Public Disclosure Copy The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) DJ Geothermal Power Generation Project (P127143) MIDDLE EAST AND NORTH AFRICA | Djibouti | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2013 | Seq No: 10 | ARCHIVED on 05-Jun-2018 | ISR32785 | Implementing Agencies: Ministry of Economy and Finance, EDD Key Dates Key Project Dates Bank Approval Date:05-Jun-2013 Effectiveness Date:02-Jul-2014 Planned Mid Term Review Date:11-Dec-2017 Actual Mid-Term Review Date:11-Dec-2017 Original Closing Date:31-Dec-2018 Revised Closing Date:31-Dec-2018 Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to assist the Recipient in assessing the commercial viability of the geothermal resource in Fiale Caldera within the Lake Assal region. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Component 1 - Drilling Program:(Cost $27.80 M) Component 2 - Technical Assistance:(Cost $1.80 M) Component 3 - Operating Costs of the Program Management Unit:(Cost $1.60 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  High  Substantial Implementation Status and Key Decisions 6/5/2018 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) Djibouti Geothermal Power Generation Project supports a US$ 31.23 million exploratory well drilling program financed by seven donors, including the World Bank. The drilling program will follow a pre-approved test protocol and yield certified results for a potential subsequent project meant at offering the geothermal resource to a competitively selected Independent Power Producer. The civil works on-site have been completed and the first drilling will take place in July 2018. ; 6/5/2018 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  --  Substantial  Substantial Fiduciary  --  High  Substantial 6/5/2018 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) Environment and Social  --  Moderate  Moderate Stakeholders  --  Moderate  Moderate Other  --  Moderate  Moderate Overall  --  High  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Develop a fully-fledged power generation feasibility study (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target No study has been No study has been Value No study has been done. Study complete done. done. Date 26-Apr-2013 12-Nov-2017 29-May-2018 31-Dec-2018 Comments The feasibility study is financed by the African Development Bank and is expected by Q2 2019. This will therefore require an extension of the project closing date. PHINDPDOTBL  Publish periodic updates of project implementation (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target All periodic Value None Yes Yes updates published Date 26-Apr-2013 12-Nov-2017 29-May-2018 31-Dec-2018 PHINDPDOTBL  Geothermal well test protocol developed and in place (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 15-Feb-2013 12-Nov-2017 29-May-2018 31-Dec-2018 6/5/2018 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) PHINDPDOTBL  Well test results independently reviewed and certified (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 15-Feb-2013 12-Nov-2017 29-May-2018 31-Dec-2018 Overall Comments Intermediate Results Indicators PHINDIRITBL  Access to the site is constructed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 26-Apr-2013 12-Nov-2017 29-May-2018 31-Dec-2018 PHINDIRITBL  Number of wells drilled (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4.00 Date 26-Apr-2013 12-Nov-2017 29-May-2018 31-Dec-2018 6/5/2018 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) PHINDIRITBL  Joint missions by donors (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4.00 5.00 4.00 Date 26-Apr-2013 12-Nov-2017 29-May-2018 31-Dec-2018 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P127143 IDA-52620 Effective USD 6.00 6.00 0.00 3.45 2.17 61% P127143 TF-14757 Effective USD 6.04 6.04 0.00 2.56 3.48 42% P127143 TF-14765 Effective USD 1.10 1.10 0.00 0.00 1.10 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P127143 IDA-52620 Effective 05-Jun-2013 13-Oct-2013 02-Jul-2014 31-Dec-2018 31-Dec-2018 P127143 TF-14757 Effective 13-Oct-2013 13-Oct-2013 02-Jul-2014 31-Dec-2018 31-Dec-2018 P127143 TF-14765 Effective 13-Oct-2013 13-Oct-2013 02-Jul-2014 30-Jun-2018 30-Jun-2018 Cumulative Disbursements 6/5/2018 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) Restructuring History Level 2 Approved on 20-Oct-2014 ,Level 2 Approved on 22-Sep-2015 Related Project(s) There are no related projects. 6/5/2018 Page 7 of 7 Public Disclosure Copy