The World Bank Implementation Status & Results Report Noor Solar Power Project (P131256) Noor Solar Power Project (P131256) MIDDLE EAST AND NORTH AFRICA | Morocco | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2015 | Seq No: 10 | ARCHIVED on 09-Apr-2020 | ISR39686 | Implementing Agencies: MASEN, MASEN Key Dates Key Project Dates Bank Approval Date: 30-Sep-2014 Effectiveness Date: 05-May-2015 Planned Mid Term Review Date: 31-Mar-2021 Actual Mid-Term Review Date: Original Closing Date: 30-Jun-2020 Revised Closing Date: 28-Jun-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The PDO is to increase (a) installed capacity (megawatt) and (b) electricity output (megawatt-hour), especially during peak hours, of the Noor- Ouarzazate Solar Complex. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) The PDO is to increase innovative solar power generation in Morocco. Components Table Name Financing the Initial Investment:(Cost $2377.00 M) Cost Mitigation Mechanism:(Cost $199.00 M) Noor Midelt Power Plants and Associated Infrastructure Facilities:(Cost $1600.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The project is progressing satisfactorily towards project development objectives and implementation progress. The NOOR Ouarzazate Concentrated Solar Complex (comprised of three NOOR plants) has entered full operational phase since October 2018. The overall complex reached a total generation of 1229 GWh for year 2019, which can be considered to power a little more than 1 million people in Morocco. The complex performance was mostly satisfactory overall with an estimated actual generation of 77% versus expected generation. This performance is mainly due to technical issues encountered: Manpower on site for the three plants reached 230 people (100 percent local, and 11 percent women) in 2019. 4/9/2020 Page 1 of 7 The World Bank Implementation Status & Results Report Noor Solar Power Project (P131256) Additional Financing An additional financing (involving two funding sources - IBRD and Clean Technology Fund) was approved by the Board in June 2018, was signed on December 16th, 2019 and has reached effectiveness on March 6th, 2020, which broadens the scope of the project to NOOR-Midelt. The project was also restructured to partially cancel the IBRD additional financing (from US$ million 100 to 63) and extend the closing date to June 28th, 2024. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Moderate Moderate Sector Strategies and Policies -- Substantial Substantial Technical Design of Project or Program -- Substantial Substantial Institutional Capacity for Implementation and -- Moderate Moderate Sustainability Fiduciary -- Substantial Moderate Environment and Social -- Substantial Substantial Stakeholders -- Moderate Moderate Other -- Substantial Substantial Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes Increase innovative solar power generation in Morocco IN00812485 ►Noor Solar Projects Electricity Sales (GWh) (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 657.00 1,229.00 2,624.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812532 Noor Solar Projects Electricity Sales – Ouarzazate Complex (GWh) (Gigawatt-hour (GWh), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 657.00 1,229.00 1,300.00 4/9/2020 Page 2 of 7 The World Bank Implementation Status & Results Report Noor Solar Power Project (P131256) Date 31-Dec-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812533 Noor Solar Projects Electricity Sales – Midelt Complex (GWh) (Gigawatt-hour (GWh), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,324.00 Date 30-Nov-2017 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812526 ►Noor Solar Projects Electricity Sales during peak hours (GWh) (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 127.20 355.00 870.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812536 Noor Solar Projects Electricity Sales during peak hours – Ouarzazate Complex (GWh) (Gigawatt-hour (GWh), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 127.20 355.00 540.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812538 Noor Solar Projects Electricity Sales during peak hours – Midelt Complex (GWh) (Gigawatt-hour (GWh), Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 330.00 Date 13-Nov-2017 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812528 ►People provided with new or improved electricity service (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 571,231.00 1,068,658.00 2,200,000.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812540 Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 50.30 50.30 50.30 IN00812530 ►Avoided global GHG pollution (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target 4/9/2020 Page 3 of 7 The World Bank Implementation Status & Results Report Noor Solar Power Project (P131256) Value 0.00 370,263.00 711,245.00 1,270,000.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 Intermediate Results Indicators by Components Component 1- Financing for the Initial Investment IN00812522 ►Private Capital Mobilized (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 413,000,000.00 413,000,000.00 597,000,000.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812524 ►Generation capacity of energy constructed or rehabilitated (Megawatt, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 360.00 510.00 1,310.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812534 Renewable energy generation capacity (other than hydropower) constructed under the project (Megawatt, Corporate Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 360.00 510.00 1,310.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812535 Noor Ouarzazate I Capacity constructed (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 160.00 160.00 160.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812537 Noor Ouarzazate II and III Capacity constructed (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 200.00 350.00 350.00 Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812539 Noor Midelt Phase I Capacity constructed (Megawatt, Custom Breakdown) 4/9/2020 Page 4 of 7 The World Bank Implementation Status & Results Report Noor Solar Power Project (P131256) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 800.00 Date 13-Nov-2017 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812527 ►Grievances registered related to delivery of project benefits addressed (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 23-Nov-2017 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812529 ►Share of female job-recruits receiving information on training and skilled work in the Noor Midelt Phase I project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 18-Apr-2018 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812531 ►Number of hired workers on the Noor Midelt site (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,200.00 Date 18-Apr-2018 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812541 of which female (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 120.00 Component 2- Cost Mitigation Mechanism IN00812521 ►Progress of Overall Construction - Noor Ouarzazate II (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 13-Nov-2017 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812523 ►Progress of Overall Construction - Noor Ouarzazate III (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 4/9/2020 Page 5 of 7 The World Bank Implementation Status & Results Report Noor Solar Power Project (P131256) Date 30-Jun-2014 31-Dec-2018 31-Dec-2019 28-Jun-2024 IN00812525 ►Progress of Overall Construction - Noor Midelt Phase I (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 13-Nov-2017 31-Dec-2018 31-Dec-2019 28-Jun-2024 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P131256 IBRD-84400 Effective USD 400.00 400.00 0.00 166.39 207.89 44% P131256 IBRD-88470 Effective USD 100.00 63.00 37.00 0.16 62.84 0.3% P131256 TF-17509 Effective USD 119.00 119.00 0.00 119.00 0.00 100% Not P164288 TF-A7233 USD 25.00 25.00 0.00 0.00 25.00 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P131256 IBRD-84400 Effective 30-Sep-2014 19-Dec-2014 05-May-2015 30-Jun-2020 28-Jun-2024 P131256 IBRD-88470 Effective 08-Jun-2018 16-Dec-2019 06-Mar-2020 31-Dec-2022 28-Jun-2024 P131256 TF-17509 Effective 30-Sep-2014 19-Dec-2014 05-May-2015 30-Jun-2020 28-Jun-2024 Not P164288 TF-A7233 08-Jun-2018 16-Dec-2019 -- 28-Jun-2024 28-Jun-2024 Effective Cumulative Disbursements 4/9/2020 Page 6 of 7 The World Bank Implementation Status & Results Report Noor Solar Power Project (P131256) Restructuring History Level 2 Approved on 11-Aug-2015 ,Level 2 Approved on 24-Jun-2016 ,Level 2 Approved on 06-Dec-2019 Related Project(s) P164288-Morocco - Noor Solar Power Project Additional Financing 4/9/2020 Page 7 of 7