Public Disclosure Copy The World Bank Implementation Status & Results Report West Africa Regional Energy Trade Development Policy Financing Program (P171225) West Africa Regional Energy Trade Development Policy Financing Program (P171225) AFRICA WEST | Western Africa | Energy & Extractives Global Practice | IBRD/IDA | Development Policy Lending | FY 2021 | Seq No: 1 | ARCHIVED on 29-Jun-2021 | ISR47531 | Implementing Agencies: Cote d'Ivoire, Cote d'Ivoire, Sierra Leone, Liberia, Burkina Faso, Guinea, Mali, Sierra Leone, Liberia, Burkina Faso, Guinea, Mali Key Dates Key Project Dates Bank Approval Date: 28-Jul-2020 Effectiveness Date: 19-Feb-2021 Original Closing Date: 30-Jun-2021 Revised Closing Date: 30-Jun-2021 pdoTable Project Development Objectives Program Development Objective (from Program Document) To increase energy security, reduce vulnerability to international oil price fluctuations and reduce the fiscal burden of the electricity sector through increased energy trade in the six participating countries. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Moderately Satisfactory Overall Implementation Progress (IP) -- Satisfactory Overall Risk Rating -- High Implementation Status and Key Decisions Regional DPF1 has fully disbursed. The team is monitoring implementation. Continued support for the current and further reforms required under the program by the countries will allow joint discussions and bilateral agreements on a potential second operation in the series. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High -- High Macroeconomic High -- High Sector Strategies and Policies High -- High 6/29/2021 Page 1 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report West Africa Regional Energy Trade Development Policy Financing Program (P171225) Technical Design of Project or Program Moderate -- Moderate Institutional Capacity for Implementation and High -- High Sustainability Fiduciary Substantial -- Substantial Environment and Social Low -- Low Stakeholders High -- High Other -- -- -- Overall High -- High Results Results Indicators Increase confidence in the enforcement of commercial arrangements IN01016700 ►Number of import-export contracts that incorporate the enhanced principles (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5.00 Date 31-Dec-2019 -- 24-Jun-2021 31-Dec-2022 We understand that three [3] draft contracts for the CLSG line include these enhanced principles. However, we do not yet have confirmation that the final versions of these contracts include the enhanced Comments: principles. IN01016706 ►Arrears from import-export contracts among the DPF participating countries (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 92,000,000.00 -- 90,000,000.00 30,000,000.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 Implement least cost investment decisions that consider regional options and regulation for trade IN01016831 ►Average cost of supply in importing countries: Burkina Faso, Guinea, Mali, Liberia, Sierra Leone (USc/kWh) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 18.50 -- 18.00 16.50 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 IN01016827 ►Number of importing countries (Burkina, Mali, Liberia, Sierra Leone) with a diverse supply of electricity (HHI) (Number, Custom) 6/29/2021 Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report West Africa Regional Energy Trade Development Policy Financing Program (P171225) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 -- 2.00 4.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 IN01016844 ►Renewable energy generation in the region (6 countries) (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 6,145.00 -- 6,244.00 8,000.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 IN01016845 ►Number of countries where regulatory frameworks are harmonized with ERERA's regional requirements (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 6.00 6.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 Each of the 6 countries has published legal instruments requiring the use of the WAPP Operational Comments: Manual and the Transmission Tariff Methodology for the WAPP. Support transparency on financial sustainability plans of regional market participants IN01016664 ►Utility cost-recovery rate, excluding operational subsidies (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 67.00 -- 70.00 75.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 IN01016820 ►Bill collection rate from public institutions (including SOEs) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 77.00 -- 60.00 90.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 The drop in performance for this Indicator is primarily due to Sierra Leone reporting a 5% bill collection rate. Without Sierra Leone, the figure would be 71%, and without Sierra Leone and Guinea the figure Comments: would be 78%. IN01016846 ►Number of utilities that submit annual report informing on financial sustainability to ERERA for compilation and reporting (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/29/2021 Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report West Africa Regional Energy Trade Development Policy Financing Program (P171225) Value 0.00 -- 2.00 6.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 Mali and Cote d'Ivoire have reported to the Bank that they have provided reporting to ERERA. Comments: Overall Indicators IN01016847 ►Amount of gross electricity imports to the DPF participant countries (Gigawatt-hour (GWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1,817.00 -- 2,006.00 2,800.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 IN01016828 ►Utility level policy adopted to increase gender diversity in employment in energy sector (number of countries) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 5.00 3.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 IN01016829 ►Percentage of oil-fired generation in the generation mix for the six countries (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 18.00 -- 14.90 10.00 Date 31-Dec-2019 -- 31-Dec-2020 31-Dec-2022 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P171225 IDA-67200 Effective USD 30.00 30.00 0.00 32.82 0.00 100% P171225 IDA-67390 Effective USD 30.00 30.00 0.00 32.30 0.00 100% P171225 IDA-67400 Effective USD 70.00 70.00 0.00 75.87 0.00 100% P171225 IDA-67420 Effective USD 30.00 30.00 0.00 31.29 0.00 100% P171225 IDA-67430 Effective USD 12.50 12.50 0.00 13.22 0.00 100% 6/29/2021 Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report West Africa Regional Energy Trade Development Policy Financing Program (P171225) P171225 IDA-D6860 Effective USD 30.00 30.00 0.00 31.60 0.00 100% P171225 IDA-D6910 Effective USD 30.00 30.00 0.00 31.37 0.00 100% P171225 IDA-D6920 Effective USD 30.00 30.00 0.00 31.29 0.00 100% P171225 IDA-D6930 Effective USD 12.50 12.50 0.00 13.22 0.00 100% P171225 IDA-D6940 Effective USD 25.00 25.00 0.00 26.47 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P171225 IDA-67200 Effective 28-Jul-2020 12-Jan-2021 19-Feb-2021 30-Jun-2021 30-Jun-2021 P171225 IDA-67390 Effective 28-Jul-2020 23-Sep-2020 19-Feb-2021 30-Jun-2021 30-Jun-2021 P171225 IDA-67400 Effective 28-Jul-2020 28-Aug-2020 19-Feb-2021 30-Jun-2021 30-Jun-2021 P171225 IDA-67420 Effective 28-Jul-2020 10-Aug-2020 19-Feb-2021 30-Jun-2021 30-Jun-2021 P171225 IDA-67430 Effective 28-Jul-2020 19-Aug-2020 19-Feb-2021 30-Jun-2021 30-Jun-2021 P171225 IDA-D6860 Effective 28-Jul-2020 12-Jan-2021 19-Feb-2021 30-Jun-2021 30-Jun-2021 P171225 IDA-D6910 Effective 28-Jul-2020 23-Sep-2020 19-Feb-2021 30-Jun-2021 30-Jun-2021 P171225 IDA-D6920 Effective 28-Jul-2020 10-Aug-2020 19-Feb-2021 30-Jun-2021 30-Jun-2021 P171225 IDA-D6930 Effective 28-Jul-2020 19-Aug-2020 19-Feb-2021 30-Jun-2021 30-Jun-2021 P171225 IDA-D6940 Effective 28-Jul-2020 12-Aug-2020 19-Feb-2021 30-Jun-2021 30-Jun-2021 Tranches Restructuring History There has been no restructuring to date. Related Project(s) P171439-West Africa Regional Energy Trade DPF 2 6/29/2021 Page 5 of 5