Public Disclosure Copy The World Bank Implementation Status & Results Report Navoi Scaling Solar Independent Power Producer Project (P170598) Navoi Scaling Solar Independent Power Producer Project (P170598) EUROPE AND CENTRAL ASIA | Uzbekistan | Energy & Extractives Global Practice | Guarantees | Investment Project Financing | FY 2021 | Seq No: 1 | ARCHIVED on 04-May-2021 | ISR45888 | Implementing Agencies: National Electric Grid of Uzbekistan (NES), Ministry of Finance Key Dates Key Project Dates Bank Approval Date: 22-Sep-2020 Effectiveness Date: 11-Dec-2020 Original Closing Date: 31-Dec-2023 Revised Closing Date: 31-Dec-2023 Guarantee Expiration Date: :31-Dec-2041 Guarantee Information GU INFO TBL Coverage: [ ] Loan Guarantee [✓] Payment guarantee Type of Implementing entity: Private (a) NES as the Project off-taker, and (b) Nur Navoi Guarantee beneficiary: Solar Foreign Enterprise LLC (Project Company) Guarantee Fees UpFront pdoTable Project Development Objectives Project Development Objective The development objective is to increase electricity generation capacity through private investment in the energy sector. Has the Project Development Objective been changed since Board Approval of the Project Objective? No 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 project has recently become effective and is still in at early stage of implementation to report on progress. 5/4/2021 Page 1 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Navoi Scaling Solar Independent Power Producer Project (P170598) Key Government Actions / Commitments Action Description Status Follow up on the Environmental and Social and Health and Safety conditions Safeguards In Progress Guarantee Conditions Precedent Description Status Conditions precedent to effectiveness are fulfilled. Complied with Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- -- Substantial Macroeconomic -- -- Substantial Sector Strategies and Policies -- -- Substantial Technical Design of Project or Program -- -- Moderate Institutional Capacity for Implementation and -- -- Substantial Sustainability Stakeholders -- -- Moderate Other -- -- Moderate Overall -- -- Substantial Results PDO Indicators by Objectives / Outcomes Power generation capacity increase (renewable/solar) / Diversify electricity generation IN00974454 ►Power generation capacity constructed (renewable/solar) (Gigawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 22-Sep-2020 -- 23-Apr-2021 30-Jun-2023 Electricity supply (renewable/solar) / Security of supply IN00974528 ►Electricity supplied by the Project into the grid (renewable/solar) (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target 5/4/2021 Page 2 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Navoi Scaling Solar Independent Power Producer Project (P170598) Value 0.00 -- 0.00 270.00 Date 22-Sep-2020 -- 23-Apr-2021 30-Jun-2023 Private sector participation / financing IN00974621 ►Private capital mobilized (equity/debt) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 50,000,000.00 Date 22-Sep-2020 -- 23-Apr-2021 30-Jun-2023 Climate Change / decarbonization IN00974622 ►Greenhouse gas emissions avoided (CO2) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 156,000.00 Date 22-Sep-2020 -- 23-Apr-2021 30-Jun-2023 Overall Comments PDO The Plant is currently at early stage of construction. Intermediate Results Indicators by Components Navoi Scaling Solar PV Plant IN00974623 ►Physical implementation progress in generation project capacity constructed (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 10.00 100.00 Date 22-Sep-2020 -- 23-Apr-2021 30-Jun-2022 IN00974630 ►Project commissioning completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 22-Sep-2020 -- 23-Apr-2021 30-Jun-2022 Overall Comments IR The Plant is currently at early stage of construction. 5/4/2021 Page 3 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Navoi Scaling Solar Independent Power Producer Project (P170598) Data on Financial Performance Guarantee Amount Project Guarantee No. Status Currency Original Revised Cancelled Current Amount P170598 IBRD-G3240 Effective USD 5.10 5.10 0 5.10 Guarantee Dates Orig. Guarantee Rev. Guarantee Project Guarantee No Status Approval Date Signing Date Effectiveness Date Expiration Date Expiration Date P170598 IBRD-G3240 Effective 22-Sep-2020 19-Nov-2020 11-Dec-2020 Related Project(s) There are no related projects. 5/4/2021 Page 4 of 4