Public Disclosure Copy The World Bank Implementation Status & Results Report China Energy Efficiency Financing (P084874) China Energy Efficiency Financing (P084874) EAST ASIA AND PACIFIC | China | Energy and Mining Global Practice | IBRD/IDA | Financial Intermediary Loan | FY 2008 | Seq No: 10 | ARCHIVED on 17-Jun-2015 | ISR19785 | Implementing Agencies: National Energy Conservation Center Key Dates Key Project Dates Board Approval date:27-May-2008 Effectiveness Date:07-Oct-2008 Planned Mid Term Review Date:30-Mar-2012 Actual Mid-Term Review Date:27-Mar-2012 Original Closing Date:31-Dec-2013 Revised Closing Date:31-Dec-2016 Project Development Objectives China Energy Efficiency Financing (P084874) Project Development Objective (from Project Appraisal Document) Improve energy efficiency of selected medium and large-sized industrial enterprises in China. Has the Project Development Objective been changed since Board Approval of the Project Objective? No China Energy Efficiency Financing (P098916) Global Environmental Objective (from Project Appraisal Document) Reduce adverse environmental impact of Chinese medium and large-sized industrial enterprises on climate. Has the Global Environmental Objective been changed since Board Approval of the Project Objective? No Components Name Promotion of EE Financing:(Cost $9.90 M) EC Investment Lending:(Cost $200.00 M) National Policy Support and Capacity Building:(Cost $2.80 M) Project Implementation Support and Reporting:(Cost $0.80 M) 6/17/2015 Public Disclosure Copy Page 1 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report China Energy Efficiency Financing (P084874) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Moderately Satisfactory Progress towards achievement of GEO  Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  Low  Low Implementation Status and Key Decisions Overall, the implementation of China Energy Efficiency Financing Additional Financing is behind the schedule and greater efforts are needed to speed up project implementation. As a result of this project, it is expeced that there will be more than 2.3 million tons of coal equivalent energy savings and 5.5 million tons of CO2 emission reductions. 6/17/2015 Public Disclosure Copy Page 2 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report China Energy Efficiency Financing (P084874) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Low  Low Macroeconomic  --  Low  Low Sector Strategies and Policies  --  Low  Low Technical Design of Project or Program  --  Low  Low Institutional Capacity for Implementation and Sustainability  --  Moderate  Moderate Fiduciary  --  Moderate  Moderate Environment and Social  --  Low  Low Stakeholders  --  Low  Low Other  --  --  -- Overall  --  Low  Low Results Project Development Objective Indicators PHINDPDOTBL  Cumulative amount of incremental EC investments supported by the project (US$ million) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/17/2015 Public Disclosure Copy Page 3 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report China Energy Efficiency Financing (P084874) Value 0 1000 1085 1328 Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 30-Dec-2016 PHINDPDOTBL  Associated annual energy savings capacity (million tons of coal equivalent) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 2.2 2.3 2.66 Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 30-Dec-2016 PHINDPDOTBL  CO2 emission reductions (million tons of CO2) (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 5.30 5.50 6.49 Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 31-Dec-2016 PHINDPDOTBL  Cumulative amount of EE lending to ESCOs and building projects (million US dollars) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 50.00 90.00 60.00 Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 31-Dec-2016 Comments EXIM implemented 3 ESCO subprojects (IBRD$32.68mn, EXIM$57.6) PHINDPDOTBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 40.00 40.00 50.00 6/17/2015 Public Disclosure Copy Page 4 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report China Energy Efficiency Financing (P084874) Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 31-Dec-2016 Comments The subprojects with ineligible expenditure are not included in reported indicator. Overall Comments Global Environmental Objective Indicators PHINDGEOTBL  Associated CO2 emissions reduction capacity (million tons of CO2) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 5.3 5.5 6.49 Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 30-Dec-2016 Overall Comments Intermediate Results Indicators PHINDIRITBL  Component A: Promotion of EE Financing - EE investment monitoring and evaluation procedures developed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value n/a ongoing Final draft Final draft Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 30-Dec-2016 Comments As the project proceeds, the EE investment M&E procedures have been developed and under implementation. 