Public Disclosure Copy The World Bank Implementation Status & Results Report Uzbekistan Solar and Renewable Energy Storage Project (P181434) Uzbekistan Solar and Renewable Energy Storage Project (P181434) EUROPE AND CENTRAL ASIA | Uzbekistan | Energy & Extractives Global Practice | Guarantees | Investment Project Financing | FY 2024 | Seq No: 1 | ARCHIVED on 24-Jun-2024 | ISR60834 | Implementing Agencies: Ministry of Economy and Finance, National Electric Grid of Uzbekistan (NEGU) Joint Stock Company Key Dates Key Project Dates Bank Approval Date: 03-Jan-2024 Effectiveness Date: -- Original Closing Date: 31-Dec-2025 Revised Closing Date: 31-Dec-2025 Guarantee Expiration Date: : Guarantee Information GU INFO TBL Coverage: [ ] Loan Guarantee [✓] Payment guarantee Type of Implementing entity: Public NEGU as the Project off-taker, and b) Bukhara Masdar Company as the Project Company (a Guarantee beneficiary: privately-owned company responsible for the implementation of the Project). Guarantee Fees UpFront pdoTable Project Development Objectives Project Development Objective The Project Development Objective (PDO) is to increase private sector led renewable energy supply in Uzbekistan. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Satisfactory Overall Implementation Progress (IP) -- Satisfactory Overall Risk Rating -- Moderate Implementation Status and Key Decisions 6/28/2024 Page 1 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Uzbekistan Solar and Renewable Energy Storage Project (P181434) The IBRD guarantee documents are under negotiation. Satisfactory completion of all conditions precedent will allow for guarantee effectiveness and disbursement of the Project financing. Key Government Actions / Commitments Action Description Status Guarantee Completion of negotiations In Progress documentation Guarantee Conditions Precedent Description Status Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- -- Moderate Macroeconomic -- -- Moderate Sector Strategies and Policies -- -- Substantial Technical Design of Project or Program -- -- Moderate Institutional Capacity for Implementation and -- -- Moderate Sustainability Stakeholders -- -- Moderate Other -- -- -- Overall -- -- Moderate Results PDO Indicators by Objectives / Outcomes Electricity supplied by the Solar PV plant into the grid (renewable/solar) IN01433683 ►Electricity supplied by the Solar PV plant into the grid (renewable/solar) (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 586,000.00 Date 19-Jun-2024 -- 19-Jun-2024 31-Dec-2025 BESS capacity available to provide grid services and electricity backup into the grid IN01433911 ►BESS capacity available to provide grid services and electricity backup into the grid (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/28/2024 Page 2 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Uzbekistan Solar and Renewable Energy Storage Project (P181434) Value 0.00 -- 0.00 63.00 Date 19-Jun-2024 -- 19-Jun-2024 31-Dec-2025 Private capital mobilized (equity/debt) IN01433912 ►Private capital mobilized (equity/debt) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 132,000,000.00 Date 19-Jun-2024 -- 19-Jun-2024 31-Dec-2025 Greenhouse gas emissions avoided IN01433913 ►Greenhouse gas emissions avoided (Metric tons/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 68,359.00 Date 19-Jun-2024 -- 19-Jun-2024 31-Dec-2025 Intermediate Results Indicators by Components Bukhara Solar PV and BESS IN01433916 ►Physical implementation progress in solar PV plant (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 19-Jun-2024 -- 19-Jun-2024 31-Dec-2025 IN01433917 ►Physical implementation progress in BESS (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 19-Jun-2024 -- 19-Jun-2024 31-Dec-2025 IN01433918 ►PV plant commissioning completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 19-Jun-2024 -- 19-Jun-2024 31-Dec-2025 IN01433919 ►BESS commissioning completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 19-Jun-2024 -- 31-Dec-2025 31-Dec-2025 6/28/2024 Page 3 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Uzbekistan Solar and Renewable Energy Storage Project (P181434) Data on Financial Performance Guarantee Amount Project Guarantee No. Status Currency Original Revised Cancelled Current Amount P181434 IBRD-G4120 Not Effective USD 12.00 12.00 0 12.00 Guarantee Dates Orig. Guarantee Rev. Guarantee Project Guarantee No Status Approval Date Signing Date Effectiveness Date Expiration Date Expiration Date Not P181434 IBRD-G4120 03-Jan-2024 Effective Related Project(s) There are no related projects. 6/28/2024 Page 4 of 4