Public Disclosure Copy The World Bank Implementation Status & Results Report FCS RE Segou Solaire Mali Project (P148355) FCS RE Segou Solaire Mali Project (P148355) AFRICA WEST | Mali | Energy & Extractives Global Practice | Guarantees | Investment Project Financing | FY 2017 | Seq No: 5 | ARCHIVED on 21-Jan-2022 | ISR49676 | Implementing Agencies: Republic of Mali, EDM, Ministry of Economy and Finance Key Dates Key Project Dates Bank Approval Date: 08-Jun-2017 Effectiveness Date: -- Original Closing Date: 30-Sep-2019 Revised Closing Date: 30-Sep-2019 Guarantee Expiration Date: : Guarantee Information GU INFO TBL Coverage: [✓] Loan Guarantee [ ] Payment guarantee Type of Implementing entity: Private Guarantee beneficiary: Government of Mali, EDM and Project developer Guarantee Fees UpFront pdoTable Project Development Objectives Project Development Objective The Project Development Objective is to promote the introduction of grid-connected renewable energy in Mali through an IPP 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 Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Unsatisfactory Overall Risk Rating High High Implementation Status and Key Decisions The council of Ministers in Mali has approved the revised project concession agreement on March 31, 2021. 1/21/2022 Page 1 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report FCS RE Segou Solaire Mali Project (P148355) Key Government Actions / Commitments Action Description Status Following renegotiation of the power purchase agreement between the project developer and EDM, the concession agreement has been revised to take into account Approval of the revised Concession Agreement and State Guarantee Agreement by the new agreed Completed the Council of Ministers tariff, duration and tax regime. The signing of all project related agreements is pending the approval of the revised Concession Agreement and the State Guarantee by the Council of Ministers. Guarantee Conditions Precedent Description Status Adoption of a least cost generation plan Not yet due Publication of an economic justification note for a contracted 200 Not yet due MW emergency diesel power supply Adoption of an operational performance improvement of EDM Not yet due Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- High High Macroeconomic -- Substantial Substantial 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 -- High High Overall -- High High 1/21/2022 Page 2 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report FCS RE Segou Solaire Mali Project (P148355) Results PDO Indicators by Objectives / Outcomes to promote the introduction of grid-connected renewable energy in Mali through an IPP IN01083010 ►Generation capacity of energy constructed or rehabilitated (Megawatt, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 33.00 Date 01-Jul-2016 14-May-2021 10-Dec-2021 30-Jun-2022 Generation capacity of energy constructed MWp Comments: IN01083016 Renewable energy generation capacity (other than hydropower) constructed under the project (Megawatt, Corporate Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 33.00 Date 01-Jul-2016 14-May-2021 10-Dec-2021 30-Jun-2022 IN01083017 ►Reduction of CO2 emissions (tons) (Metric tons/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 46,000.00 Date 15-Jun-2017 14-May-2021 10-Dec-2021 30-Dec-2022 Number of tons of CO2 reduced per year Comments: Intermediate Results Indicators by Components NA IN01083018 ►Private capital mobilized (EUR) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 8,500,000.00 Date 01-Jul-2016 14-May-2021 10-Dec-2021 30-Jun-2022 IN01083019 ►Commissioning test completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 01-Jul-2016 14-May-2021 10-Dec-2021 30-Jun-2022 IN01083020 ►Stakeholder engagement (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 1/21/2022 Page 3 of 4 Public Disclosure Copy The World Bank Implementation Status & Results Report FCS RE Segou Solaire Mali Project (P148355) Value 60.00 60.00 60.00 100.00 Date 01-Jul-2016 14-May-2021 10-Dec-2021 30-Jun-2022 Data on Financial Performance Guarantee Amount Project Guarantee No. Status Currency Original Revised Cancelled Current Amount P148355 IDA-G2500 Closed EUR 5.60 5.60 0 5.60 Guarantee Dates Orig. Guarantee Rev. Guarantee Project Guarantee No Status Approval Date Signing Date Effectiveness Date Expiration Date Expiration Date P148355 IDA-G2500 Closed 08-Jun-2017 Related Project(s) There are no related projects. 1/21/2022 Page 4 of 4