Public Disclosure Copy 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 | Specific Investment Loan | FY 2013 | Seq No: 5 | ARCHIVED on 21-Dec-2015 | ISR22122 | Implementing Agencies: Egyptian Electricity Holding Company, Egyptian Natural Gas Company (GASCO) Key Dates Key Project Dates Bank Approval Date:27-Jun-2013 Effectiveness Date:30-Apr-2014 Planned Mid Term Review Date:19-Sep-2016 Actual Mid-Term Review Date:-- Original Closing Date:30-Jun-2019 Revised Closing Date:30-Jun-2019 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 PHRPDODEL Components 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  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Unsatisfactory  Moderately Unsatisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions 12/21/2015 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) The Helwan South Power Project will add 1950 MW to Egypt's gross electricity generation capacity and is part of a diversified Bank program to support the Government's efforts to develop electricity sector infrastructure, community projects and advance policy reforms. The overall project implementation progress forecasts the pre-commissioning of the power plant June 2018 and full operations by end December 2018, which is within the project closing date of June 30, 2019. The Project Development objective remains relevant and recent major gas discovery in Egypt changes the energy landscape, reducing the country’s dependency on gas imports in the future. In this regard, the project is being restructured to utilize the savings to strengthen the upstream gas supply infrastructure which further reduces the fuel supply risk to the power plant. Risks Systematic Operations Risk-rating Tool 12/21/2015 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Substantial  Substantial Sector Strategies and Policies  --  Substantial  Substantial 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  --  High  High Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Generation Capacity of Conventional Generation constructed under the project (Megawatt, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1950.00 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDPDOTBL  Annual net electricity generation (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 13447.00 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDPDOTBL  Thermal energy conversion efficiency (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 40.00 12/21/2015 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Date 31-Dec-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDPDOTBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 7391000.00 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDPDOTBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 49.00 Overall Comments Intermediate Results Indicators PHINDIRITBL  Procurement progress (Bank financed packages) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 3.00 90.00 100.00 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 12/21/2015 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) PHINDIRITBL  Construction Progress (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 10.00 100.00 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDIRITBL  Actual cost vs Cost Estimates (overruns if >100%) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 0 0 <=100 Date 31-Dec-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDIRITBL  EEHC's current ratio (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.5 0.5 0.5 =>0.6 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDIRITBL  EEHC's DSCR (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.1 1.1 1.1 =>1.1 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 12/21/2015 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) PHINDIRITBL  Procurement Progress (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 30-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDIRITBL  Construction Progress (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDIRITBL  EGAS's current ratio (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.0 1.0 1.0 =>1.0 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 PHINDIRITBL  EGAS's DSCR (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.3 1.3 1.3 =>1.2 Date 27-Jun-2013 15-Jun-2015 14-Dec-2015 31-Dec-2018 Overall Comments Data on Financial Performance 12/21/2015 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) 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 46.53 538.87 8% 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 Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/21/2015 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) 12/21/2015 Page 8 of 8 Public Disclosure Copy