Implementation Status & Results Ethiopia Electricity Network Reinforcement and Expansion Project (ENREP) (P119893)

Transcription

1 Public Disclosure Authorized Public Disclosure Authorized The World Bank Implementation Status & Results Ethiopia Electricity Network Reinforcement and Expansion Project (ENREP) (P119893) Operation Name: Electricity Network Reinforcement and Expansion Project Project Stage: Implementation Seq.No: 2 Status: ARCHIVED Archive : 19-Oct-2013 (ENREP) (P119893) Country: Ethiopia Approval FY: 2012 Product Line: IBRD/IDA Region: AFRICA Lending Instrument: Specific Investment Loan Implementing Agency(ies): Key s Board Approval 29-May-2012 Original Closing Planned Mid Term Review 01-Apr-2015 Last Archived ISR 22-Feb-2013 Effectiveness 04-Jan-2013 Revised Closing Actual Mid Term Review Project Development Objectives Project Development Objective (from Project Appraisal Document) The Development Objectives of the Electricity Network Reinforcement and Expansion Project are to improve reliability of the electricity network and to increase access to electricity services in Ethiopia. Has the Project Development Objective been changed since Board Approval of the Project? Yes No Component(s) losure Authorized Public Disclosure Authorized Component Name Component Cost Reinforcement and Expansion of Electricity Network Access Scale-Up Market Development for Renewable Energy and Energy Efficient Products Modernization Support Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Satisfactory Moderately Satisfactory Overall Risk Rating Substantial Substantial Implementation Status Overview Following some delays in meeting certain Project conditions, the Project was finally declared effective on January 4, Since then, the Ethiopian Electric Power Corporation (EEPCO) submitted a revised Procurement Plan and is finalizing its procurement packages and bidding documents to be issued Page 1 of 7

2 to start implementation of the project. Many of the procurement packages are in advanced stages of preparation and as the contracts are signed and implementation initiated, the team expects disbursement to increase even further. On the credit line component - the Development Bank of Ethiopia (DBE) has finalized its POM with comments and clearances from relevant parties. DBE held a kick-off project meeting with the project stakeholders to start its access-to-finance scheme for the private sector and micro-finance organizations under the project. Currently, DBE has already received loan application request from private sector parties totaling over US$2M (primarily from solar lighting importers). DBE expects the approvals and consequently the disbursement to take place within the coming quarter. The Just in Time Study on EEPCO FM issues was discussed with the GOE, however, there has been limited progress on the issues related to the recommendation of the report. The delays in submission of EEPCO's Audit report continue to stall progress on portfolio wide projects. EEPCO submitted a draft financial viability plan on June 16, 2013 for FY14, however, it has not yet responded to Bank's explanatory comments on the plan. As per the dated project covenants, EEPCo was supposed to appoint internal auditors and a financial adviser. However, EEPCo is yet to identify suitable persons for these positions. An upcoming Bank Implementation Review Mission will discuss the key project implementation issues with GOE. Locations No Location data has been entered Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Access: Number of HHs with access to modern Number Value energy services (off-grid) Direct project beneficiaries Number Value Female beneficiaries Percentage Sub Type Supplemental Value Access: Number of HHs connected to the grid Number Value Reliability: System Average Interruption Number Value Frequency Index, SAIFI 30-Jun-2011 Page 2 of 7

3 Reliability: System Average Interruption Duration Index, SAIDI Intermediate Results Indicators Hours Value Indicator Name Core Unit of Measure Baseline Current End Target ESIA and RAP completed - number of Number Value substations ESIA and RAP Completed - km of lines Kilometers Value Dec-2016 Time to complete EEPCO entity audit report Months Value Mar-2012 Improvement efforts not fully implemented Number of EEPCO Retained Financial Number Value Advisors Expected soon Number of EEPCO retained Procurement Number Value Advisors Number of EEPCO retained procurement staff Number Value Number of biogas plants installed Number Value Number of Solar Lanterns Sold Number Value Expected Soon Number of Solar Home Systems Sold Number Value Jun-2011 Expected Soon Page 3 of 7

4 NPL Ratio of HH Loan Portfolio Percentage Value Total amount of loans given to HHs Amount(USD) Value Number of Loans Given to HHs Number Value Number of Solar Lanterns Imported Number Value Woredas covered by credit line Number Value Number of Partner MFIs Number Value Wassasa and OSSCO Total Energy Sales Amount(USD) Value Number of Solar Home Systems Imported Number Value Aug-2013 NPL Ratio of the PSE Loan Portfolio Percentage Value Total Amount of Loans Given to PSCs Amount(USD) Value Number of Loans Given to PSCs Number Value Aug-2013 Number of Schools connected Number Value Page 4 of 7

5 30-Jun-2011 Number of EEPCO Staff Trained Number Value Jun-2011 Number of beneficiaries trained Number Value Jun-2011 Number of awareness events held Number Value Jun-2011 SME awareness Number of efficient cookstoves installed Number Value Jun-2011 Segments of transmission lines constructed, Kilometers Value upgraded or rehabilitated (km) Number of Substations constructed or Number Value upgraded under the project Transmission System Loss Percentage Value Distribution System Loss Percentage Value Total Energy Sales Gigawatt-hour Value (GWh) Number of Health Centers Connected Number Value Data on Financial Performance (as of 17-Jun-2013) Page 5 of 7

6 Financial Agreement(s) Key s Project Ln/Cr/Tf Status Approval Signing Effectiveness Original Closing Revised Closing P IDA Effective 29-May Jun Jan-2013 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P IDA Effective XDR Disbursement Graph Key Decisions Regarding Implementation The ENREP Project became effective on January 4, The Ethiopian Electric Power Corporation (EEPCO) submitted a revised Procurement Plan to complete all unfinished project activities under the previous projects. Many of the procurement packages are in advanced stages of preparation and it is expected that the project will have fast disbursement as the contracts can be awarded within a short period. The Development Bank of Ethiopia (DBE) has finalized its POM with comments and clearances from relevant parties. DBE held a kick-off project meeting with the project stakeholders to start its access-to-finance scheme for the private sector and micro-finance organizations under the project. DBE has already received loan application requests from private sector parties totaling over US$2M (primarily from solar lighting importers). DBE expects the approvals and consequently the disbursement to take place within the coming quarter. EEPCO needs to strengthen its financial management system as per the project covenants. Page 6 of 7

7 Restructuring History There has been no restructuring to date. Related Projects There are no related projects. Page 7 of 7