Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) Energy Efficiency Project (P116680) EUROPE AND CENTRAL ASIA | Armenia | Energy and Mining Global Practice | Global Environment Project | Specific Investment Loan | FY 2012 | Seq No: 6 | ARCHIVED on 08-Apr-2015 | ISR18180 | Implementing Agencies: Key Dates Key Project Dates Board Approval date:27-Mar-2012 Effectiveness Date:10-Aug-2012 Planned Mid Term Review Date:09-Jul-2014 Actual Mid-Term Review Date:17-Jul-2014 Original Closing Date:30-Jun-2015 Revised Closing Date:30-Jun-2015 Global Environmental Objectives Global Environmental Objective (from Project Appraisal Document) The project development objective is to reduce energy consumption of social and other public facilities. The global environmental objective is to decrease greenhouse gas emissions through the removal of barriers to the implementation of energy efficiency investments in the public sector. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Name Energy efficiency investments in public facilities:(Cost $6.00 M) Technical assistance:(Cost $1.96 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of GEO  Moderately Satisfactory  Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Satisfactory Overall Risk Rating  --  Moderate Implementation Status and Key Decisions While the implementation progress of the project remains behind the original schedule, there has been significant progress since the last reporting 4/8/2015 Public Disclosure Copy Page 1 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) period. The Renewable Resources and Energy Efficiency Fund has completed and commissioned 19 subprojects representing 44 public facilities and construction is ongoing for 36 subprojects. Once completed and commissioned these 55 subprojects are estimated to generate energy savings of 237 million kWh and greenhouse gas emission reduction of about 60,600 tons. At the request of the Government of Armenia, the World Bank has extended the project’s Closing Date by twelve months to June 30, 2016 to allow for the completion of the 36 subprojects and achievement of the project development objectives. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  --  Moderate Macroeconomic  --  --  Moderate Sector Strategies and Policies  --  --  Moderate Technical Design of Project or Program  --  --  Moderate Institutional Capacity for Implementation and Sustainability  --  --  Moderate Fiduciary  --  --  Moderate Environment and Social  --  --  Low Stakeholders  --  --  Low Other  --  --  -- Overall  --  --  Moderate Results Global Environmental Objective Indicators 4/8/2015 Public Disclosure Copy Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) PHINDGEOTBL CO2 emission reductions in retrofitted social and other public facilities through energy efficiency investments(Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 19159.00 27396.00 50549.00 Date 03-Jul-2012 30-Jun-2014 16-Mar-2015 30-Jun-2016 PHINDGEOTBL  Energy savings in retrofitted social and other public facilities(Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6603.00 103.29 215.69 Date 03-Jul-2012 30-Jun-2014 16-Mar-2015 30-Jun-2016 Overall Comments Intermediate Results Indicators PHINDIRITBL  Regulations, legislative amendments, guidelines to further promote energy efficiency (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N Y Y Date 03-Jul-2012 30-Jun-2014 16-Mar-2015 30-Jun-2016 Comments The Government has adopted a resolution mandating that all new constructions and reconstructions of facilities financed from the state budget have to adhere to certain energy efficiency requirements. 4/8/2015 Public Disclosure Copy Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) PHINDIRITBL  Number of public sector projects commissioned (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 27.00 44.00 85.00 Date 03-Jul-2012 30-Jun-2014 16-Mar-2015 30-Jun-2016 PHINDIRITBL  Cumulative investments in social and other public facilities (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2973680.00 8677793.00 6000000.00 Date 03-Jul-2012 30-Jun-2014 16-Mar-2015 30-Jun-2016 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P116680 TF-12163 Effective USD 1.82 1.82 0.00 1.14 0.68 63% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P116680 TF-12163 Effective 20-Apr-2012 20-Apr-2012 10-Aug-2012 30-Jun-2015 30-Jun-2015 Cumulative Disbursements 4/8/2015 Public Disclosure Copy Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Energy Efficiency Project (P116680) Restructuring History Level 2 Approved on 16-Mar-2015 Related Project(s) There are no related projects. 4/8/2015 Public Disclosure Copy Page 5 of 5