Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) Eskom Investment Support Project (P116410) AFRICA | South Africa | Energy & Extractives Global Practice | IBRD/IDA | Specific Investment Loan | FY 2010 | Seq No: 11 | ARCHIVED on 10-Jul-2016 | ISR23886 | Implementing Agencies: Key Dates Key Project Dates Bank Approval Date:08-Apr-2010 Effectiveness Date:31-May-2010 Planned Mid Term Review Date:16-Jun-2014 Actual Mid-Term Review Date:30-Jun-2014 Original Closing Date:31-Oct-2015 Revised Closing Date:31-Dec-2019 Project Development Objectives Project Development Objective (from Project Appraisal Document) The project development objective (PDO) of the Eskom Investment Support Project for South Africa is to enhance its power supply andenergy security in an efficient and sustainable manner so as to support both economic growth objectives and South Africa's longterm carbon mitigation strategy. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Medupi Power Plant:(Cost $2380.85 M) Renewable energy (Sere Wind Farm and Concentrating Solar Power Plants):(Cost $267.83 M) Support for low carbon energy efficiency comps., comprising the Majuba Railway for coal transportation & TA prog. for energy efficie ncy:(Cost $415.77 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Unsatisfactory  Moderately Unsatisfactory Overall Implementation Progress (IP)  Unsatisfactory  Unsatisfactory Overall Risk Rating  High  High 7/10/2016 Page 1 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) Implementation Status and Key Decisions The first unit of the Medupi power plant is in commercial operation and the second unit is expected to come into commercial operation in the first quarter of CY2017. The third unit is also proceeding according to the updated schedule of mid 2015. Construction of associated transmission lines is progressing well, and the lines will be completed ahead of the power plant. Work on the last three units needs to be accelerated to ensure commercial operation of the entire power plant by 2019. The Sere Wind Farm continues to perform well, registering a plant factor above that envisaged at appraisal. After good progress of the Kiwano (formerly Upington) Concentrating Solar plant in the fourth quarter of CY2015, the component is now at standstill. Discussions are underway to get it moving again. The construction of the Majuba railway is above 50 percent complete and progressing well. 7/10/2016 Page 2 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) 7/10/2016 Page 3 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) 7/10/2016 Page 4 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) 7/10/2016 Page 5 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) 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 Sustainability  --  High  High Fiduciary  --  Moderate  Moderate Environment and Social  --  Substantial  Substantial Stakeholders  --  High  High Other  --  --  -- Overall  --  High  High Results Project Development Objective Indicators 7/10/2016 Page 6 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) PHINDPDOTBL  Generation capacity installed and commissioned (Medupi) (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 800.00 800.00 4800.00 Date 31-Mar-2009 30-Sep-2015 03-Jun-2016 31-Dec-2019 PHINDPDOTBL  Generation capacity installed and commissioned from renewable energy (Sere Wind Farm) (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 31-Mar-2009 30-Sep-2015 03-Jun-2016 31-Dec-2019 PHINDPDOTBL  Generation capacity installed and commissioned from renewable energy (CSP) (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 100.00 Date 31-Mar-2009 31-May-2015 03-Jun-2016 31-Dec-2019 PHINDPDOTBL  Direct CO2 emissions avoided under the project (Metric ton, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.10 271000.00 199000.00 Date 31-Mar-2009 31-May-2015 03-Jun-2015 31-Dec-2019 Comments The Actual figures reported previously are incorrect. The correct figure should be of the order of thousand of tons. The target should be 199,000 metric ton. The reason for a higher actual value is the fact that Sere is operating at a higher plant factor than was envisaged at appraisal or restructuring. Overall Comments 7/10/2016 Page 7 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) Intermediate