The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Bangladesh Ghorashal Unit 4 Repowering Project (P128012) SOUTH ASIA | Bangladesh | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2016 | Seq No: 14 | ARCHIVED on 23-Dec-2022 | ISR54503 | Implementing Agencies: Bangladesh Power Development Board, Government of Bangladesh Key Dates Key Project Dates Bank Approval Date: 21-Dec-2015 Effectiveness Date: 15-May-2016 Planned Mid Term Review Date: 15-Apr-2019 Actual Mid-Term Review Date: 07-Apr-2019 Original Closing Date: 31-Mar-2022 Revised Closing Date: 30-Sep-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The proposed development objective of the Project is to increase generation capacity and efficiency of the targeted power plant; Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1: Re-powering of the Target Unit:(Cost $226.30 M) Component 2: Technical Assistance for Institutional Strengthening Support:(Cost $6.00 M) Component 3: Spare Parts under Long Term Service Agreement (LTSA):(Cost $30.70 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions While most of the activities financed under the Project are complete, it continues to experience implementation delays due to vibrations of the steam turbine. Commissioning of the combined cycle operation of the plant can only take place once these are resolved. Once complete, the Project is expected to generate a guaranteed output of 409 MW in combined cycle mode, with the baseline capacity of 170 MW using the existing steam turbine. The new 239 MW gas turbine installed under the project was commissioned on October 31, 2018. 12/23/2022 Page 1 of 5 The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High High High Macroeconomic Moderate Moderate Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Substantial Substantial Substantial Sustainability Fiduciary High High High Environment and Social Moderate Moderate Moderate Stakeholders Low Moderate Moderate Other -- Substantial Substantial Overall Substantial Substantial Substantial Results PDO Indicators by Objectives / Outcomes Repowering of the Target Unit IN01234460 ►Generation Capacity of Conventional Generation constructed under the project (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 170.00 240.00 240.00 409.00 Date 30-Jun-2015 30-Nov-2021 15-Dec-2022 31-Dec-2022 IN01234506 ►Projected lifetime fuel savings (Mega Joules (MJ), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 303,000,000,000.00 Date 30-Jun-2015 30-Nov-2021 15-Dec-2022 31-Dec-2022 IN01234507 ►Efficiency of the unit measured by gas consumption per GWh output (Percentage, Custom) 12/23/2022 Page 2 of 5 The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Baseline Actual (Previous) Actual (Current) End Target Value 30.00 34.00 34.00 53.00 Date 30-Jun-2015 30-Nov-2021 15-Dec-2022 31-Dec-2022 Intermediate Results Indicators by Components Component 1: Re-powering of the Target Unit IN01234508 ►Commissioning of Gas Turbine completed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Not Commissioned Commissioned Commissioned GT Commissioned Date 30-Jun-2015 30-Nov-2021 15-Dec-2022 30-Apr-2018 IN01234510 ►Overhauling of existing Steam Turbine Generator completed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Inspection completed. No Inspection completed. Value Not completed major overhauling No major overhauling Completed required. required. Date 30-Dec-2015 30-Nov-2021 15-Dec-2022 30-Jun-2018 IN01234512 ►GHG Emissions (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 673.00 593.00 593.00 374.00 Date 30-Jun-2015 30-Nov-2021 15-Dec-2022 31-Dec-2022 Component 2: Technical Assistance for Institutional Strengthening Support IN01234509 ►Strategic Business Unit (SBU) fully functional (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Partially functional: Bank account opened; Value Functional Functional SBU Functional financial power delegated; KPIs signed Date 30-Jun-2015 30-Jun-2021 30-Jun-2021 30-Jun-2019 IN01234511 ►Environment and Social Management Unit operational at Ghorashal (Text, Custom) 12/23/2022 Page 3 of 5 The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Baseline Actual (Previous) Actual (Current) End Target Value Not operational Operational Operational Operational Date 30-Jun-2015 30-Jun-2021 30-Jun-2021 31-Dec-2016 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P128012 IDA-57580 Effective USD 217.00 217.00 0.00 175.15 38.89 82% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P128012 IDA-57580 Effective 21-Dec-2015 07-Apr-2016 15-May-2016 31-Mar-2022 30-Sep-2023 Cumulative Disbursements 12/23/2022 Page 4 of 5 The World Bank Implementation Status & Results Report Bangladesh Ghorashal Unit 4 Repowering Project (P128012) Restructuring History Level 2 Approved on 04-Nov-2021 ,Level 2 Approved on 08-Oct-2022 ,Level 2 Approved on 21-Dec-2022 Related Project(s) There are no related projects. 12/23/2022 Page 5 of 5