The World Bank Implementation Status & Results Report Energy Efficiency Project (P143580) Energy Efficiency Project (P143580) EUROPE AND CENTRAL ASIA | Bosnia and Herzegovina | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2014 | Seq No: 11 | ARCHIVED on 17-Dec-2019 | ISR39479 | Implementing Agencies: FBH Ministry of Physical Planning, RS Ministry of Spatial Planning, Civil Engineering and Ecology, Bosnia and Herzegovina Key Dates Key Project Dates Bank Approval Date: 13-Mar-2014 Effectiveness Date: 27-May-2015 Planned Mid Term Review Date: 30-Jun-2017 Actual Mid-Term Review Date: 07-Jun-2017 Original Closing Date: 30-Jun-2018 Revised Closing Date: 29-Feb-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective is to demonstrate the benefits of energy efficiency improvements in public sector buildings and support the development of scalable energy efficiency financing models. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) The project development objective is to improve energy efficiency in public buildings, and to support the development and implementation of scalable energy efficiency financing models Components Table Name Energy Efficiency Investments in Public Facilities:(Cost $64.20 M) Support for the Development of Scalable Financing Mechanisms and Capacity Building:(Cost $5.20 M) Project Management:(Cost $4.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Energy efficiency improvements in 80 public buildings have been completed with substantial results in terms of energy and CO2 savings as well as improved public service environments in retrofitted buildings. Seven additional buildings remain to be completed, for which preparatory work is ongoing. 12/17/2019 Page 1 of 6 The World Bank Implementation Status & Results Report Energy Efficiency Project (P143580) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- High High Macroeconomic -- Low Low Sector Strategies and Policies -- Substantial Substantial Technical Design of Project or Program -- Substantial Substantial Institutional Capacity for Implementation and Sustainability -- High High Fiduciary -- Substantial Substantial Environment and Social -- Low Low Stakeholders -- Substantial Substantial Other -- Low Low Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes Improving energy efficiency in public buildings IN00771578 ►Projected lifetime energy savings (Megawatt hour(MWh), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 651,000.00 641,378.00 1,322,527.00 Date 01-Sep-2014 14-Jun-2019 11-Dec-2019 29-Feb-2024 Please note that for the original IDA credit, the end target was to reach lifetime energy savings of 650,000 MWh, which will be reached when the seven additional buildings are completed. Comments: Under the AF, the target was to reach 618,855 MWh of projected lifetime energy savings which has already been surpassed. Supporting development and implementation of scalable energy efficiency financing models IN00771579 ►Development and implementation of scalable EE financing models (Text, Custom) 12/17/2019 Page 2 of 6 The World Bank Implementation Status & Results Report Energy Efficiency Project (P143580) Baseline Actual (Previous) Actual (Current) End Target Repayment and co- Repayment and co- Revolving EE financing schemes financing schemes financing models tested; tested; Value No scalable models implemented and post- Design revolving Design revolving BEEP arrangements financing models for AF financing models for defined agreed AF agreed Date 01-Sep-2014 14-Jun-2019 11-Dec-2019 29-Feb-2024 The financing models have been tested. Implementation of schemes should be done under the AF, once it Comments: reaches effectiveness. Intermediate Results Indicators by Components EE Investments in Public Facilities IN00771580 ►Projected lifetime fuel savings (Mega Joules (MJ), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2,343,000,000.00 2,308,960,440.72 4,723,732,285.00 Date 01-Sep-2014 14-Jun-2019 10-Dec-2019 29-Feb-2024 The end target under the original IDA Credit was 2,340,000 MJ, which will be reached once the seven remaining buildings are completed. Once the Additional Finance is effective, the PIUs can implement the workplan to progress the end target Comments: by February 2024. Note that under the AF, the target to reach by 2019 (2,190,515 MJ) has already been reached, and thus it should be on track to reach the end target by February 2024. IN00771602 ►Lifetime GHG savings (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 204,122.00 177,067.00 504,653.00 Date 01-Sep-2014 14-Jun-2019 10-Dec-2019 29-Feb-2024 The original Credit target to be reached was 170,000 of lifetime energy savings, which the Project already surpassed. Comments: Once the Additional Finance is effective, the PIUs can implement the workplan to progress the end target by February 2024. IN00771604 ►Number of subprojects completed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 77.00 80.00 174.00 Date 01-Sep-2014 14-Jun-2019 10-Dec-2019 29-Feb-2024 The original IDA credit target was 85 buildings, and the Project has reached 80 sub-projects completed. Comments: With the remaining seven buildings completed, the target will be surpassed. 