The World Bank Implementation Status & Results Report Technical Assistance for Financing Framework for Rogun Hydropower Project (P178819) Technical Assistance for Financing Framework for Rogun Hydropower Project (P178819) EUROPE AND CENTRAL ASIA | Tajikistan | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2023 | Seq No: 1 | ARCHIVED on 20-Apr-2023 | ISR55435 | Implementing Agencies: Ministry of Finance, Project Management Group for Energy Facilities Construction Key Dates Key Project Dates Bank Approval Date: 12-Jan-2023 Effectiveness Date: -- Planned Mid Term Review Date: 02-Dec-2024 Actual Mid-Term Review Date: Original Closing Date: 31-Dec-2026 Revised Closing Date: 31-Dec-2026 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objectives are to strengthen Rogun HPP Project’s financial and commercial frameworks, enhance its environmental and social sustainability, improve the transparency, and support establishment of Rogun HPP Project’s benefit sharing program Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Development of macroeconomically sustainable financing plan and a commercial framework for Rogun HPP project:(Cost $4.80 M) Component 2: Improvement of the dam safety:(Cost $4.00 M) Component 3: Strengthening of E&S framework and benefit sharing aspects of Rogun HPP Project:(Cost $7.00 M) Component 4: Strengthening of institutional capacity of Rogun PMG and Rogun JSC:(Cost $4.20 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Satisfactory Overall Implementation Progress (IP) -- Satisfactory Overall Risk Rating -- Substantial Implementation Status and Key Decisions The Rogun TA was approved by the Board of Director on January 12 2023, and is expected to be effective by June 2023 if not before. mplementation of the main activities under the TA is progressing as planned through retroactive financing. Two panels of experts (Dam Safety and Environmental and Social) are fully mobilized, and an international E&S consulting firm has been recruited to update the E&S instruments to be aligned with the World Bank’s Environmental and Social Framework (ESF). 4/20/2023 Page 1 of 7 The World Bank Implementation Status & Results Report Technical Assistance for Financing Framework for Rogun Hydropower Project (P178819) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial -- Substantial Macroeconomic Substantial -- Substantial Sector Strategies and Policies Substantial -- Substantial Technical Design of Project or Program Substantial -- Substantial Institutional Capacity for Implementation and Substantial -- Substantial Sustainability Fiduciary Substantial -- Substantial Environment and Social High -- High Stakeholders Substantial -- Substantial Other Substantial -- Substantial Overall Substantial -- Substantial Results PDO Indicators by Objectives / Outcomes Development of a sustainable financing plan and a commercial framework IN01266798 ►The Government adopts a macroeconomically sustainable and financially viable plan for completing construction of Rogun HPP Project (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 31-Oct-2022 -- 05-Apr-2023 31-Dec-2023 This indicator will measure the progress with development and adoption of a macroeconomically sustainable financing plan. The macroeconomic sustainability means that the financing plan would not Comments: create risks of debt distress for the country taking into account the proposed annual capital expenditures and financing terms for those expenditures IN01266801 ►PPAs are signed for sale of Rogun HPP Project’s electricity in the amount to make the financing plan viable (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes 4/20/2023 Page 2 of 7 The World Bank Implementation Status & Results Report Technical Assistance for Financing Framework for Rogun Hydropower Project (P178819) Date 31-Oct-2022 -- 05-Apr-2023 31-Dec-2023 This indicator will measure the progress with establishment of adequate commercial framework for Rogun Comments: HPP Project Improvement of environmental and social framework and benefit sharing aspects of Rogun HPP Project IN01266799 ►Rogun HPP Project has functioning dam safety as well as environmental and social POEs (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 31-Oct-2022 -- 05-Apr-2023 28-Feb-2023 Comments: This indicator will measure the progress with ensuring functional dam safety and E&S POEs IN01266802 ►The environmental and social instruments of Rogun HPP Project comply with the requirements of the World Bank’s Environmental and Social Framework (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 31-Oct-2022 -- 05-Apr-2023 28-Feb-2024 An international E&S consultant (WSP) has been hired to update the E&S Instruments to update the E&S instruments of the Rogun HPP Project in compliance with the Environmental and Social Framework of the Comments: World Bank. Improvement of transparency of Rogun JSC and strengthening of capacity of the Rogun PMG IN01266800 ►The summary information on existing and future contracts and financing plan for completion of construction of Rogun HPP Project are publicly disclosed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 31-Oct-2022 -- 05-Apr-2023 31-Mar-2023 The project implementation will be updated by May 2023 and a financing plan will be