Results Indicators PHINDIRITBL  Direct project beneficiaries (Number, Core) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 35608.00 370000.00 4584283.00 Date 31-Mar-2009 31-May-2015 03-Jun-2015 31-Dec-2019 Comments The number of direct beneficiaries is computed as the percentage increase of additional generation fed into the grid multiplied by the number of existing residential customers. Eskom electricity sales in 2013/2014, prior to the three EISP-projects coming on line, stood at 217,903 GWh with a residential consumer base of 28,301,714 (direct and through municipalities). The reported actual is based on operation of Sere Wind and if Medupi Unit 6. PHINDIRITBL  Female beneficiaries (Percentage, Core Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 50.00 50.00 50.00 50.00 PHINDIRITBL  Quarterly Medupi Environmental Monitoring Committee meetings held and minutes distributed. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 31-Mar-2009 31-May-2015 03-Jun-2016 31-Dec-2019 7/10/2016 Page 8 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) PHINDIRITBL  Medupi construction progress rate towards completion (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 66.00 65.00 100.00 Date 31-Mar-2009 30-Sep-2015 03-Jun-2016 31-Dec-2019 Comments Previous actual was incorrect. PHINDIRITBL  Number of units synchronized (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 1.00 6.00 Date 31-Mar-2009 30-Sep-2015 03-Jun-2016 31-Dec-2019 PHINDIRITBL  Number of units handed over to commercial operations (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 1.00 6.00 Date 31-Mar-2009 31-May-2015 03-Jun-2016 31-Dec-2019 PHINDIRITBL  Transmission lines completed (Kilometers, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 318.00 438.00 1034.00 Date 31-Mar-2009 30-Sep-2015 03-Jun-2016 31-Dec-2019 7/10/2016 Page 9 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) PHINDIRITBL  Transmission lines progress rate towards completion (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 31.00 42.00 100.00 Date 31-Mar-2009 30-Sep-2015 03-Jun-2016 31-Dec-2019 PHINDIRITBL  Number of wind turbines erected (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 46.00 46.00 46.00 Date 31-Mar-2009 31-May-2015 03-Jun-2016 31-Dec-2019 PHINDIRITBL  Progress rate towards completion (Sere Wind Farm) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 100.00 Date 31-Mar-2009 31-May-2015 03-Jun-2016 31-Dec-2019 PHINDIRITBL  Placement of EPC contract (CSP) (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 31-Mar-2009 31-May-2015 03-Jun-2016 31-Dec-2019 7/10/2016 Page 10 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) PHINDIRITBL  Provisional acceptance (CSP) (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 31-Mar-2009 31-May-2015 03-Jun-2016 31-Dec-2019 PHINDIRITBL  Majuba coal transportation cost (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 93 110 110 20 Date 31-Mar-2009 30-Apr-2015 03-Jun-2016 31-Oct-2015 PHINDIRITBL  Progress rate towards completion for Majuba rail project (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 45.00 55.50 100.00 Date 31-Mar-2009 30-Sep-2015 03-Jun-2016 31-Dec-2019 PHINDIRITBL  Number of studies for power plant efficiency improvements completed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 7.00 7.00 7.00 Date 31-Mar-2009 31-May-2015 03-Jun-2016 31-Dec-2019 7/10/2016 Page 11 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) PHINDIRITBL  Project generation capacity savings (Megawatt, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2100.00 2303.00 3171.00 Date 31-Mar-2009 30-Sep-2015 03-Jun-2016 31-Dec-2019 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P116410 IBRD-78620 Effective USD 3,750.00 3,750.00 0.00 2,649.15 1,100.85 71% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P116410 IBRD-78620 Effective 08-Apr-2010 16-Apr-2010 31-May-2010 31-Oct-2015 31-Dec-2019 Cumulative Disbursements 7/10/2016 Page 12 of 13 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Eskom Investment Support Project (P116410) Restructuring History Level 2 Approved on 11-Dec-2014 ,Level 2 Approved on 07-Jul-2015 Related Project(s) There are no related projects. 7/10/2016 Page 13 of 13 Public Disclosure Copy