The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT PROJECT (P093765) GAS SECTOR DEVELOPMENT PROJECT (P093765) EUROPE AND CENTRAL ASIA | Turkey | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2006 | Seq No: 25 | ARCHIVED on 21-Oct-2021 | ISR48515 | Implementing Agencies: BORU HATLARI ILE PETROL TAŞIMA A.Ş. (BOTAŞ), BORU HATLARI ILE PETROL TAŞIMA A.Ş. (BOTAŞ) Key Dates Key Project Dates Bank Approval Date: 29-Nov-2005 Effectiveness Date: 07-Mar-2006 Planned Mid Term Review Date: 15-Apr-2012 Actual Mid-Term Review Date: 15-Apr-2012 Original Closing Date: 31-Dec-2012 Revised Closing Date: 31-Dec-2021 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project objective is to increase the reliability and stability of gas supply in Turkey by implementing critically needed gas storage and network infrastructure, and support BOTAS in strengthening its operations as a financially stable and commercially managed corporation. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Underground storage:(Cost $607.00 M) Network expansion:(Cost $88.00 M) Supervision Consultant:(Cost $15.60 M) Environmental Monitoring Consultant:(Cost $2.60 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The project continues to make good progress in finalizing its construction and continuing some initial operations. The World Bank loan is closing on December 31, 2021. mpaTable Multiphase Programmatic Approach (MPA) Status mpaTableBody 10/21/2021 Page 1 of 5 The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT PROJECT (P093765) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Substantial Substantial Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Low Low Institutional Capacity for Implementation and -- Moderate Moderate Sustainability Fiduciary -- Moderate Moderate Environment and Social -- Substantial Substantial Stakeholders -- Low Low Other -- Low Low Overall -- Moderate Moderate Results PDO Indicators by Objectives / Outcomes Increase reliability and stability of gas supply by implementing storage and network infrastructure IN01047164 ►Increased natural gas storage capacity. [Phase 1: 0.48 bcm by 2016, Phase 2: 1.20 bcm by end-2021] (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.90 0.90 1.20 bcm Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 IN01047176 ►Increased capacity of transmission lines to carry gas. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 22 BCM/ year 108 BCM/year 108 BCM/year 40 BCM/year Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 IN01047178 ►Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 10/21/2021 Page 2 of 5 The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT PROJECT (P093765) Value 6,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00 Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 IN01047179 Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 50.00 50.00 50.00 50.00 Strengthen BOTAS operations as a financially stable and commercially managed corporation IN01047165 ►Storage operates as separate business unit to ensure independence and open access. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 IN01047177 ►Achievement of agreed financial targets (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Yes Yes Yes Yes Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 Intermediate Results Indicators by Components Underground storage IN01047180 ►Storage capacity is built with completion of Phase 1 in 2016 and Phase 2 in 2020 (% completion). (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0% / 0% 100%/50% 100%/50% 100% / 100% Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 IN01047182 ►Comprehensive costs available for storage on a stand alone basis: Project cost information collected (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value Yes Yes Yes Yes Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 IN01047183 ►Comprehensive cost available for storage on a stand alone basis: Storage business established. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes 10/21/2021 Page 3 of 5 The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT PROJECT (P093765) Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 IN01047184 ►Achievement of agreed financial targets - Debt Service Coverage Ratio (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.20 0.00 0.00 1.20 Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 Network expansion IN01047181 ►Compressor capacity of system increasing (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Increased capacity of Value 0 MW 385 MW 385 MW 70 MW Date 31-Dec-2005 01-Mar-2021 01-Oct-2021 31-Dec-2021 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P093765 IBRD-73420 Closed USD 325.00 325.00 0.00 325.00 0.00 100% P093765 IBRD-83490 Effective USD 400.00 400.00 0.00 357.78 42.22 89% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P093765 IBRD-73420 Closed 29-Nov-2005 02-Feb-2006 07-Mar-2006 31-Dec-2012 30-Sep-2014 P093765 IBRD-83490 Effective 02-Jul-2014 02-Oct-2014 20-Nov-2014 31-Dec-2020 31-Dec-2021 Cumulative Disbursements 10/21/2021 Page 4 of 5 The World Bank Implementation Status & Results Report GAS SECTOR DEVELOPMENT PROJECT (P093765) Restructuring History Level Approved on 21-Dec-2012 ,Level 2 Approved on 06-Dec-2013 ,Level 2 Approved on 22-May-2014 ,Level 2 Approved on 30-Dec-2020 Related Project(s) P133565-Gas Sector Development Additional Financing 10/21/2021 Page 5 of 5