Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Sector Development Project (P144573) Energy Sector Development Project (P144573) EAST ASIA AND PACIFIC | Tuvalu | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2015 | Seq No: 6 | ARCHIVED on 07-Dec-2017 | ISR29018 | Implementing Agencies: Government of Tuvalu, Tuvalu Electricity Corporation Key Dates Key Project Dates Bank Approval Date:26-Jan-2015 Effectiveness Date:06-May-2015 Planned Mid Term Review Date:28-May-2018 Actual Mid-Term Review Date:-- Original Closing Date:31-Mar-2019 Revised Closing Date:31-Mar-2019 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective (PDO) is to enhance Tuvalu’s energy security by reducing its dependence on imported fuelfor power generation and by improving the efficiency and sustainability of its electricity system. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Renewable Energy Investments:(Cost $7.40 M) Energy Efficiency Investments:(Cost $1.20 M) Technical Assistance and Project Management Support:(Cost $0.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  Substantial  Substantial 12/7/2017 Page 1 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Sector Development Project (P144573) Implementation Status and Key Decisions Progress under the Project, while slower than anticipated, is moving. The Project Implementation Unit (PIU) currently includes TEC’s General Manager as the Project Manager, a Procurement Adviser and a Project Officer, and an Energy Specialist has been engaged to work closely with the Procurement Specialist to advance key procurements. Activities supported under the Project comprise two main contracts: (i) Solar PV+Wind+Storage and control system package (renewable energy package) under Component 1 (which accounts for more than 80% of Project funds); and (ii) prepaid meters package under Component 2 (about 10% of Project funding). The renewable energy package should be advertised before end-December 2017 and the prepaid meters contract is out for bid. Following award of the contracts, disbursements under the Project are expected to pick up. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  Moderate  Moderate Macroeconomic  Substantial  Substantial  Substantial Sector Strategies and Policies  Moderate  Moderate  Moderate Technical Design of Project or Program  Substantial  Substantial  Substantial Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Substantial Fiduciary  Substantial  Substantial  Substantial Environment and Social  Substantial  Substantial  Low Stakeholders  Moderate  Moderate  Moderate Other  --  --  -- Overall  Substantial  Substantial  Substantial Results Project Development Objective Indicators PHINDPDOTBL  Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,500.00 Date 30-Dec-2014 15-Jun-2017 16-Nov-2017 31-Mar-2019 12/7/2017 Page 2 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Sector Development Project (P144573) PHINDPDOTBL  Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 PHINDPDOTBL  Projected lifetime fuel savings (Mega Joules (MJ), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 15,693,382.00 Date 30-Dec-2014 15-Jun-2017 16-Nov-2017 31-Mar-2019 PHINDPDOTBL  Projected lifetime energy savings (Megawatt hour(MWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,724.00 Date 30-Dec-2014 15-Jun-2017 16-Nov-2017 31-Mar-2019 PHINDPDOTBL  Debtor days (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 -- 100.00 10.00 Date 30-Dec-2014 -- 16-Nov-2017 31-Mar-2019 Overall Comments Intermediate Results Indicators 12/7/2017 Page 3 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Sector Development Project (P144573) PHINDIRITBL  Generation Capacity of Renewable Energy (other than hydropower) constructed (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1.13 Date 30-Dec-2014 15-Jun-2017 16-Nov-2017 31-Mar-2019 PHINDIRITBL  Generation Capacity of Renewable Energy constructed – Wind (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 0.20 Date 30-Dec-2014 15-Jun-2017 16-Nov-2017 31-Mar-2019 PHINDIRITBL  Generation Capacity of Renewable Energy constructed-Solar (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 0.93 Date 30-Dec-2014 15-Jun-2017 16-Nov-2017 31-Mar-2019 PHINDIRITBL  Enable remote monitoring of RE Projects in 3 outer islands (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 30-Dec-2014 -- 16-Nov-2017 31-Mar-2019 12/7/2017 Page 4 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Sector Development Project (P144573) PHINDIRITBL  Percentage of customers with prepaid meters (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 30-Dec-2014 -- 16-Nov-2017 31-Mar-2019 PHINDIRITBL  Prepaid Customers Feedback (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 50.00 PHINDIRITBL  Achievement of agreed Training Plan (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 100.00 Date 30-Dec-2014 -- 16-Nov-2017 31-Mar-2019 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P144573 IDA-D0290 Effective USD 7.00 7.00 0.00 0.36 6.39 5% P144573 TF-18949 Effective USD 2.10 2.10 0.00 0.12 1.98 6% 12/7/2017 Page 5 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Sector Development Project (P144573) Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P144573 IDA-D0290 Effective 26-Jan-2015 25-Feb-2015 06-May-2015 31-Mar-2019 31-Mar-2019 P144573 TF-18949 Effective 25-Feb-2015 25-Feb-2015 06-May-2015 31-Dec-2017 31-Dec-2017 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/7/2017 Page 6 of 6 Public Disclosure Copy