The World Bank Implementation Status & Results Report Second District Heating Efficiency Improvement Project (P172668) Second District Heating Efficiency Improvement Project (P172668) EUROPE AND CENTRAL ASIA | Moldova | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2020 | Seq No: 2 | ARCHIVED on 26-May-2021 | ISR46548 | Implementing Agencies: Moldova Energy Projects Implementation Unit, Republic of Moldova Key Dates Key Project Dates Bank Approval Date: 18-Jun-2020 Effectiveness Date: 29-Mar-2021 Planned Mid Term Review Date: -- Actual Mid-Term Review Date: Original Closing Date: 31-Dec-2025 Revised Closing Date: 31-Dec-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Development Objective of the Project is to increase the efficiency of the District Heating system in Chisinau. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Optimization of Heat and Electricity Generation:(Cost $92.00 M) Energy Efficiency Investments:(Cost $7.00 M) Project Management and Technical Assistance:(Cost $1.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Substantial Implementation Status and Key Decisions The loan agreement was signed by the Government on September 30, 2020 and became effective on March 29, 2021. Preparation for the procurement of the major investment packages under the project is ongoing and is expected to be completed before the end of summer. 5/26/2021 Page 1 of 6 The World Bank Implementation Status & Results Report Second District Heating Efficiency Improvement Project (P172668) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Moderate Substantial Macroeconomic Substantial Substantial Substantial Sector Strategies and Policies Moderate Moderate Moderate Technical Design of Project or Program Moderate Moderate Substantial Institutional Capacity for Implementation and Moderate Moderate Substantial Sustainability Fiduciary Moderate Moderate Substantial Environment and Social Moderate Moderate Moderate Stakeholders Moderate Moderate Moderate Other Moderate Moderate Moderate Overall Moderate Moderate Substantial Results PDO Indicators by Objectives / Outcomes Projected lifetime fuel savings IN00988499 ►Net annual CO2 emission reductions (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 603,000.00 Date 30-Apr-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 This indicator measures the net annual emission reduction from the new or reconstructed CHP capacity Comments: under the project in comparison with no project scenario under which electricity produced by MGRES. IN00988500 ►Projected Lifetime Fuel Savings (GJ) (Mega Joules (MJ), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 12,376,000.00 Date 31-Dec-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 This indicator will be tracked annually from reports of MEPIU. This indicator is intended to track and Comments: calculate corresponding fuel savings as the decreased gas needs of Termoelectica for heat and electricity production converted into GJ. 5/26/2021 Page 2 of 6 The World Bank Implementation Status & Results Report Second District Heating Efficiency Improvement Project (P172668) Intermediate Results Indicators by Components Optimization of Heat and Electricity Generation IN00988501 ►New generation capacity constructed (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 55.00 Date 30-Apr-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Comments: Power Generation capacity built under the project IN00988504 ►Additional generation capacity of electricity reconstructed (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 18.00 Date 30-Apr-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Comments: Additional generation capacity following Turbine reconstruction in source 1 CHP IN00988506 ►Share of total heat produced in cogeneration mode annually (%) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 71.80 71.80 71.80 79.30 Date 31-Dec-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Comments: Share of total heat produced in cogeneration mode annually (%) IN00988508 ►CHP generation efficiency: Ratio of electricity to heat for production in cogeneration mode (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 41.80 41.80 41.80 62.00 Date 31-Dec-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Comments: Ratio of electricity to heat for production in cogeneration mode (annual average) IN00988509 ►Closure of CHP-1 operations (Date) (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes 5/26/2021 Page 3 of 6 The World Bank Implementation Status & Results Report Second District Heating Efficiency Improvement Project (P172668) Date 30-Apr-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Comments: The termination of all CHP Source-2 operations is effective (by end 2022). IN00988510 ►Self Financing Ratio (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 40.00 40.00 40.00 70.00 Date 31-Dec-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Ratio of annual investments (in renewal and replacement of existing infrastructure excluding new facilities Comments: under the project) to net cash flow (EBIDTA-minus debt service excluding historical gas debt) IN00988511 ►Debt Service Coverage Ratio (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.10 1.10 1.10 1.10 Date 31-Dec-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Comments: Estimated net revenues of TE to be at least 1.1 times the estimated debt service requirements Energy Efficiency Investments IN00988502 ►People that gained access to more energy-efficient heat-generating facilities (Number) (Core) of which Female beneficiaries (%) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 17,500.00 Date 30-Apr-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 The indicator tracks the number of people who benefited from upgrades in more reliable and efficient heat Comments: supply through switches from GHS to IHS. 140 IHS supply each about 50 apartments with 2-3 inhabitants in each app. Female beneficiary 53% of total. IN00988505 ►Percentage of households that reported improved quality of service in buildings where IHSs were installed (%) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 70.00 Date 30-Apr-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Percentage of beneficiaries reporting better quality of hot water services and more comfortable Comments: temperatures in their households. 70% target is based on targets from similar project using same instrument to measure quality of service IN00988507 ►Percent of benefiting households who are satisfied with the process by which they have been consulted (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 5/26/2021 Page 4 of 6 The World Bank Implementation Status & Results Report Second District Heating Efficiency Improvement Project (P172668) Value 0.00 0.00 0.00 70.00 Date 30-May-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Project Management and Technical Assistance IN00988503 ►Gender-sensitive policies reviewed and strengthened. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 31-Dec-2020 23-Oct-2020 23-Oct-2020 31-Dec-2025 Comments: Baseline: No assessment (NO). Target: Gender-sensitive policies assessed and strengthened (Yes). Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P172668 IBRD-91340 Effective USD 100.00 100.00 0.00 0.00 100.00 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P172668 IBRD-91340 Effective 18-Jun-2020 30-Sep-2020 29-Mar-2021 31-Dec-2025 31-Dec-2025 Cumulative Disbursements 5/26/2021 Page 5 of 6 The World Bank Implementation Status & Results Report Second District Heating Efficiency Improvement Project (P172668) PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 5/26/2021 Page 6 of 6