Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) EG - Helwan South Power Project (P117407) MIDDLE EAST AND NORTH AFRICA | Egypt, Arab Republic of | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2013 | Seq No: 10 | ARCHIVED on 12-Jun-2018 | ISR32711 | Implementing Agencies: Egyptian Electricity Holding Company, Egyptian Natural Gas Company (GASCO), Arab Republic of Egypt Key Dates Key Project Dates Bank Approval Date:27-Jun-2013 Effectiveness Date:30-Apr-2014 Planned Mid Term Review Date:15-Oct-2017 Actual Mid-Term Review Date:22-Oct-2017 Original Closing Date:30-Jun-2019 Revised Closing Date:30-Jun-2019 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to increase power generation capacity in an efficient manner within the Borrower’s territory. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name The Helwan South Power Plant:(Cost $2168.90 M) Gas Pipelines:(Cost $235.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions The Project Development Objective, which is to increase power generation capacity in an efficient manner, remains relevant and achievable. The 6/12/2018 Page 1 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Project will add 1950 MW to Egypt's gross electricity generation capacity. As of end April 2018, the overall power plant construction progress was at about 93 percent compared to planned progress of 98 percent. The plant reliability tests are scheduled to be completed by end May 2019. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Substantial  Substantial Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  Moderate  Moderate Fiduciary  --  Low  Low Environment and Social  --  Substantial  Substantial Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Generation Capacity of Conventional Generation constructed under the project (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 1,950.00 Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 PHINDPDOTBL  Gas Pipelines (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.50 2.50 71.20 6/12/2018 Page 2 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 Comments This target was revised to include the new proposed Raveen-Western Desert Gas Complex pipeline.This activity was introduced following the project restructuring in June 2016 to utilize the project savings to support to adapt to the country’s changing gas infrastructure expansion plan. The construction of the new pipeline will not be completed by the project closing date, but will not impact achievement of the project PDO. PHINDPDOTBL  Annual net electricity generation (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 13,447.00 Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 PHINDPDOTBL  Thermal energy conversion efficiency (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 40.00 Date 31-Dec-2013 30-Oct-2017 17-May-2018 30-Jun-2019 PHINDPDOTBL  Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 7,391,000.00 Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 PHINDPDOTBL  Female beneficiaries (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target 6/12/2018 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Value 0.00 0.00 0.00 49.00 Overall Comments The Project PDO target indicators are measurable post the power plant commissioning. The gas pipeline length target will not be achieved as the construction of the Raveen- Western Desert Gas Complex pipeline will not be completed by the project close; however this will not impact the achievement of the overall project PDO. Intermediate Results Indicators PHINDIRITBL  Procurement progress (Bank financed packages) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 90.00 95.00 100.00 Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 Comments All major procurements are completed with the exception of the materials ( estimated at about US$32 million) for the construction of the 70km gas pipeline which is ongoing and expected to be completed by end December 2018. PHINDIRITBL  Construction Progress (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 66.00 93.00 100.00 Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 Comments The overall power plant construction progress is estimated at about 93 percent. 6/12/2018 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) PHINDIRITBL  Actual cost vs Cost Estimates (overruns if >100%) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 <=100 Date 31-Dec-2013 30-Oct-2017 17-May-2018 30-Jun-2019 PHINDIRITBL  EEHC's current ratio (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.50 0.50 0.50 =>0.6 Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 Comments To be updated when the audit reports become available PHINDIRITBL  EEHC's DSCR (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.10 1.10 1.10 =>1.1 Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 Comments To be updated when the audit reports become available. 6/12/2018 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) PHINDIRITBL  EGAS's current ratio (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 1.00 1.00 =>1.0 Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 Comments To be updated when the audit reports become available. PHINDIRITBL  EGAS's DSCR (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.30 1.30 1.30 =>1.2 Date 27-Jun-2013 30-Oct-2017 17-May-2018 30-Jun-2019 Comments To be updated when the audit reports become available Overall Comments The power plant is expected to be fully commissioned by end May 2019 before the project closing date. Construction of the 2,5km gas pipeline to supply the power plant was completed in March 2018. Construction of the 70km Raveen-Western Desert Gas Complex gas pipeline will not be completed by the project close, but this will not impact achievement of the PDO. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P117407 IBRD-82780 Effective USD 585.40 585.40 0.00 254.68 330.72 44% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date 6/12/2018 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) P117407 IBRD-82780 Effective 27-Jun-2013 05-Nov-2013 30-Apr-2014 30-Jun-2019 30-Jun-2019 Cumulative Disbursements Restructuring History Level 2 Approved on 02-Jun-2016 Related Project(s) There are no related projects. 6/12/2018 Page 7 of 7 Public Disclosure Copy