developed by September 2023 and to be agreed with the Government and potential financiers by end of December Comments: 2023 IN01266803 ►Rogun HPP Project’s community benefit sharing program is launched (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 31-Oct-2022 -- 05-Apr-2023 30-Apr-2024 4/20/2023 Page 3 of 7 The World Bank Implementation Status & Results Report Technical Assistance for Financing Framework for Rogun Hydropower Project (P178819) The first tender for procurement of the consultant to design implementation of the benefit sharing program for the Project did not generate the expected results and has to be retendered and the program has to be Comments: finalized by April 2024. Intermediate Results Indicators by Components Development of macroeconomically sustainable financing plan and a commercial framework for Rogun HPP IN01266805 ►Update of Rogun HPP Project implementation schedule is completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 31-Oct-2022 -- 28-Mar-2023 31-Jan-2023 This indicator will measure the progress with revision of the Rogun HPP Project implementation schedule to ensure that annual financing requirements are not exceeding the thresholds of annual financing that Comments: can be allocated without creating public debt distress. The financing plan to be updated by May 2023 and agreed with development partners by Nov 2023. IN01266811 ►Electricity market analysis is completed and the PPAs for sale of Rogun electricity are drafted (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 31-Oct-2022 -- 28-Mar-2023 30-Apr-2023 This indicator will measure the progress with preparation of long-term contracts for sale of Rogun Comments: electricity. Those contracts will then be negotiated by the Government and Rogun JSC with main buyers in export and domestic markets Improvement of the dam safety IN01266806 ►Dam safety POE, with composition and qualifications acceptable to the Bank, is hired (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 31-Oct-2022 -- 28-Mar-2023 31-Jan-2023 The Recipient hired a functioning dam safety POE Comments: Strengthening of E&S framework and benefit sharing aspects of Rogun HPP Project IN01266807 ►E&S POE, with composition and qualifications acceptable to the Bank, is hired and retained (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target 4/20/2023 Page 4 of 7 The World Bank Implementation Status & Results Report Technical Assistance for Financing Framework for Rogun Hydropower Project (P178819) Value No -- Yes Yes Date 31-Oct-2022 -- 28-Mar-2023 31-Jan-2023 The Recipient hired a functioning E&S POE Comments: IN01266809 ►Update of E&S instruments of Rogun HPP Project is completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 31-Oct-2022 -- 28-Mar-2023 31-Dec-2024 The update of E&S documents for Rogun HPP Project in compliance with the requirements of the World Comments: Bank's ESF is expected to be finalized by April 30, 2024 IN01266812 ►Preparation of Rogun HPP Project community benefit sharing program is completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 31-Oct-2022 -- 28-Mar-2023 31-Jan-2024 This indicator will measure the progress with preparation of the community benefit sharing program. The first tender on procurement of a consultant to undertake preparation of the benefit sharing program was Comments: not successful and will be re-tendered. Strengthening of institutional capacity of Rogun PMG and Rogun JSC IN01266804 ►Rogun PMG is strengthened with project management, procurement, FM, and E&S experts (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 31-Oct-2022 -- 05-Apr-2023 01-Feb-2023 This indicator will measure the progress with strengthening of Project implementation capacity of Rogun PMG. The project coordinator, FM, procurement and an international E&S staff have been hired includng Comments: one local E&S specialist IN01266808 ►Increase in the number of women taking on permanent jobs at Rogun PMG at technical and managerial levels (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 5.00 -- 3.00 10.00 Date 31-May-2022 -- 28-Mar-2023 31-Dec-2024 This indicator will measures the progress with efficiency of gender activities under the Project. Comments: 4/20/2023 Page 5 of 7 The World Bank Implementation Status & Results Report Technical Assistance for Financing Framework for Rogun Hydropower Project (P178819) IN01266810 ►Percentage of citizens who believe that the Project has established effective engagement processes (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target To be established during Value -- to be yet determined At least 65 percent 2022 survey Date 31-Mar-2023 -- 28-Mar-2023 31-Dec-2026 Comments: This indicator will measure the progress with improvement of citizen engagement Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P178819 IDA-E1460 USD 15.00 15.00 0.00 0.00 15.77 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P178819 IDA-E1460 12-Jan-2023 18-Jan-2023 -- 31-Dec-2026 31-Dec-2026 Effective Cumulative Disbursements 4/20/2023 Page 6 of 7 The World Bank Implementation Status & Results Report Technical Assistance for Financing Framework for Rogun Hydropower Project (P178819) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 4/20/2023 Page 7 of 7