The World Bank Report No: ISR8821 Implementation Status & Results China China Energy Efficiency Financing II (P113766) Public Disclosure Copy Operation Name: China Energy Efficiency Financing II (P113766) Project Stage: Implementation Seq.No: 3 Status: ARCHIVED Archive Date: 25-Dec-2012 Country: China Approval FY: 2010 Product Line: IBRD/IDA Region: EAST ASIA AND PACIFIC Lending Instrument: Financial Intermediary Loan Implementing Agency(ies): Key Dates Board Approval Date 22-Jun-2010 Original Closing Date 31-Dec-2014 Planned Mid Term Review Date 01-Oct-2013 Last Archived ISR Date 09-Apr-2012 Effectiveness Date 02-Nov-2010 Revised Closing Date 31-Dec-2014 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to improve the energy efficiency of selected enterprises, and thereby reduce their adverse environmental impacts through scaling-up commercial lending for energy efficiency investments. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) Component Name Component Cost Energy Efficiency Investment Sub-projects 100.00 Technical assistance and capacity building 0.80 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Moderately Satisfactory Public Disclosure Copy Overall Implementation Progress (IP) Moderately Satisfactory Moderately Unsatisfactory Overall Risk Rating Implementation Status Overview No IBRD loan disbursement has been made to implement energy efficiency projects since it became effective in Nov. 2010. Locations Country First Administrative Division Location Planned Actual China Beijing Shi Beijing ✔ Page 1 of 3 The World Bank Report No: ISR8821 Results Project Development Objective Indicators Public Disclosure Copy Indicator Name Core Unit of Measure Baseline Current End Target Amount of accumulated EE investments and Amount(USD) Value 0.00 0.00 1000.00 renewable commercial lending supported and Date 21-May-2010 27-Nov-2012 31-Dec-2014 leveraged by the project Comments Associated annual energy savings from the EE Number Value 0.00 0.00 2.47 investments Date 21-May-2010 27-Nov-2012 31-Dec-2014 Comments Reduction in GHGs from the EE investments Number Value 0.00 0.00 6.10 Date 21-May-2010 27-Nov-2012 31-Dec-2014 Comments Intermediate Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Cumulative amount of EE lending Amount(USD) Value 0.00 0.00 100.00 Date 21-May-2010 27-Nov-2012 31-Dec-2014 Comments Number of training courses conducted on the Number Value 0.00 2.00 8.00 operation manual Date 21-May-2010 27-Nov-2012 31-Dec-2014 Comments Environmental and social risk assessment and Text Value NA NA Completed control system strengthening plan completed Date 21-May-2010 27-Mar-2012 31-Dec-2014 and recommended to Minsheng management Comments Study of business opportunities for Minsheng in Text Value NA NA Completed carbon financing and trading is completed Date 21-May-2010 27-Nov-2012 31-Dec-2014 Public Disclosure Copy Comments Data on Financial Performance (as of 29-May-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P113766 IBRD-79350 Effective 22-Jun-2010 11-Aug-2010 02-Nov-2010 31-Dec-2014 31-Dec-2014 Disbursements (in Millions) Page 2 of 3 The World Bank Report No: ISR8821 Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P113766 IBRD-79350 Effective USD 100.00 100.00 0.00 20.25 79.75 20.00 Public Disclosure Copy Disbursement Graph Key Decisions Regarding Implementation A supervision mission was conducted in early November. The rating for the overall implementation progress has been downgraded from Moderately Satisfactory (rated in March 2012) to Moderately Unsatisfactory due to slow implementation progress. The next supervisionmission is scheduled in April 2013. Restructuring History There has been no restructuring to date. Public Disclosure Copy Related Projects There are no related projects. Page 3 of 3