Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Ain Sokhna Power Project (P100047) EG-Ain Sokhna Power Project (P100047) MIDDLE EAST AND NORTH AFRICA | Egypt, Arab Republic of | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2009 | Seq No: 18 | ARCHIVED on 18-Dec-2017 | ISR30367 | Implementing Agencies: Arab Republic of Egypt, EEHC Key Dates Key Project Dates Bank Approval Date:29-Jan-2009 Effectiveness Date:13-Aug-2009 Planned Mid Term Review Date:01-Dec-2016 Actual Mid-Term Review Date:22-Dec-2016 Original Closing Date:31-Dec-2015 Revised Closing Date:31-Dec-2018 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objectives are to (i) assist the Government of Egypt to ensure continuous electricity supply to meet demand in a sustainable manner through investment in new generation capacity; and (ii) improve the sector's financial sustainability by providing assistance to the Egyptian Electricity Holding Company (EEHC) to support sector revenue improvements. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Construction of Ain Sokhna Power Plant:(Cost $1655.33 M) Technical Assistance:(Cost $1.47 M) Generation Transmission Connection and Strengthening:(Cost $190.00 M) Physical Contingencies:(Cost $33.90 M) Price Contingencies:(Cost $16.30 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory 12/18/2017 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Ain Sokhna Power Project (P100047) Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions The project is on track to reach its objectives. The first component (power plant) is fully implemented and is now operating with 100 percent natural gas. On the second component (transmission line/substations) the project has experienced some delays, which led to the recent May 2017 project closing date extension. The mission agreed with EETC, responsible for the implementation of the transmission component, to make every effort to implement all activities within the project implementation period and to submit timely Project Progress Reports, including social and environmental information. Risks Systematic Operations Risk-rating Tool 12/18/2017 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Ain Sokhna Power Project (P100047) Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Low  Low Institutional Capacity for Implementation and Sustainability  --  Moderate  Moderate Fiduciary  --  Moderate  Moderate Environment and Social  --  Moderate  Moderate Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Generation Capacity of Conventional Generation constructed under the project (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,300.00 1,300.00 1,300.00 Date 30-Jun-2008 11-May-2017 30-Nov-2017 31-Dec-2018 PHINDPDOTBL  Meeting demand: Increase in annual electricity supply (Net) with the construction of the Ain Sokhna Power Plant (Gigawatt- hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6,367.00 6,441.00 6,000.00 Date 30-Jun-2008 11-May-2017 30-Nov-2017 31-Dec-2018 PHINDPDOTBL  Meeting the demand: Increase in annual electricity supply (Net) with the network upgrade (A1). (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 6,723.00 12/18/2017 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Ain Sokhna Power Project (P100047) Date 30-Jun-2008 11-May-2017 30-Nov-2017 31-Dec-2018 Comments The value for this indicator will remain 0 until construction of the substations and transmission lines will be completed. Only then electricity will be supplied in the transmission networks. PHINDPDOTBL  Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 7,196,267.00 7,196,267.00 7,196,267.00 Date 30-Jun-2008 11-May-2017 30-Nov-2017 31-Dec-2018 PHINDPDOTBL  Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 49.00 49.00 49.00 PHINDPDOTBL  Financial Sustainability: Electricity average tariff (Pt/kWh) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 18.00 45.00 65.00 55.00 Date 30-Jun-2008 11-May-2017 30-Nov-2017 31-Dec-2018 PHINDPDOTBL  In a Sustainable Manner: Maximum Ain Sokhna power plant capacity factor (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 60.70 73.00 75.00 12/18/2017 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Ain Sokhna Power Project (P100047) Date 04-Nov-2013 20-Feb-2017 30-Nov-2017 31-Dec-2018 PHINDPDOTBL  In a Sustainable Manner: Minimum thermal energy conversion efficiency (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 42.00 59.00 40.00 Date 30-Jun-2008 11-May-2017 30-Nov-2017 31-Dec-2018 PHINDPDOTBL  Ratio of average load shedding to peak demand (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 4.00 0.00 0.00 0.00 Date 30-Jun-2013 11-May-2017 30-Nov-2017 31-Dec-2018 Overall Comments Intermediate Results Indicators PHINDIRITBL  Progress in construction of Ain Sokhna power plant (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 30-Jun-2008 11-May-2017 30-Nov-2017 31-Dec-2018 12/18/2017 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Ain Sokhna Power Project (P100047) PHINDIRITBL  Construction of transmission lines (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10.00 10.00 100.00 Date 19-Nov-2013 11-May-2017 11-May-2017 31-Dec-2018 PHINDIRITBL  Construction of Substations (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 19-Nov-2013 11-May-2017 11-May-2017 31-Dec-2018 PHINDIRITBL  EEHC Debt Service Coverage Ratio (for generation only) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.52 2.52 2.52 1.40 Date 30-Jun-2007 11-May-2017 11-May-2017 31-Dec-2018 PHINDIRITBL  Grievances registered related to delivery of project benefits addressed (%) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 100.00 100.00 Date 24-Feb-2017 11-May-2017 11-May-2017 31-Dec-2018 Overall Comments 12/18/2017 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Ain Sokhna Power Project (P100047) Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P100047 IBRD-76330 Effective USD 600.00 600.00 0.00 442.47 157.53 74% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P100047 IBRD-76330 Effective 29-Jan-2009 15-Mar-2009 13-Aug-2009 31-Dec-2015 31-Dec-2018 Cumulative Disbursements Restructuring History Level 2 Approved on 04-Dec-2013 ,Level 2 Approved on 27-Mar-2017 Related Project(s) 12/18/2017 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Ain Sokhna Power Project (P100047) There are no related projects. 12/18/2017 Page 8 of 8 Public Disclosure Copy