Public Disclosure Copy The World Bank Implementation Status & Results Report Solomon Islands Sustainable Energy (P100311) Solomon Islands Sustainable Energy (P100311) EAST ASIA AND PACIFIC | Solomon Islands | Energy & Extractives Global Practice | IBRD/IDA | Specific Investment Loan | FY 2009 | Seq No: 9 | ARCHIVED on 02-Oct-2015 | ISR20036 | Implementing Agencies: Solomon Islands Electricity Authority Key Dates Key Project Dates Board Approval date:08-Jul-2008 Effectiveness Date:25-Jun-2009 Planned Mid Term Review Date:-- Actual Mid-Term Review Date:-- Original Closing Date:30-Dec-2012 Revised Closing Date:30-Jun-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the project is to improve operational efficiency, system reliability and financial sustainability of SIEA through:improved financial and operational management, reduction of losses, and increased revenue collection. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured)PHRPDODEL The objective of the project is to improve operational efficiency, system reliability and financial sustainability of SIEA. Components Name Strengthening Management:(Cost $1.59 M) Financial Operations:(Cost $0.57 M) Technical Operations:(Cost $2.15 M) Contingency Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Unsatisfactory Overall Risk Rating  Substantial  Substantial 10/2/2015 Page 1 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Solomon Islands Sustainable Energy (P100311) Implementation Status and Key Decisions There have been improvements in progressing SIEA’s overall capital works activities, due to an increase in SIEA’s capacity in the area of engineering expertise and capital works management. SIEA has commissioned the new 11 kV switchgear in Honiara Substation under the project and construction of the new Power House at Lungga Power Station (10MW) is well advanced, with all four 2.5MW generation sets now installed in the new building. The procurement of the next stage of capital works activities - the Honiara Feeder 12 relocation and upgrades to the Kola'a Ridge and Ranadi Substation, is also at an advanced stage. Implementation of other technical assistance activities is now underway, including the Cost of Service and Tariff review and the procurement to undertake a Power System Modelling study. The SIEA’s financial performance remains strong, with its third year of unqualified audited Financial Statements showing a Net Profit of SBD91.4 million (~US$11.5 million) on an operating income of SBD464 million (~US$58.2 million). The SIEA has eliminated past losses and has helped reconstitute their balance sheet, and is enabling investment in long overdue capital works to improve efficiency, reliability and access to services. The Bank team is providing continued implementation support to the implementing agency in order to accelerate the procurements under the additional financing. 10/2/2015 Page 2 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Solomon Islands Sustainable Energy (P100311) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Substantial  Substantial Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Low  Low Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  Substantial  Substantial Fiduciary  --  Substantial  Substantial Environment and Social  --  Moderate  Moderate Stakeholders  --  Moderate  Moderate Other  --  --  -- Overall  --  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Quarterly financial management reports, and rolling projections for SIEA performance within 14 days after end of each quarter (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value None 4 4 4 Date 31-Dec-2007 15-Oct-2014 31-Jul-2015 30-Jun-2017 PHINDPDOTBL  Number of days between due date of tariff, and if not paid , notice of arrear (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1 year 20 15 10 days Date 31-Dec-2007 15-Oct-2014 31-Jul-2015 30-Jun-2017 10/2/2015 Page 3 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Solomon Islands Sustainable Energy (P100311) PHINDPDOTBL  Generator efficiency improved (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Lungga 