The World Bank                                                                                                                                                  Report No: ISR12381


                                                                                                     Implementation Status & Results
                                                                                                  Pakistan
                                                         Pakistan Community-Based Renewable Energy Development in Northern Areas and Chithral (P101640)
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                         Operation Name: Pakistan Community-Based Renewable Energy Development Project Stage:               Implementation           Seq.No: 4     Status: DRAFT         Last Modified Date: 29-Oct-2013
                                          in Northern Areas and Chithral (P101640)
                                                                           Country: Pakistan                                          Approval FY:          2008
                         Product Line: Carbon Offset                       Region: SOUTH ASIA                                         Lending Instrument:
                         Implementing Agency(ies): Aga Khan Rural Support Programme
                         Key Dates
                         Board Approval Date    30-Jun-2008         Original Closing Date 30-Jun-2015                Last Archived ISR Date 08-Jun-2013
                         Effectiveness Date     19-May-2009         Revised Closing Date 31-Dec-2014


                         Overall Ratings
                                                                Previous Rating                           Current Rating
                         Progress towards achievement of PDO    Moderately Unsatisfactory                 Moderately Unsatisfactory
                         Overall Implementation Progress (IP)   Moderately Unsatisfactory                 Moderately Unsatisfactory
                         Overall Risk Rating


                         Implementation Status Overview
                         The progress against PDO is as follows:

                         # Increase access to modern energy from renewable energy sources:
                         38 Micro Hydel Plants (MHPs) with a total capacity of over 5 MW have been completed and are operational. End of project target is 90.

                         # Reduce global emissions of carbon dioxide (the current project target is approximately 180,000 tCO2e between October 2009 and October 2016. Out of 180,000 tCO2e, the IBRD
                         as trustees of the two carbon funds are expected to purchase 84,859 CERs in total unless the IBRD as Trustee of the UCF T2 exercises a call option specified in the UCF T2 ERPA.):
                         (i) the CBREDP generated 6,107 tCO2e of CERs for the monitoring period from October 29, 2009 to March 31, 2011.
                         (ii) Verification of an additional 21,285 tCO2e of CERs for the period from April 1, 2011 to March 31, 2013 is in progress.
                         (iii) The total for the CBREDP, thus far, is 27,392 tCO2e of CERs
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                         Locations
                         Country                                                  First Administrative Division                   Location                                         Planned             Actual
                         Pakistan                                                 Gilgit-Baltistan                                Northern Areas

                         Pakistan                                                 North West Frontier Province                    Chitral District


                         Key Decisions Regarding Implementation
                         Progress of the project towards achieving PDO and implementation performance, both, continue to be rated Moderately Unsatisfactory (MU).


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                             The World Bank               Report No: ISR12381



                         Related Projects
                         There are no related projects.
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