6/17/2015 Public Disclosure Copy Page 5 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report China Energy Efficiency Financing (P084874) PHINDIRITBL  Component A: Promotion of EE Financing - EE financing demand of projects in the project pipeline (million US$) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 144 139 150 Date 28-May-2008 14-Nov-2014 05-Jun-2015 30-Dec-2016 Comments Both have developed a strong pipeline subproject list with the total IBRD investment of more than $139 millon (Huaxia $23 million and EXIM $116 millon). PHINDIRITBL  Component B: EC Investment Lending - Cumulative amount of EE lending of PFIs (million US$) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 510 558 700 Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 30-Dec-2016 PHINDIRITBL  Component B: EC Investment Lending - Annual energy consumption avoided from the EE lending of participating banks (million tons of coal equivalent) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 2.2 2.3 2.17 Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 30-Dec-2016 PHINDIRITBL  Component B: EC Investment Lending - Annual avoided CO2 emissions from EE lending of PFIs (million tons of CO2) (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0 5.3 5.5 5.28 Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 30-Dec-2016 6/17/2015 Public Disclosure Copy Page 6 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report China Energy Efficiency Financing (P084874) PHINDIRITBL  Component C: National Policy Support and Capacity Building - Establishment and functional operation of NECC (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target NECC formed and NECC formed and NECC formed Value n/a staffed staffed and staffed Date 28-May-2008 30-Sep-2012 30-Sep-2012 31-Dec-2012 PHINDIRITBL  Component C: National Policy Support and Capacity Building - NECC business plan and initial work program developed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value n/a Completed in 2010 Completed in 2010 Final Date 28-May-2008 31-May-2010 31-May-2010 31-May-2010 PHINDIRITBL  Component C: National Policy Support and Capacity Building -Mid-term review of 11th FYP programs conducted and recommendations made. Necessary actions taken to enhance results (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 12th FYP 11th FYP review Support to 12th FYP Value 0.0 implementation completed ongoing supported Date 28-May-2008 31-Dec-2011 05-Jun-2015 31-Dec-2016 Comments Activities ongoing to evaluate and support 12th FYP. New activities are envisaged to support the preparation of 13th FYP. PHINDIRITBL  Component B: EC investment lending: Cumulative amount of EE lending to ESCOs and building projects. (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 50.00 90.00 60.00 Date 31-Oct-2008 16-Dec-2014 05-Jun-2015 31-Dec-2016 Comments EXIM implemented 3 ESCO subprojects (IBRD$32.68mn, EXIM$57.6) 6/17/2015 Public Disclosure Copy Page 7 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report China Energy Efficiency Financing (P084874) Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P084874 IBRD-75290 Effective USD 100.00 100.00 0.00 87.09 12.92 87% P084874 IBRD-75300 Effective USD 100.00 100.00 0.00 100.00 0.00 100% P084874 IBRD-80920 Effective USD 100.00 100.00 0.00 46.68 53.32 47% P098916 TF-90719 Effective USD 100.00 13.50 0.00 7.19 6.31 53% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P084874 IBRD-75290 Effective 27-May-2008 11-Jul-2008 07-Oct-2008 31-Dec-2013 31-Dec-2016 P084874 IBRD-75300 Effective 27-May-2008 11-Jul-2008 07-Oct-2008 31-Dec-2013 31-Dec-2016 P084874 IBRD-80920 Effective 27-Oct-2011 10-Jan-2012 06-Apr-2012 31-Dec-2016 31-Dec-2016 P098916 TF-90719 Effective 11-Jul-2008 11-Jul-2008 11-Jul-2008 31-Dec-2013 31-Dec-2016 Cumulative Disbursements 6/17/2015 Public Disclosure Copy Page 8 of 9 Public Disclosure Copy The World Bank Implementation Status & Results Report China Energy Efficiency Financing (P084874) Restructuring History Level Approved on 12-Mar-2013 Related Project(s) P098916-China Energy Efficiency Financing ,P123239-China Energy Efficiency Financing III 6/17/2015 Public Disclosure Copy Page 9 of 9