Public Disclosure Copy The World Bank Implementation Status & Results Report Uzbekistan Syrdarya Efficient Power Generation Project (P174323) Uzbekistan Syrdarya Efficient Power Generation Project (P174323) EUROPE AND CENTRAL ASIA | Uzbekistan | Energy & Extractives Global Practice | Guarantees | Investment Project Financing | FY 2023 | Seq No: 2 | ARCHIVED on 27-Sep-2024 | ISR60873 | Implementing Agencies: Ministry of Economy and Finance, National Electric Grid of Uzbekistan (NEGU) Key Dates Key Project Dates Bank Approval Date: 09-May-2023 Effectiveness Date: 28-Feb-2024 Original Closing Date: 31-May-2026 Revised Closing Date: 30-Jun-2026 Guarantee Expiration Date: :30-Dec-2047 Guarantee Information GU INFO TBL Coverage: [✓] Loan Guarantee [✓] Payment guarantee Type of Implementing entity: Private a) NEGU as the Project off-taker, and b) Enersok as Guarantee beneficiary: the Project Company (a 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 support efficient electricity generation and reduce greenhouse gas emissions through private investment 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 Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions 9/27/2024 Page 1 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Uzbekistan Syrdarya Efficient Power Generation Project (P174323) The Project has been under construction, and implementation of related environment and social safeguards is being monitored with the Government of Uzbekistan and Enersok, the private- developer established by a consortium of EDF, Nebras, and Sojitz. Key Government Actions / Commitments Action Description Status Expected by end IBRD guarantee effectiveness In Progress February 2024 Guarantee Conditions Precedent Description Status 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 -- Substantial Substantial Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and -- Moderate Moderate Sustainability Stakeholders -- Substantial Substantial Other -- Moderate Moderate Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes In line with a least-cost pathway to decarbonize power supply in Uzbekistan IN01435521 ►Power generation capacity units constructed (Megawatt hour(MWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,573.00 Date 17-Apr-2023 08-Feb-2024 20-Sep-2024 01-Jul-2025 Increase electricity generation IN01435522 ►Electricity supplied by the Project into the grid (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target 9/27/2024 Page 2 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Uzbekistan Syrdarya Efficient Power Generation Project (P174323) Value 0.00 0.00 0.00 12,800.00 Date 17-Apr-2023 08-Feb-2024 20-Sep-2024 30-Jun-2026 Flexible and efficient electricity generation IN01435523 ►Performance deemed compliant with PPA requirements on availability, efficiency, minimum stable load, start-up time and ramp rates (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 17-Apr-2023 08-Feb-2024 20-Sep-2024 30-Jun-2026 Intermediate Results Indicators by Components Construction and operation of a 1,573 MW combined-cycle gas-turbine (CCGT) power plant IN01435524 ►Private capital mobilized (equity/debt) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 517,000,000.00 Date 17-Apr-2023 08-Feb-2024 08-Feb-2024 01-Jul-2025 IN01435525 ►Physical implementation progress in generation project constructed (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 17-Apr-2023 08-Feb-2024 08-Feb-2024 01-Jul-2025 IN01435526 ►Project commissioning test completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 17-Apr-2023 08-Feb-2024 08-Feb-2024 01-Jul-2025 Data on Financial Performance Guarantee Amount Project Guarantee No. Status Currency Original Revised Cancelled Current Amount 9/27/2024 Page 3 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report Uzbekistan Syrdarya Efficient Power Generation Project (P174323) P174323 IBRD-G3910 Effective USD 29.00 29.00 0 29.00 Guarantee Dates Orig. Guarantee Rev. Guarantee Project Guarantee No Status Approval Date Signing Date Effectiveness Date Expiration Date Expiration Date P174323 IBRD-G3910 Effective 09-May-2023 22-Dec-2023 28-Feb-2024 Related Project(s) There are no related projects. 9/27/2024 Page 4 of 4