12/17/2019 Page 3 of 6 The World Bank Implementation Status & Results Report Energy Efficiency Project (P143580) Once the Additional Finance (AF) is effective, then the PIU can start the workplan to achieve the targets by end February 2024. Under the AF the end target by 219 was to reach 83 buildings, which will be met once the seven remaining buildings are completed. IN00771605 ►Direct project beneficiaries (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 750,767.00 758,665.00 814,000.00 Date 01-Sep-2014 14-Jun-2019 10-Dec-2019 29-Feb-2024 The target as per the AF was to reach 757,000 direct project beneficiaries by 2019, which the Project has surpassed. Thus the project is on track to reach the end target by February 2024. Comments: IN00771606 ►Increase in end-user satisfaction in FBiH (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 21.00 22.00 34.00 Date 01-Sep-2014 14-Jun-2019 10-Dec-2019 29-Feb-2024 The target is on track for completion. It has already increase end-user satisfaction by 22 percent and the target by 34 percent by 2024. Comments: The end-user satisfaction will be done through social surveys among direct project beneficiaries after the completion of energy efficiency investments in each public building until the end of the Project. IN00771607 ►Increase in end-user satisfaction in RS (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 55.00 66.00 34.00 Date 01-Sep-2014 14-Jun-2019 11-Dec-2019 29-Feb-2024 The RS increase end-user satisfaction has already increased by 66 percent, and already surpassed the target. Comments: The end-user satisfaction will be done through social surveys among direct project beneficiaries after the completion of energy efficiency investments in each public building until the end of the Project. Support for the Development of Scalable Financing Mechanisms and Capacity Building IN00771601 ►Development and implementation of customized skills training for target female beneficiaries (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Customized skills training to target female groups No customized training No customized training No customized training developed and Value provided provided provided implemented with at least 75% of trained female being satisfied with skills acquired Date 30-Aug-2018 14-Jun-2019 11-Dec-2019 29-Feb-2024 12/17/2019 Page 4 of 6 The World Bank Implementation Status & Results Report Energy Efficiency Project (P143580) Consultancies are under way to help develop performance-based contracting schemes, with 10-year investment repayment periods, with net present value (NPV), in the FBIH and an energy service company Comments: (ESCO) model in the RS and Federation. IN00771603 ►Reflows from EE repayments and captured energy cost savings (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 5,248,258.00 Date 01-Sep-2014 14-Jun-2019 11-Dec-2019 29-Feb-2024 The reflows from EE payments are not yet been recovered as the revolving fund mechanism needs to be Comments: established once the AF becomes effective. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P143580 IBRD-89060 USD 32.00 32.00 0.00 0.00 32.00 0% Effective P143580 IDA-53930 Effective USD 28.00 28.00 0.00 25.21 0.00 100% P143580 IDA-55380 Effective USD 4.00 4.00 0.00 2.15 1.50 59% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P143580 IBRD-89060 30-Oct-2018 18-Jan-2019 -- 29-Feb-2024 29-Feb-2024 Effective P143580 IDA-53930 Effective 13-Mar-2014 29-Oct-2014 27-May-2015 30-Jun-2018 30-Jun-2020 P143580 IDA-55380 Effective 13-Mar-2014 29-Oct-2014 27-May-2015 30-Jun-2018 30-Jun-2020 Cumulative Disbursements 12/17/2019 Page 5 of 6 The World Bank Implementation Status & Results Report Energy Efficiency Project (P143580) Restructuring History Level 2 Approved on 10-Nov-2017 ,Level 2 Approved on 06-Dec-2019 Related Project(s) P165405-Additional Financing for the Bosnia and Herzegovina Energy Efficiency Project 12/17/2019 Page 6 of 6