The World Bank Implementation Status & Results Report Green Energy Corridors Project (P179797) Green Energy Corridors Project (P179797) EASTERN AND SOUTHERN AFRICA | Mozambique | IBRD/IDA | Investment Project Financing (IPF) | FY 2024 | Seq No: 1 | Archived on 27-Jun-2024 | ISR00651 Implementing Agencies: Electricidade de Moçambique (EDM), Ministry of Mineral Resources and Energy (MIREME) 1. OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 28-Mar-2024) The Project Development Objective (PDO) is to strengthen the electricity network and increase regional power trade. Has the Development Objective been changed since Board Approval of the Project Objective? No 2. COMPONENTS Name Component 1: Strengthen transmission infrastructure:(Cost 115,570,000.00) Component 2: Enable renewable energy at scale :(Cost 10,000,000.00) Component 3: Improve sector governance:(Cost 10,000,000.00) 3. OVERALL RATINGS Name Current Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Substantial 4. KEY ISSUES & STATUS 4.1 Implementation Status and Key Decisions Jun 27, 2024 Page 1 of 9 The World Bank Implementation Status & Results Report Green Energy Corridors Project (P179797) Phase I of the Green Energy Corridors Project (GECP) Multiphase Programmatic Approach (MPA) Program was approved by the Board on March 29, 2024 and the financing agreement was signed on May 17, 2024. The Government of Mozambique is working towards reaching effectiveness by August 15, 2024. 4.2 MPA Program Development Objective Original MPA Program Development Objective (Approved as part of Approval (Seq. 1) package on 26-Feb-2024) Strengthen the electricity network, increase regional power trade, and enable renewable electricity generation through private sector participation. Current MPA Program Development Objective (Approved as part of (Seq. ) package on ) 4.3 Multiphase Programmatic Approach (MPA) Status (Public Disclosure) The World Bank Board of Executive Directors of the International Development Association (IDA) approved on March 29, 2024, a financing envelope of US$600 million towards the Green Energy Corridors Project (GECP), to be implemented as a Multiphase Programmatic Approach (MPA). This includes a financing of US$100 million towards Phase-1 of the GECP- MPA. The financing agreement for Phase-1 was signed on May 17, 2024. The Government of Mozambique is working towards reaching effectiveness by August 15, 2024. 5. SYSTEMATIC OPERATIONS RISK-RATING TOOL Rating at Approval Risk Category Approval Package - 29 Mar Proposed Rating 2024 Political and Governance Substantial Substantial Macroeconomic Moderate Moderate Sector Strategies and Policies Substantial Substantial Technical Design of Project or Program Moderate Moderate Institutional Capacity for Implementation and Moderate Moderate Sustainability Fiduciary Substantial Substantial Environment and Social Substantial Substantial Jun 27, 2024 Page 2 of 9 The World Bank Implementation Status & Results Report Green Energy Corridors Project (P179797) Stakeholders Moderate Moderate Overall Substantial Substantial Jun 27, 2024 Page 3 of 9 The World Bank Implementation Status & Results Report Green Energy Corridors Project (P179797) 6. RESULTS 6.1 PDO Indicators by PDO Outcomes Strengthen the electricity network Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 1500 Jun/2033 PrDO 1: Additional Comments on This indicator will measure the additional transmission demand that will be enabled in the transmission hosting capacity achieving targets northern and central regions of Mozambique by the transmission lines to be financed by the enabled (Megawatt) project. This will be incremental demand that cannot be met from the existing transmission lines. Phase 1 PDO Indicator: 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 500 Jun/2030 Additional transmission hosting capacity enabled in EDM’s transmission grid (Megawatt) Increase regional power trade Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year PrDO 2: Additional electricity 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 150 Jun/2033 trade capacity enabled between Mozambique and the SAPP members (Megawatt) Phase 1 PDO Indicator: 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 70 Jun/2030 Additional electricity Jun 27, 2024 Page 4 of 9 The World Bank Implementation Status & Results Report Green Energy Corridors Project (P179797) trade capacity enabled between Mozambique and Malawi (Megawatt) Improve Sector Governance Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year PrDO 3: Independent System No Jun/2024 No 14-Jun-2024 No 14-Jun-2024 Yes Jun/2033 Operator (ISO) established (Yes/No) Enable renewable electricity generation through private sector participation Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year PrDO 4: Increased renewable 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 400 Jun/2033 electricity generation capacity (Megawatt) PrDO 5: Private and 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 600,000,000 Jun/2033 commercial capital mobilized (Amount(USD)) 6.2 Intermediate Results Indicators by Components Component 1: Strengthen transmission infrastructure Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 400 kV transmission lines 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 118 Jun/2030 constructed (Kilometers) Jun 27, 2024 Page 5 of 9 The World Bank Implementation Status & Results Report Green Energy Corridors Project (P179797) Sub-stations 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 2 Jun/2030 constructed/rehabilitated (Number) Additional annual electricity 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 613 Jun/2030 exports from Mozambique to Comments on This indicator will measure the additional electricity exports from Mozambique to Malawi as Malawi (Gigawatt-hour achieving targets a result of additional 70MW export capacity facilitated by the 400kV Songo-Matambo (GWh)) transmission line. Component 2: Enable renewable energy at scale Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Number of 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 2 Jun/2030 policies/regulations on development of renewable energy adopted (Number) National renewable energy No Jun/2024 No 14-Jun-2024 No 14-Jun-2024 Yes Jun/2030 strategy prepared (Yes/No) Component 3: Improve sector governance Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year Action Plan for No Jun/2024 No 14-Jun-2024 No 14-Jun-2024 Yes Jun/2030 implementation of Independent System Operator (ISO) adopted. (Yes/No) Percentage of women among 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 50 Jun/2030 the professionals selected for the Young Professionals Program at EDM (Percentage) Jun 27, 2024 Page 6 of 9 The World Bank Implementation Status & Results Report Green Energy Corridors Project (P179797) Percentage of females 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 40 Jun/2030 trained by the project that intern at EDM (Percentage) Project related grievances 0 Jun/2024 0 14-Jun-2024 0 14-Jun-2024 100 Dec/2030 addressed (Percentage) Annual consultation with No Jun/2024 No 14-Jun-2024 No 14-Jun-2024 Yes Jun/2030 identified affected stakeholders (Yes/No) Jun 27, 2024 Page 7 of 9 The World Bank Implementation Status & Results Report Green Energy Corridors Project (P179797) 7. DATA ON FINANCIAL PERFORMANCE 7.1 Cumulative Disbursements 7.2 Disbursements (by loan) Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed Not IDA-E3030 100.00 100.00 0.00 0.00 99.35 0% Effective 7.3 Key Dates (by loan) Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing Not IDA-E3030 29-Mar-2024 17-May-2024 30-Jun-2030 30-Jun-2030 Effective Jun 27, 2024 Page 8 of 9 The World Bank Implementation Status & Results Report Green Energy Corridors Project (P179797) 8. KEY DATES Key Events Planned Actual Approval 01-Apr-2024 29-Mar-2024 Effectiveness 25-Jun-2024 Mid-Term Review No. 01 30-May-2026 Operation Closing/Cancellation 30-Jun-2030 9. RESTRUCTURING HISTORY 10. ASSOCIATED OPERATION(S) There are no associated operations Jun 27, 2024 Page 9 of 9