The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) DJ Geothermal Power Generation Project (P127143) MIDDLE EAST AND NORTH AFRICA | Djibouti | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2013 | Seq No: 12 | ARCHIVED on 09-Jun-2019 | ISR37317 | Implementing Agencies: Ministry of Economy and Finance, EDD Key Dates Key Project Dates Bank Approval Date: 05-Jun-2013 Effectiveness Date: 02-Jul-2014 Planned Mid Term Review Date: 11-Dec-2017 Actual Mid-Term Review Date: 11-Dec-2017 Original Closing Date: 31-Dec-2018 Revised Closing Date: 31-Dec-2019 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to assist the Recipient in assessing the commercial viability of the geothermal resource in Fiale Caldera within the Lake Assal region. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Component 1 - Drilling Program:(Cost $27.80 M) Component 2 - Technical Assistance:(Cost $1.80 M) Component 3 - Operating Costs of the Program Management Unit:(Cost $1.60 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions Djibouti Geothermal Power Generation Project supports a US$ 47.9 million exploratory well drilling program financed by seven donors, including the World Bank. The drilling program will follow a pre-approved test protocol and yield certified results for a potential subsequent project meant at offering the geothermal resource to a competitively selected Independent Power Producer. Three full-size production wells (Fiale 1, 2 and 3) have been completed as planned at depths ranging 2,660 and 2,745 meters. Preliminary injection tests have been completed, while production tests are on-going until mid-July 2019 to assess the potential of the geothermal reservoir to generate electricity commercially. 6/9/2019 Page 1 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) 6/9/2019 Page 2 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Moderate Moderate Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Substantial Substantial Institutional Capacity for Implementation and Sustainability -- Substantial Substantial Fiduciary -- Substantial Substantial Environment and Social -- Moderate Moderate Stakeholders -- Moderate Moderate Other -- Moderate Moderate Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes Assist Djibouti in assessing the commercial viability of the geothermal resource in Fiale Caldera IN00708493 ►Greenhouse Gas Emissions Avoided (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 390,358.00 Date 05-Jun-2013 17-Dec-2018 28-May-2019 31-Dec-2019 IN00708494 ►Develop a fully-fledged power generation feasibility study (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target No study has been Value No study has been done No study has been done Study completed done 6/9/2019 Page 3 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) Date 05-Jun-2013 17-Dec-2018 28-May-2019 31-Dec-2019 IN00708495 ►Publish periodic updates of project implementation (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target All periodic updates All periodic updates All periodic updates Value None published published published Date 05-Jun-2013 17-Dec-2018 28-May-2019 31-Dec-2019 IN00708511 ►Geothermal well test protocol developed and in place (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 05-Jun-2013 17-Dec-2018 28-May-2019 31-Dec-2019 IN00708512 ►Well test results independently reviewed and certified (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 05-Jun-2013 17-Dec-2018 28-May-2019 31-Dec-2019 Intermediate Results Indicators by Components Component 1 - Drilling Program IN00708513 ►Number of wells drilled (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 3.00 3.00 Date 26-Apr-2013 17-Dec-2018 28-May-2019 31-Dec-2019 Component 2 - Technical Assistance IN00708514 ►Joint missions by donors (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 5.00 6.00 4.00 Date 26-Apr-2013 17-Dec-2018 28-May-2019 31-Dec-2019 Component 3 - Operating Costs of the Program Management Unit IN00708515 6/9/2019 Page 4 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) ►Access to the site is constructed (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 26-Apr-2013 17-Dec-2018 28-May-2019 31-Dec-2019 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P127143 IDA-52620 Effective USD 6.00 6.00 0.00 5.52 0.07 99% P127143 TF-14757 Effective USD 6.04 6.04 0.00 6.03 0.01 100% P127143 TF-14765 Effective USD 1.10 1.10 0.00 0.95 0.15 87% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P127143 IDA-52620 Effective 05-Jun-2013 13-Oct-2013 02-Jul-2014 31-Dec-2018 31-Dec-2019 P127143 TF-14757 Effective 13-Oct-2013 13-Oct-2013 02-Jul-2014 31-Dec-2018 31-Dec-2019 P127143 TF-14765 Effective 13-Oct-2013 13-Oct-2013 02-Jul-2014 30-Jun-2018 30-Jun-2019 Cumulative Disbursements 6/9/2019 Page 5 of 6 The World Bank Implementation Status & Results Report DJ Geothermal Power Generation Project (P127143) Restructuring History Level 2 Approved on 20-Oct-2014 ,Level 2 Approved on 22-Sep-2015 ,Level 2 Approved on 26-Jun-2018 ,Level 2 Approved on 20-Dec-2018 Related Project(s) There are no related projects. 6/9/2019 Page 6 of 6