Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) Geothermal Clean Energy Investment Project (P113078) EAST ASIA AND PACIFIC | Indonesia | Energy and Mining Global Practice | IBRD/IDA | Specific Investment Loan | FY 2012 | Seq No: 5 | ARCHIVED on 31-Dec-2014 | ISR17338 | Implementing Agencies: Pertamina Geothermal Energy Key Dates Key Project Dates Board Approval date:26-Jul-2011 Effectiveness Date:29-Jun-2012 Planned Mid Term Review Date:16-Mar-2015 Actual Mid-Term Review Date:13-Oct-2014 Original Closing Date:31-Mar-2015 Revised Closing Date:31-Mar-2015 Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective of the proposed project is to increase power generation from renewable geothermal resources, and reduce local and global environmental impacts. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name 1 - Investment in Geothermal Power Generation Capacity (US$574.7 million):(Cost $574.70 M) 2 - Technical Assistance for Capacity Building (US$6.95 million):(Cost $6.95 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  --  Moderate Implementation Status and Key Decisions 12/31/2014 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) The Project has made a significant progress in the last six months although it has not yet made quantifiable progress toward its outcome indicator targets due to slow start up in the first two years of implementation. The second resource drilling program,underway in both fields has produced positive results. The contracts for Design, Supply and Contruction of the steam gathering systems and power plants was compelted and civil work started in both fields. The project's objectives are likely to be achieved only if the implementation period is extended. The next supervision is planned for April - May 2014. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  Low Macroeconomic  --  --  Low Sector Strategies and Policies  --  --  Low Technical Design of Project or Program  --  --  Moderate 12/31/2014 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) Institutional Capacity for Implementation and Sustainability  --  --  Substantial Fiduciary  --  --  Moderate Environment and Social  --  --  Moderate Stakeholders  --  --  Low Other  --  --  -- Overall  --  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL  New geothermal power generation capacity installed directly financed by the World Bank loan (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 150.00 Date 26-Jul-2011 28-Feb-2014 02-Dec-2014 31-Mar-2015 PHINDPDOTBL  Avoided local air pollution (NOX, SO2, TSP) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 3,000 tonnes of NOX 0 tonnes of NOX 0 tonnes of NOX 0 tonnes of NOX 5,400 tonnes of Value 0 tonnes of SO2 0 tonnes of SO2 0 tonnes of SO2 SO2 0 tonnes of TSP 0 tonnes of TSP 0 tonnes of TSP 2,500 tonnes of TSP Date 26-Jul-2011 28-Feb-2014 02-Dec-2014 31-Mar-2015 PHINDPDOTBL  Avoided global GHG pollution (CO2) (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1100000.00 Date 26-Jul-2011 28-Feb-2014 02-Dec-2014 31-Mar-2015 12/31/2014 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) PHINDPDOTBL  Contribute towards PGE becoming a leading geothermal developer (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 232.00 402.00 402.00 700.00 Date 26-Jul-2011 28-Feb-2014 02-Dec-2014 31-Mar-2015 PHINDPDOTBL  Ensure technical, environmental and social practices in line with industry standards during project preparation. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target It is aimed that by 2015 Feasibility studies are feasibility Feasibility studies have Feasibility studies have Value under par of industry studies should been completed been completed standards. meet good industry practice. Date 26-Jul-2011 28-Feb-2014 02-Dec-2014 31-Mar-2015 PHINDPDOTBL  Maintain operation availability of geothermal power plants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.85 0.85 0.90 0.85 Date -- 28-Feb-2014 02-Dec-2014 31-Mar-2015 PHINDPDOTBL  Generation Capacity of Renewable Energy (other than hydropower) constructed (Megawatt, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 150.00 Date -- 10-Jun-2014 02-Dec-2014 31-Mar-2015 PHINDPDOTBL  Generation Capacity of Renewable Energy constructed-Geo-thermal (Megawatt, Core Breakdown) 12/31/2014 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 150.00 Date -- 10-Jun-2014 02-Dec-2014 31-Mar-2015 Overall Comments Intermediate Results Indicators PHINDIRITBL  Minimum of 2 EPC contracts signed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 0 2 2 Date 26-Dec-2011 28-Feb-2014 02-Dec-2014 30-Sep-2014 PHINDIRITBL  Yearly agreement reached between PGE and Partner on support program (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Agreement Value Partner not procured Agreement reached Agreement reached reached Date 01-Jan-2012 28-Feb-2014 02-Dec-2014 31-Mar-2015 PHINDIRITBL  World Bank approval of yearly training program (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Training Program has Training Training Program yet to be Training Program has Value been submitted and Program approved not been submitted approved approved Date 01-Jan-2012 28-Feb-2014 02-Dec-2014 31-Dec-2015 12/31/2014 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) PHINDIRITBL  Minimum of 40 staff trained in key workshops each year (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 37.00 84.00 120.00 Date 01-Apr-2012 28-Feb-2014 02-Dec-2014 31-Mar-2015 PHINDIRITBL  IT software purchased, installed, and being utilized by PGE staff (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Software List of new software has Software installed & installed, Value Software not installed been submitted and utilized by PGE staff utilized by PGE approved staff Date 01-Jan-2012 28-Feb-2014 02-Dec-2014 31-Mar-2013 PHINDIRITBL  Bid documents including FEED issued for one geothermal plant; Studies issued for new developments/investments (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Bid Bid documents/studies not Value Bid document issued. Bid document issued. documents/stud issued ies issued Date 01-Jan-2012 28-Feb-2014 02-Dec-2014 31-Dec-2015 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P113078 IBRD-80820 Effective USD 175.00 175.00 0.00 2.77 172.23 2% P113078 TF-10407 Effective USD 125.00 125.00 0.00 14.27 110.73 11% P113078 TF-11854 Effective USD 6.95 6.95 0.00 3.85 3.10 55% 12/31/2014 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Geothermal Clean Energy Investment Project (P113078) Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P113078 IBRD-80820 Effective 26-Jul-2011 05-Dec-2011 29-Jun-2012 31-Mar-2015 31-Mar-2015 P113078 TF-10407 Effective 26-Jul-2011 05-Dec-2011 29-Jun-2012 31-Mar-2015 31-Mar-2015 P113078 TF-11854 Effective 24-May-2012 24-May-2012 24-May-2012 31-Mar-2015 31-Mar-2015 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/31/2014 Page 7 of 7 Public Disclosure Copy