The World Bank                                                                                                                                           Report No: ISR1877


                                                                                                    Implementation Status & Results
                                                                                                                Brazil
Public Disclosure Copy




                                                                                                BR Lages Woodwaste Cogeneration (P091407)

                         Operation Name: BR Lages Woodwaste Cogeneration (P091407)                          Project Stage:   Implementation         Seq.No: 2     Status: ARCHIVED     Last Modified Date: 31-Jan-2011
                                                                              Country: Brazil                                        Approval FY:        2007
                         Product Line: Carbon Offset                          Region: LATIN AMERICA AND CARIBBEAN                    Lending Instrument: Specific Investment Loan
                         Implementing Agency(ies): Lages Bioenergica Ltda

                         Key Dates
                         Board Approval Date    18-Jan-2007           Original Closing Date 30-Dec-2013            Planned Mid Term Review Date                            Last Archived ISR Date 24-Feb-2010
                         Effectiveness Date     19-May-2009           Revised Closing Date 30-Dec-2013             Actual Mid Term Review Date

                         Project Development Objectives
                         Project Development Objective (from Project Appraisal Document)

                         The objective of the Project is to reduce emissions by generating energy from renewable sources by (i) substituting electricity produced by thermal plants with
                         electricity from renewable sources, using wood waste from existing wood processing units and other wood residues from legal sources in the State of Santa
                         Catarina, and (ii) avoiding methane emissions from wood waste piles, currently landfilled in most cases in an environmental harmful manner. However this
                         project only claims emission reduction credits from the avoidance of methane emissions from wood waste piles, and not from electricity generation through
                         biomass.
                         Has the Project Development Objective been changed since Board Approval of the Project?

                            Yes           No

                         Component(s)
                         Component Name                                                                                             Component Cost
                         N/A                                                                                                                    0.00
Public Disclosure Copy




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

                         Implementation Status Overview
                         The project has been commissioned and is delivering carbon emissions reductions.

                         Results



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                               The World Bank                                                                                                     Report No: ISR1877




                         Project Development Objective Indicators
Public Disclosure Copy




                         Indicator                                              Baseline                    Current                        End Target
                         Indicator Name                                         Value                       Value                          Value
                         Emission Reductions
                                                                                Date                        Date                           Date


                         Type                    Unit of Measure                Comment                     Comment                        Comment
                         Custom Indicator        Text


                         Intermediate Results Indicators
                         Indicator                                              Baseline                    Current                        End Target
                         Indicator Name                                         Value                       Value                          Value
                         Emission Reductions
                                                                                Date                        Date                           Date
                                                                                                            27-Oct-2010
                         Type                    Unit of Measure                Comment                     Comment                        Comment
                         Custom Indicator        Text

                         Data on Financial Performance (as of 29-Sep-2009)
                         Financial Agreement(s) Key Dates
                         Project               Loan No.             Status             Approval Date   Signing Date       Effectiveness Date            Closing Date
                         P091407               TF-57816             Effective          18-Jan-2007     18-Jan-2007        19-May-2009                   30-Dec-2013


                         Key Decisions Regarding Implementation
                         n/a
Public Disclosure Copy




                         Restructuring History
                         There has been no restructuring to date.

                         Related Projects
                         There are no related projects.




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