Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Giza North Power Project (P116194) EG-Giza North Power Project (P116194) MIDDLE EAST AND NORTH AFRICA | Egypt, Arab Republic of | Energy & Extractives Global Practice | IBRD/IDA | Specific Investment Loan | FY 2010 | Seq No: 12 | ARCHIVED on 27-Jun-2016 | ISR23972 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:08-Jun-2010 Effectiveness Date:12-Aug-2011 Planned Mid Term Review Date:01-Dec-2016 Actual Mid-Term Review Date:-- Original Closing Date:30-Jun-2015 Revised Closing Date:31-Dec-2017 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to contribute to improving the security and efficiency of electricity supply by adding a new generation capacity based on the most efficient thermal power generation technology. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Power Plant:(Cost $1647.00 M) Technical Assistance (TA):(Cost $0.55 M) Transmission Lines:(Cost $18.00 M) Gas Pipeline:(Cost $334.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Satisfactory Overall Risk Rating  Moderate  Moderate 6/27/2016 Page 1 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Giza North Power Project (P116194) Implementation Status and Key Decisions The construction of the Giza North power plant, which consists of 3 modules of 750 MW (2,250 MW in total), was completed with COD on December 31, 2015, and it was inaugurated by the President on May 18, 2016. The plant is now in full operation. The two transmission interconnections (220 kV and 500 kV) are completed and energized. The construction of the gas connection to the Giza North power plant has been completed. A restructuring in February 2016 reallocated savings from the power plant to gas connections for seven additional power plants under development in Egypt. During restructuring it was foreseen that 8 further power plants should be connected to the gas under Component 3 (6th of October, Beni Suef, Burrulus, Damanhour, El-Mahmoudia, El-Seyouf, New Capital and Suez). However, the Government informed the Bank that the El-Seyouf plant has been postponed beyond 2022. Therefore only the gas connections to 7 additional power plants will be financed from the loan. The procurement of the gas connections to these 7 power plants is well under way, with notifications for three packages issued since April 2016. 6/27/2016 Page 2 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Giza North Power Project (P116194) 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  --  Moderate  Moderate Technical Design of Project or Program  --  Low  Low Institutional Capacity for Implementation and Sustainability  --  Moderate  Moderate 6/27/2016 Page 3 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Giza North Power Project (P116194) Fiduciary  --  Moderate  Moderate Environment and Social  --  Moderate  Moderate Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Generation Capacity of Conventional Generation constructed under the project (Megawatt, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2250.00 2250.00 2250.00 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 30-Jun-2016 PHINDPDOTBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 72000000.00 72000000.00 82000000.00 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 PHINDPDOTBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 36000000.00 36000000.00 41000000.00 PHINDPDOTBL  Net generation capacity added to the system (MW) at ISO condition. (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/27/2016 Page 4 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Giza North Power Project (P116194) Value 0.00 2000.00 2250.00 2250.00 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 PHINDPDOTBL  Annual net electricity generation (GWh/year) (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10300.18 15750.00 15750.00 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 01-Mar-2017 PHINDPDOTBL  Average thermal net efficiency of the plant (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N/A 40 45 =>52 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 Overall Comments Intermediate Results Indicators PHINDIRITBL  Procurement Progress (Power Plant Component) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 30-Nov-2010 14-Dec-2015 14-Dec-2015 30-Jun-2015 6/27/2016 Page 5 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Giza North Power Project (P116194) PHINDIRITBL  Construction of Gas piplines (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 40.00 100.00 Date 26-Jan-2016 -- 01-Jun-2016 31-Dec-2017 PHINDIRITBL  Cost overruns (>1)/underruns (<1) (Power Plant Component) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 <1 <1 <=1 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 PHINDIRITBL  Construction Progress (Cumulative) (Power Plant Component) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 97.00 100.00 100.00 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 PHINDIRITBL  EEHC Current Ratio (Power Plant Component) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value =>0.5 0.4 0.4 =>0.6 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 6/27/2016 Page 6 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Giza North Power Project (P116194) PHINDIRITBL  EEHC's DSCR (Power Plant Component) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value =>1.1 1.0 1.0 =>1.2 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 PHINDIRITBL  Procurement Progress (Transmission Lines Component) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 PHINDIRITBL  Construction progress (Transmission Lines Component) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 95.00 100.00 100.00 Date 30-Nov-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 PHINDIRITBL  Procurement Progress (Gas Pipeline Component) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 30-Jun-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 6/27/2016 Page 7 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Giza North Power Project (P116194) PHINDIRITBL  Construction Progress (Gas Pipeline Component) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 96.00 100.00 100.00 Date 30-Jun-2010 14-Dec-2015 01-Jun-2016 31-Mar-2017 PHINDIRITBL  EGAS's current ratio (Gas Pipeline Component) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.0 0.9 0.9 =>1.0 Date 30-Nov-2010 14-Dec-2015 14-Dec-2015 31-Mar-2017 PHINDIRITBL  EGAS's DSCR (Gas Pipeline Component) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.3 2.3 2.3 =>1.2 Date 31-Dec-2012 14-Dec-2015 14-Dec-2015 31-Mar-2017 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P116194 IBRD-78950 Effective USD 600.00 600.00 0.00 456.56 143.44 76% P116194 IBRD-81000 Effective USD 240.00 240.00 0.00 53.01 186.99 22% Key Dates (by loan) 6/27/2016 Page 8 of 9 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG-Giza North Power Project (P116194) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P116194 IBRD-78950 Effective 08-Jun-2010 04-Nov-2010 12-Aug-2011 30-Jun-2015 31-Mar-2017 P116194 IBRD-81000 Effective 14-Feb-2012 11-Apr-2012 20-Dec-2012 31-Dec-2016 31-Dec-2017 Cumulative Disbursements Restructuring History Level 2 Approved on 24-Mar-2015 ,Level 2 Approved on 15-Feb-2016 Related Project(s) P116198-EG-Giza North Additional Financing 6/27/2016 Page 9 of 9 Public Disclosure Copy