The World Bank                                                                                                                                                         Report No: ISR4035


                                                                                                    Implementation Status & Results
                                                                                                             Philippines
                                                                                        Philippines: Northwind Bangui Bay Project (P087464)
Public Disclosure Copy




                         Operation Name: Philippines: Northwind Bangui Bay Project (P087464)                      Project Stage:   Implementation         Seq.No: 1     Status: ARCHIVED        Archive Date:        04-Jun-2012
                                                                           Country: Philippines                                            Approval FY:        2005
                         Product Line: Carbon Offset                       Region: EAST ASIA AND PACIFIC                                   Lending Instrument: Specific Investment Loan
                         Implementing Agency(ies):
                         Key Dates
                         Board Approval Date    09-Dec-2004         Original Closing Date 31-Dec-2012                    Last Archived ISR Date
                         Effectiveness Date     09-Dec-2004         Revised Closing Date 31-Dec-2012


                         Overall Ratings
                                                                Previous Rating                           Current Rating
                         Progress towards achievement of PDO                                              Satisfactory
                         Overall Implementation Progress (IP)                                             Satisfactory
                         Overall Risk Rating                                                              Low

                         Implementation Status Overview
                         The project has been commissioned and has been generating certified emissions reduction (CERs) since May 2005 as the country’s first wind power facility. The wind farm has a
                         total capacity of 33 MW and has achieved a load factor in the range of 20-27%, effectively supplying about 60-70 GWh per year to the Luzon grid. In terms of CERs, the Project has
                         already delivered 173,626 tons of the 356,000 tons contract CERs under the ERPA. These represent the CERs generated during the first four monitoring periods from May 2005 to
                         March 2010. Verification of the emission reductions for the fifth monitoring period (March 2010 to February 2011) and the sixth monitoring period (February 2011 to April 2012) is
                         targeted by the third quarter of 2012 with a total of 88,711 tons of CERs expected to be certified. This would be the last verification to be done within the first seven-year crediting
                         period. The process of renewal for the second seven-year crediting period is ongoing and expected to be completed by third quarter of 2012. With annual CER generation projected
                         to be within the range of 40,000 to 45,000 tons per year, deliveries of the remaining contract CERs is expected to be easily achieved by the closing date of December 31, 2014.


                         Locations
                         Country                                                  First Administrative Division                         Location                                          Planned               Actual
Public Disclosure Copy




                         Philippines                                              Ilocos                                                Bangui Bay                                                                        ✔


                         Key Decisions Regarding Implementation
                         The client and the Bank need to closely collaborate for the CER certification process in coordination with UNFCCC for the remaining monitoring periods of the first crediting period,
                         and the updating of the Project Design Document for the second crediting period.

                         Related Projects
                         There are no related projects.




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