Public Disclosure Copy The World Bank Implementation Status & Results Report UA - ENERGY EFFICIENCY (P096586) UA - ENERGY EFFICIENCY (P096586) EUROPE AND CENTRAL ASIA | Ukraine | Energy & Extractives Global Practice | IBRD/IDA | Specific Investment Loan | FY 2011 | Seq No: 8 | ARCHIVED on 13-Nov-2015 | ISR21341 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:17-May-2011 Effectiveness Date:09-Nov-2011 Planned Mid Term Review Date:10-Sep-2014 Actual Mid-Term Review Date:17-Nov-2014 Original Closing Date:31-Mar-2016 Revised Closing Date:31-Mar-2016 Project Development Objectives UA - ENERGY EFFICIENCY (P096586) Project Development Objective (from Project Appraisal Document) The project development objective is to contribute to improved energy efficiency by industrial and commercial companies, municipalities, municipal sector enterprises and energy service companies by facilitating sustainable financial intermediation for the financing of energy efficiency investments. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Name Financing of EE Investments:(Cost $199.50 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Unsatisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Unsatisfactory  Moderately Satisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions 11/13/2015 Public Disclosure Copy Page 1 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report UA - ENERGY EFFICIENCY (P096586) Fifty six energy efficiency subprojects in the industrial sector have been approved for financing. Three municipal energy efficiency sub-project has been approved for financing and two more is under finalization. UEB has identified a pipeline of over thirty two subprojects to be financed during November 2015 - March 2016, and has had discussions with ten potential sub-borrowers. Solid pipeline is a result of the increased activity in the real sector of Ukraine economy, additional marketing arrangements and hard work of UEB team promoting this Project. One Participating Banks (PB) finalized ten subprojects and second PB is still finalizing its first subproject. 11/13/2015 Public Disclosure Copy Page 2 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report UA - ENERGY EFFICIENCY (P096586) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Substantial  Substantial Macroeconomic  --  Substantial  Substantial Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  --  Low  Low Fiduciary  --  Moderate  Moderate Environment and Social  --  Low  Low Stakeholders  --  Low  Low 11/13/2015 Public Disclosure Copy Page 3 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report UA - ENERGY EFFICIENCY (P096586) Other  --  --  -- Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Volume of EE sub-loans (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 90000000.00 111000000.00 200000000.00 Date 15-Dec-2010 07-Sep-2015 30-Oct-2015 31-Mar-2016 PHINDPDOTBL  Number of participating banks (PBs) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 2.00 2.00 Date 15-Dec-2010 07-Sep-2015 30-Oct-2015 31-Mar-2016 PHINDPDOTBL  Extent of energy savings (toe) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 316900.00 343200.00 500000.00 Date 15-Dec-2010 07-Sep-2015 30-Oct-2015 31-Mar-2016 Overall Comments Global Environmental Objective Indicators Overall Comments Intermediate Results Indicators 11/13/2015 Public Disclosure Copy Page 4 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report UA - ENERGY EFFICIENCY (P096586) PHINDIRITBL  The Borrower's loan committments (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 43.50 54.50 100.00 Date 15-Dec-2010 07-Sep-2015 30-Oct-2015 31-Mar-2015 PHINDIRITBL  Extent of energy savings, gas (tcm) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 90200.00 97400.00 2600.00 Date 15-Dec-2010 07-Sep-2015 30-Oct-2015 31-Mar-2016 PHINDIRITBL  The Borrower's loan disbursements (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 45.00 55.50 100.00 Date 15-Dec-2010 07-Sep-2015 30-Oct-2015 31-Mar-2016 PHINDIRITBL  Extent of energy savings, electricity (GWh) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 522.00 560.00 400.00 Date 15-Dec-2010 07-Sep-2015 30-Oct-2015 31-Mar-2016 11/13/2015 Public Disclosure Copy Page 5 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report UA - ENERGY EFFICIENCY (P096586) PHINDIRITBL  Number of Municipal Energy Efficiency Subproject signed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value -- 1.00 3.00 2.00 Date 15-Dec-2010 07-Sep-2015 30-Oct-2015 31-Mar-2016 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P096586 IBRD-80640 Effective USD 200.00 200.00 0.00 110.25 89.75 55% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P096586 IBRD-80640 Effective 17-May-2011 10-Jun-2011 09-Nov-2011 31-Mar-2016 31-Mar-2016 Cumulative Disbursements 11/13/2015 Public Disclosure Copy Page 6 of 7 Public Disclosure Copy The World Bank Implementation Status & Results Report UA - ENERGY EFFICIENCY (P096586) Restructuring History There has been no restructuring to date. Related Project(s) P129704-CTF in Ukraine 11/13/2015 Public Disclosure Copy Page 7 of 7