The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT (P093765) GAS SECTOR DEVELOPMENT (P093765) EUROPE AND CENTRAL ASIA | Turkey | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2006 | Seq No: 22 | ARCHIVED on 25-Jan-2020 | ISR39908 | Implementing Agencies: BOTAS, BOTAS Key Dates Key Project Dates Bank Approval Date: 29-Nov-2005 Effectiveness Date: 07-Mar-2006 Planned Mid Term Review Date: 15-Apr-2012 Actual Mid-Term Review Date: 15-Apr-2012 Original Closing Date: 31-Dec-2012 Revised Closing Date: 31-Dec-2020 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project objective is to increase the reliability and stability of gas supply in Turkey by implementing critically needed gas storage and network infrastructure, and support BOTAS in strengthening its operations as a financially stable and commercially managed corporation. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Underground storage:(Cost $607.00 M) Network expansion:(Cost $88.00 M) Supervision Consultant:(Cost $15.60 M) Environmental Monitoring Consultant:(Cost $2.60 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The project continues to make good progress with an overall construction progress of over 93 percent. The facility is operational with six caverns fully operational having supplied natural gas to the system during the last winter season, while leaching activities are ongoing in the remaining caverns. The network infrastructure is also in place and the complete facility is on track to be completed by end-2021. 1/25/2020 Page 1 of 5 The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT (P093765) 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 -- Moderate Moderate Technical Design of Project or Program -- Low Low Institutional Capacity for Implementation and -- Moderate Moderate Sustainability Fiduciary -- Moderate Moderate Environment and Social -- Substantial Substantial Stakeholders -- Low Low Other -- -- -- Overall -- Moderate Moderate Results PDO Indicators by Objectives / Outcomes Increase reliability and stability of gas supply by implementing storage and network infrastructure IN00782793 ►Increased natural gas storage capacity. [Phase 1: 0.48 bcm by 2016, Phase 2: 1.20 bcm by end-2021] (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.90 0.90 1.20 bcm Date 31-Dec-2005 31-Jul-2019 13-Dec-2019 31-Dec-2021 IN00782795 ►Increased capacity of transmission lines to carry gas. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 22 BCM/ year 108 BCM/year 108 BCM/year 40 BCM/year Date 31-Dec-2005 31-Jul-2019 13-Dec-2019 31-Dec-2020 IN00782922 ►Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 1/25/2020 Page 2 of 5 The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT (P093765) Value 6,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00 Date 31-Dec-2005 31-Dec-2018 13-Dec-2019 31-Dec-2020 IN00782923 Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 50.00 50.00 50.00 50.00 Strengthen BOTAS operations as a financially stable and commercially managed corporation IN00782794 ►Storage operates as separate business unit to ensure independence and open access. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 31-Dec-2005 31-Jul-2019 13-Dec-2019 31-Dec-2020 IN00782921 ►Achievement of agreed financial targets (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Yes Yes Yes Yes Date 31-Dec-2005 31-Jul-2019 13-Dec-2019 31-Dec-2020 Intermediate Results Indicators by Components Underground storage IN00782924 ►Storage capacity is built with completion of Phase 1 in 2016 and Phase 2 in 2020 (% completion). (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0% / 0% 100%/50% 100%/50% 100% / 100% Date 31-Dec-2005 31-Jul-2019 13-Dec-2019 31-Dec-2021 IN00782926 ►Comprehensive costs available for storage on a stand alone basis: Project cost information collected (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Yes Yes Yes Yes Date 31-Dec-2005 31-Jul-2019 13-Dec-2019 31-Dec-2020 IN00782927 1/25/2020 Page 3 of 5 The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT (P093765) ►Comprehensive cost available for storage on a stand alone basis: Storage business established. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 31-Dec-2005 31-Jul-2019 13-Dec-2019 31-Dec-2020 IN00782928 ►Achievement of agreed financial targets - Debt Service Coverage Ratio (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.20 13.70 13.70 1.20 Date 31-Dec-2005 19-Jun-2018 19-Jun-2018 31-Dec-2020 Network expansion IN00782925 ►Compressor capacity of system increasing (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Increased capacity of Value 0 MW 385 MW 385 MW 70 MW Date 31-Dec-2005 31-Jul-2019 13-Dec-2019 31-Dec-2021 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P093765 IBRD-73420 Closed USD 325.00 325.00 0.00 325.00 0.00 100% P093765 IBRD-83490 Effective USD 400.00 400.00 0.00 320.28 79.72 80% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P093765 IBRD-73420 Closed 29-Nov-2005 02-Feb-2006 07-Mar-2006 31-Dec-2012 30-Sep-2014 P093765 IBRD-83490 Effective 02-Jul-2014 02-Oct-2014 20-Nov-2014 31-Dec-2020 31-Dec-2020 Cumulative Disbursements 1/25/2020 Page 4 of 5 The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT (P093765) Restructuring History Level Approved on 21-Dec-2012 ,Level 2 Approved on 06-Dec-2013 ,Level 2 Approved on 22-May-2014 Related Project(s) P133565-Gas Sector Development Additional Financing 1/25/2020 Page 5 of 5