The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) South Africa - Eskom Renewables Support Project (P122329) AFRICA EAST | South Africa | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2012 | Seq No: 14 | ARCHIVED on 26-Oct-2020 | ISR42287 | Implementing Agencies: ESKOM Holdings SOC Limited, Department of Public Enterprises, Eskom Holdings SOC Limited Key Dates Key Project Dates Bank Approval Date: 27-Oct-2011 Effectiveness Date: 25-Jul-2012 Planned Mid Term Review Date: 27-Feb-2015 Actual Mid-Term Review Date: 12-Sep-2014 Original Closing Date: 31-Dec-2016 Revised Closing Date: 30-Dec-2021 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To facilitate accelerated development of large scale renewable energy capacity in support of the long-term carbon mitigation strategy of South Africa. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name 1. Sere Wind Power Plant (100 MW) Battery Storage Program:(Cost $655.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Unsatisfactory Moderately Unsatisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Since its commissioning in April 2016, the 100 MW Sere Wind plant financed under the project continues to perform 20 percent above expected load factor, exceeding energy outputs and carbon emissions offset envisaged at project appraisal. Implementation of the Eskom battery storage program's first phase is ongoing, albeit impacted by the coronavirus global pandemic. First tender under phase one of the battery storage program has been published on July 31, 2020, and tenders for other phase one battery sites are underway. 10/26/2020 Page 1 of 5 The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) 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 -- Substantial Substantial Technical Design of Project or Program -- High High Institutional Capacity for Implementation and -- High Moderate Sustainability Fiduciary -- Moderate Moderate Environment and Social -- Substantial Moderate Stakeholders -- Moderate Moderate Other -- Moderate Moderate Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes Mitigating Carbon Footprint IN00857400 ►GHG emissions avoided (Tones/year, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 271,000.00 271,000.00 199,000.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Dec-2021 Enhancing Renewable Energy Capacity IN00857431 ►Generation Capacity of Renewable Energy (other than hydropower) constructed (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 460.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Dec-2021 IN00857433 Generation Capacity of Renewable Energy constructed – Wind (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target 10/26/2020 Page 2 of 5 The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) Value 0.00 100.00 100.00 100.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Jul-2018 IN00857434 Battery Storage Capacity Constructed (Megawatt, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 360.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Dec-2021 Financing Leveraged IN00857432 ►CTF leverage (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,173,000,000.00 1,173,000,000.00 1,200,000,000.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Jul-2018 Intermediate Results Indicators by Components Sere Wind Power Plant (100 MW) IN00857435 ►Component 1: Sere Wind Farm construction progress (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Jul-2018 Battery Storage Program IN00857436 ►Component 2: Battery storage capacity (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 1.00 1.00 360.00 Date 08-Nov-2018 15-Apr-2020 08-Oct-2020 31-Dec-2021 Leveraging and Jobs IN00857437 10/26/2020 Page 3 of 5 The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) ►Investments in clean generation as % of investments in electricity generation (CTF Catalytic Replication Outcome) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10.00 10.00 17.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Jul-2018 IN00857438 ►% of clean energy supply in the overall electricity consumption (CTF Catalytic Replication Outcome) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.50 2.50 3.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Jul-2018 IN00857439 ►Investments in clean energy generation (CTF Catalytic Replication Outcome) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 14,882,000,000.00 14,882,000,000.00 1,900,000,000.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Dec-2021 IN00857440 ►Number of jobs created (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 540.00 540.00 800.00 Date 30-Jun-2011 15-Apr-2020 08-Oct-2020 31-Jul-2018 Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P122329 TF-10690 Effective USD 250.00 250.00 0.00 34.93 215.07 14% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P122329 TF-10690 Effective 27-Oct-2011 14-Nov-2011 25-Jul-2012 31-Dec-2016 30-Dec-2021 10/26/2020 Page 4 of 5 The World Bank Implementation Status & Results Report South Africa - Eskom Renewables Support Project (P122329) Cumulative Disbursements PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC Restructuring History Level 2 Approved on 11-Dec-2014 ,Level Approved on 14-Dec-2016 ,Level 2 Approved on 21-Dec-2016 ,Level 2 Approved on 30-Jun-2017 ,Level 2 Approved on 29-Mar-2018 ,Level 2 Approved on 31-Jul-2018 ,Level 2 Approved on 30-Nov-2018 Related Project(s) There are no related projects. 10/26/2020 Page 5 of 5