06 (L06) 85% Lungga 06 (L06) 00% Lungga 06 (L06) 80% Lungga 06 (L06) 80% Lungga 08 Value Lungga 08 (L08) 55% Lungga 08 (L08) 75% Lungga 08 (L08) 75% (L08) 85% Lungga 10 (L10) 40% Lungga 10 (L10) 90% Lungga 10 (L10) 95% Lungga 10 (L10) 85% Date 31-Dec-2007 30-Jul-2014 31-Jul-2015 30-Jun-2017 PHINDPDOTBL  System Average Interruption Duration Index (SAIDI) (Minutes, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 51840.00 4512.00 4000.00 2000.00 Date 31-Dec-2007 30-Jun-2014 31-Jul-2015 30-Jun-2017 PHINDPDOTBL  System Average Interruption Frequency Index (SAIFI) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 816 72 70 85 Date 31-Dec-2007 30-Jun-2014 31-Jul-2015 30-Jun-2017 PHINDPDOTBL  System losses (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 27% 9.3% 10.0% 14% Date 31-Dec-2007 30-Jun-2014 31-Jul-2014 30-Jun-2017 PHINDPDOTBL  Average number of debtor days to collect billed revenue (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 10/2/2015 Page 4 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Solomon Islands Sustainable Energy (P100311) Data unavailable due Value 360 days to new billing system 39.8 15 days being installed. Date 31-Dec-2007 15-Oct-2014 31-Jul-2015 30-Jun-2017 PHINDPDOTBL  Collection ratio (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Data unavailable due Value 72% to new billing system 78% 90% being installed. Date 31-Dec-2007 15-Oct-2014 31-Jul-2015 30-Jun-2017 Overall Comments Intermediate Results Indicators PHINDIRITBL  Improved System Performance on Gualdalcanal - SAIDI (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 51,840 minutes 4512 minutes 4000 minutes 2,000 minutes Date 31-Dec-2007 30-Jun-2014 31-Jul-2015 30-Jun-2017 PHINDIRITBL  Improved System Performance on Gualdalcanal - SAIFI (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 816 72 70 85 Date 31-Dec-2007 30-Jun-2014 31-Jul-2015 30-Jun-2017 10/2/2015 Page 5 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Solomon Islands Sustainable Energy (P100311) PHINDIRITBL  Commissioning of 5MVA 33kV/11kV transformer and a second 33 kV switchboard at Ranadi (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 13-Feb-2014 19-Dec-2014 31-Jul-2015 30-Jun-2017 PHINDIRITBL  Kola'a Ridge 33/11kV substation commissioned with one 7.5MVA transformer (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 13-Feb-2014 19-Dec-2014 31-Jul-2015 30-Jun-2017 PHINDIRITBL  Feeder 12 load relocated from Lungga 11kV generation bus to East Honiara Substation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 13-Feb-2014 19-Dec-2014 31-Jul-2015 30-Jun-2017 PHINDIRITBL  Commissioning of new Power System Control Room and Dispatch centre at Ranadi (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 13-Feb-2014 19-Dec-2014 31-Jul-2015 30-Jun-2017 10/2/2015 Page 6 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Solomon Islands Sustainable Energy (P100311) PHINDIRITBL  Commissioning of one 12.5MVA transformer and upgraded switching arrangements at Lungga Power Station (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.00 Date 13-Feb-2014 19-Dec-2014 31-Jul-2015 30-Jun-2017 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P100311 IDA-53790 Effective XDR 7.20 7.20 0.00 0.00 7.20 0% P100311 IDA-H4150 Effective XDR 2.50 2.50 0.00 2.41 0.09 96% P100311 IDA-H9130 Effective XDR 1.40 1.40 0.00 0.07 1.33 5% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P100311 IDA-53790 Effective 21-Mar-2014 01-Apr-2014 23-Jun-2014 30-Jun-2017 30-Jun-2017 P100311 IDA-H4150 Effective 08-Jul-2008 28-Jul-2008 25-Jun-2009 30-Dec-2012 30-Jun-2017 P100311 IDA-H9130 Effective 21-Mar-2014 01-Apr-2014 23-Jun-2014 30-Jun-2017 30-Jun-2017 Cumulative Disbursements 10/2/2015 Page 7 of 8 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Solomon Islands Sustainable Energy (P100311) Restructuring History Level Approved on 22-Mar-2012 Related Project(s) P122937-Sustainable Energy Project Additional Financing ,P146816-Solomon Islands Sustainable Energy, Additional Financing 10/2/2015 Page 8 of 8 Public Disclosure Copy