2022 (Output, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: 12/23/2022 Page 26 of 27 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Baseline Actual (Previous) Actual (Current) 2025 BT does not publish the key Value operational and financial Too early to measure Due by Dec 2023 -- data Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210906 DLI 7.5 DLR 9.5: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2023 (Output, 500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT does not publish the key Value operational and financial Too early to measure Due by Dec 2023 -- data Date -- 10-Jun-2020 23-Dec-2022 -- Comments IN01210907 DLI 7.6 DLR 9.6: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2024 (Output, 500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2025 BT does not publish the key Value operational and financial Too early to measure Due by Dec 2024 -- data Date -- 10-Jun-2020 23-Dec-2022 -- Comments 12/23/2022 Page 27 of 27