The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) EG - Helwan South Power Project (P117407) MIDDLE EAST AND NORTH AFRICA | Egypt, Arab Republic of | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2013 | Seq No: 12 | ARCHIVED on 24-Jun-2019 | ISR37612 | Implementing Agencies: Egyptian Electricity Holding Company, Egyptian Natural Gas Company (GASCO), Arab Republic of Egypt Key Dates Key Project Dates Bank Approval Date: 27-Jun-2013 Effectiveness Date: 30-Apr-2014 Planned Mid Term Review Date: 15-Oct-2017 Actual Mid-Term Review Date: 22-Oct-2017 Original Closing Date: 30-Jun-2019 Revised Closing Date: 30-Jun-2019 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to increase power generation capacity in an efficient manner within the Borrower’s territory. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name The Helwan South Power Plant:(Cost $2168.90 M) Gas Pipelines:(Cost $235.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The Project Development Objective, which is to increase power generation capacity in an efficient manner, remains relevant and achievable. The Project will add 1950 MW to Egypt's gross electricity generation capacity. As of end April 2019, the overall power plant construction was at about 99 percent implementation progress and is expected to be in full operation by August 2019. 6/24/2019 Page 1 of 6 The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Substantial Substantial Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and Sustainability -- Moderate Moderate Fiduciary -- Low Low Environment and Social -- Substantial Substantial Stakeholders -- Low Low Other -- -- -- Overall -- Moderate Moderate Results PDO Indicators by Objectives / Outcomes Increase power generation capacity in an efficient manner within the Borrower’s territory IN00716051 ►Generation Capacity of Conventional Generation constructed under the project (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 2,010.00 1,950.00 Date 27-Jun-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 Achieved. Power Plant commissioning ongoing. Nominal Installed capacity-2,010MW Comments: IN00716052 ►Gas Pipelines (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.50 2.50 71.20 Date 27-Jun-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 This component includes: (i) a 1.2km gas pipeline to supply the Helwan South Power Plant (completed); and (ii) supply of materials for the construction of a 70km gas pipeline from Raven to Western Desert Gas Comments: Complex (WDGC) (completed). Installation of the 70km pipeline to be financed by GASCO and thus not included in the scope of the activities financed by the project loan. IN00716053 6/24/2019 Page 2 of 6 The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) ►Annual net electricity generation (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 13,860.00 13,447.00 Date 27-Jun-2013 30-Nov-2018 30-Nov-2018 30-Jun-2019 On target to be achieved based on the commissioning test results. Comments: IN00716054 ►Thermal energy conversion efficiency (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 40.00 40.00 Date 31-Dec-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 Achieved. This is based on the commissioning test results. Comments: IN00716055 ►Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 7,391,000.00 7,391,000.00 Date 27-Jun-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 Target achieved based on the ongoing successful commissioning tests. Comments: IN00716056 Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 49.00 49.00 Overall Comments PDO The target of increasing generation capacity is achieved- The total nominal capacity rating of the units increased to 2,010 (670MW*3) compared to the design target of 1,950MW. Length of pipelines constructed partially achieved: (i) construction of the 2.5km to supply the power plant completed; (ii) the construction of the 70km Raven-Western Desert Complex gas pipeline will not be completed before project close -the project scope was to finance the supply of materials which is completed. Intermediate Results Indicators by Components The Helwan South Power Plant IN00716057 ►Construction Progress (Percentage, Custom) 6/24/2019 Page 3 of 6 The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 96.00 99.00 100.00 Date 27-Jun-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 The overall power plant construction progress is estimated at about 99 percent as of end April 2019. Comments: IN00716059 ►Actual cost vs Cost Estimates (overruns if >100%) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 <=100 Date 31-Dec-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 Achieved- No cost overruns. Overall, there have been project savings of about 26 percent of the total loan amount mainly as a result of a competitive bidding process especially for Component A contracts and Comments: the reduction in the gas pipeline length to supply the power plant. IN00716061 ►EEHC's current ratio (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.50 0.50 0.50 =>0.6 Date 27-Jun-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 To be updated when the audit reports become available Comments: IN00716063 ►EEHC's DSCR (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.10 1.10 1.10 =>1.1 Date 27-Jun-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 To be updated when the audit reports become available. Comments: Gas Pipelines IN00716058 ►Procurement progress (Bank financed packages) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 95.00 100.00 100.00 Date 27-Jun-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 All procurements completed. Comments: IN00716060 ►EGAS's current ratio (Text, Custom) 6/24/2019 Page 4 of 6 The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 1.00 1.00 =>1.0 Date 27-Jun-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 To be updated when the audit reports become available. Comments: IN00716062 ►EGAS's DSCR (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.30 1.30 1.30 =>1.2 Date 27-Jun-2013 30-Nov-2018 10-Jun-2019 30-Jun-2019 To be updated when the audit reports become available Comments: Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P117407 IBRD-82780 Effective USD 585.40 585.40 0.00 341.93 243.47 58% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P117407 IBRD-82780 Effective 27-Jun-2013 05-Nov-2013 30-Apr-2014 30-Jun-2019 30-Jun-2019 Cumulative Disbursements 6/24/2019 Page 5 of 6 The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Restructuring History Level 2 Approved on 02-Jun-2016 Related Project(s) There are no related projects. 6/24/2019 Page 6 of 6