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: 9 | ARCHIVED on 28-Dec-2017 | ISR30636 | 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 12/28/2017 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 September 2017, the overall power plant construction was on schedule at about 88 percent progress compared to the planned progress of 93 percent. The plant reliability tests are scheduled to be completed by end December 2018. 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  --  Moderate  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 05-Jun-2017 30-Oct-2017 30-Jun-2019 PHINDPDOTBL  Gas Pipelines (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.50 2.50 71.20 12/28/2017 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 05-Jun-2017 30-Oct-2017 30-Jun-2019 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 05-Jun-2017 30-Oct-2017 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 05-Jun-2017 30-Oct-2017 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 05-Jun-2017 30-Oct-2017 30-Jun-2019 PHINDPDOTBL  Female beneficiaries (Percentage, Custom Supplement) 12/28/2017 Page 3 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 49.00 Overall Comments Intermediate Results Indicators PHINDIRITBL  Procurement progress (Bank financed packages) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 90.00 90.00 100.00 Date 27-Jun-2013 05-Jun-2017 30-Oct-2017 30-Jun-2019 PHINDIRITBL  Construction Progress (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 52.00 66.00 100.00 Date 27-Jun-2013 05-Jun-2017 30-Oct-2017 30-Jun-2019 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 05-Jun-2017 30-Oct-2017 30-Jun-2019 12/28/2017 Page 4 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) 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 05-Jun-2017 30-Oct-2017 30-Jun-2019 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 05-Jun-2017 30-Oct-2017 30-Jun-2019 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 05-Jun-2017 30-Oct-2017 30-Jun-2019 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 05-Jun-2017 30-Oct-2017 30-Jun-2019 Overall Comments As of end September 2017, the overall power plant construction was on schedule at about 88 percent progress compared to the planned progress of 93 percent. Construction of the gas supply pipeline to the power plant is ongoing and expected to be completed by end March 2018. However, the upstream activities (design and procurement) related to the construction of the 70km gas-pipeline from Raven to Western Desert Gas Complex (WDGC are delayed and the construction completion is now on the critical path with regard to the project closing date of June 30, 2019. 12/28/2017 Page 5 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) 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 0.00 219.84 365.56 38% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date 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 12/28/2017 Page 6 of 7 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report EG - Helwan South Power Project (P117407) Related Project(s) There are no related projects. 12/28/2017 Page 7 of 7 Public Disclosure Copy