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Armenia - Second Geofund Geothermal Project (English)

Ratings for the Second Geofund Geothermal Project for Armenia were as follows: outcomes were satisfactory, risk to global environment outcome was low or negligible, Bank performance was satisfactory, and Borrower performance was satisfactory. Some lessons learned include: the project design should allow flexibility regarding the types of field investigation works that can be financed. Thus, if types of field investigation works are strictly prescribed, then a project restructuring will be required, which may delay implementation of the project due to the time required for restructuring and subsequent probability of missing the favorable weather conditions. Procurement of technically sophisticated geo-technical studies should be initiated as early as possible. Given the technically complex nature of some geo-technical studies and non- availability of specialized firms in the local market as well as possible limited interest of internationally renowned firms, it is advisable to start procurement of such studies as early as possible. Otherwise, the consultant selection might result in very few or no bids for such consultancy services, which may require rebidding and delay project implementation.


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    Implementation Completion and Results Report

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    Europe and Central Asia,

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    Armenia - Second Geofund Geothermal Project

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Armenia - Second Geofund Geothermal Project (English). Washington, D.C. : World Bank Group.