The World Bank Implementation Status & Results Report Tunisia-Italy Power Interconnector - Project Preparation TA (P164625) Tunisia-Italy Power Interconnector - Project Preparation TA (P164625) MIDDLE EAST AND NORTH AFRICA | Tunisia | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2019 | Seq No: 8 | ARCHIVED on 30-Jun-2022 | ISR51837 | Implementing Agencies: Elmed Etudes, Republic of Tunisia, STEG Key Dates Key Project Dates Bank Approval Date: 31-Jul-2018 Effectiveness Date: 10-Jan-2019 Planned Mid Term Review Date: 05-Feb-2020 Actual Mid-Term Review Date: 05-Feb-2020 Original Closing Date: 31-Dec-2021 Revised Closing Date: 31-Dec-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The PDO is to establish the technical, environmental, social and financial feasibility, and to help structure the proposed Tunisia-Italy Power Interconnection (“Proposed Project”). Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Preparation Studies:(Cost $10.64 M) Transaction Advisory:(Cost $1.91 M) Project Management Services:(Cost $0.86 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Progress towards achievement of the Project Development Objective and Overall Implementation Progress are both rated Moderately Satisfactory as project implementation is being delayed and a closing date extension has been granted. The project consists of three components (C1: Preparation Studies/Activities, C2: Transaction Advisory, and C3: Project Management) and it has two project’s implementing agencies: Elmed Etudes for C1 and C3, and STEG for C2. Elmed Etudes is a Joint-Venture between TERNA (a private Italian system operator) and STEG (the national electric public utility in Tunisia). Elmed Etudes’ personnel comes from TERNA and STEG. The two project’s implementing agencies have been in place since January 2019 and are well-staffed. The various studies under C1 (Marine Survey, Terrestrial Survey, and ESIA & RAP study) are progressing well and should all be completed by the end of September 2022. Component 3 (Project Management) is well under implementation. 6/30/2022 Page 1 of 5 The World Bank Implementation Status & Results Report Tunisia-Italy Power Interconnector - Project Preparation TA (P164625) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial Substantial Substantial Macroeconomic Substantial Substantial Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate 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 -- -- -- Overall High Substantial Substantial Results PDO Indicators by Objectives / Outcomes Refer to the full PDO description in the datasheet IN01153017 ►Completion progress of the Terrestrial feasibility study found to be of satisfactory quality by the World Bank (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 50.00 100.00 Date 15-Mar-2018 21-Oct-2021 07-Jun-2022 31-Dec-2022 IN01153018 ►Completion progress of the Marine feasibility study found to be of satisfactory quality by the World Bank (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 25.00 50.00 100.00 Date 15-Mar-2018 21-Oct-2021 07-Jun-2022 31-Dec-2022 IN01153019 6/30/2022 Page 2 of 5 The World Bank Implementation Status & Results Report Tunisia-Italy Power Interconnector - Project Preparation TA (P164625) ►Completion progress of the Environmental and social impact study found to be of satisfactory quality by the World Bank (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 25.00 50.00 100.00 Date 15-Mar-2018 21-Oct-2021 07-Jun-2022 31-Dec-2022 IN01153020 ►Completion progress of the Transaction advisory activity found to be of satisfactory quality by the World Bank (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 15-Mar-2018 21-Oct-2021 07-Jun-2022 31-Dec-2022 IN01153056 ►Completion progress of the Financial model found to be of satisfactory quality by the World Bank (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 15-Mar-2018 21-Oct-2021 07-Jun-2022 31-Dec-2022 Intermediate Results Indicators by Components Component 1,2,3 IN01153057 ►Tendering process for terrestrial feasibility study initiated (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target TORs prepared (by Initiated (by Value Contract signed Contract signed March 15, 2018) September 30, 2018) Date 15-Mar-2018 21-Oct-2021 21-Oct-2021 30-Sep-2018 IN01153058 ►Tendering process for marine feasibility study initiated. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target TOR prepared (by March Initiated (by Value Contract signed Contract signed 15, 2018) September 30, 2018) Date 15-Mar-2018 21-Oct-2021 21-Oct-2021 30-Sep-2018 IN01153059 ►Tendering process for environmental and social impact study initiated. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target TOR prepared (by March Initiated (by Value Contract signed Contract signed 15, 2018) September 30, 2018) 6/30/2022 Page 3 of 5 The World Bank Implementation Status & Results Report Tunisia-Italy Power Interconnector - Project Preparation TA (P164625) Date 15-Mar-2018 21-Oct-2021 21-Oct-2021 30-Sep-2018 IN01153060 ►Tendering process for transaction advisory activity initiated. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target TOR prepared (by March Initiated (by December Value Basic TOR prepared Basic TOR prepared 15, 2018) 31, 2018) Date 15-Mar-2018 21-Oct-2021 21-Oct-2021 31-Dec-2018 IN01153061 ►Tendering process for financial model initiated. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target TOR prepared (by March Initiated (by Value TOR prepared TOR prepared 15, 2018) September 30, 2018) Date 15-Mar-2018 21-Oct-2021 21-Oct-2021 30-Sep-2018 Activity is now under Component 2 (in the TOR of the transaction advisory) Comments: IN01153062 ►Grievance redress (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Grievance redress mechanisms included in the safeguards studies and in the project manual. Consultations and No grievance redress ESIA & RAP study under ESIA & RAP study Value grievance redress mechanism way under way mechanisms are gender inclusive, and incorporated into the safeguards instruments and into the project manual. Date 15-Mar-2018 21-Oct-2021 21-Oct-2021 30-Jun-2020 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P164625 TF-A6789 Effective USD 5.50 5.50 0.00 3.38 2.12 62% 6/30/2022 Page 4 of 5 The World Bank Implementation Status & Results Report Tunisia-Italy Power Interconnector - Project Preparation TA (P164625) P164625 TF-A8280 Effective USD 7.00 7.00 0.00 0.00 7.00 0%% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P164625 TF-A6789 Effective 31-Jul-2018 13-Sep-2018 10-Jan-2019 31-Dec-2021 31-Dec-2022 P164625 TF-A8280 Effective 01-Jul-2018 13-Sep-2018 20-Jun-2019 31-Dec-2021 31-Dec-2022 Cumulative Disbursements Restructuring History Level 2 Approved on 09-Dec-2021 Related Project(s) There are no related projects. 6/30/2022 Page 5 of 5