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The World Bank Report No: ISR11451 Implementation Status & Results Indonesia ID-PCF-Indonesia Lahendong Geothermal Project (P096677) o 0 o Operation Name: ID-PCF-Indonesia Lahendong Geothermal Project (P096677) Project Stage: Implementation Seq.No: 4 Status: ARCHIVED Archive Date: 22-Dec-2014 Country: Indonesia Approval FY: 2008 6 Product Line: Carbon Offset Region: EAST ASIA AND PACIFIC Lending Instrument: .Ln Implementing Agency(ies): PERUSAHAAN LISTRIK NEGARA (PLN) O Key Dates 3 Board Approval Date 10-Dec-2007 Original Closing Date Planned Mid Term Review Date Last Archived ISR Date 23-Mar-2012 Effectiveness Date Revised Closing Date Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective of the proposed project is to mitigate global environmental impacts of carbon dioxide (C02) emissions through purchase of C02 emissions avoided by the development of the Lahendong II Geothermal Project under the clean development mechanism (CDM). The plant has been developed to meet growing power demand in the North Sulawesi area of Indonesia. Has the Project Development Objective been changed since Board Approval of the Project? O Yes o No Component(s) Component Name Component Cost The Lahendong 1lpower project is a subproject of ADB financed REDS 0.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Unsatisfactory a Overall Implementation Progress (IP) Moderately Satisfactory Unsatisfactory 0 C) Overall Risk Rating Low 'I) o Implementation Status Overview . The Lahendong II geothermal project was financed by the Asian Development Bank, but the World Bank, as trustee of the Netherlands Clean Development Facility (NCDMF), entered 0 into an emission reduction purchase agreement (ERPA) with the project owner, PLN to buy certified emission reductions from the project whereby electricity generated by geothermal steam offsets the use of fossil fuels in the Minhasa grid of northern Sulawesi. The carbon offset transaction was developed as part of the World Bank's role to help develop the a market for carbon offsets credits. The geothermal power plant is operating well and meeting the project's development objective of mitigating the global environmental impact of carbon dioxide emissions. It is helping meet the energy needs in the Minahasa grid in North Sulawesi, Indonesia, in an environmentally friendly manner. However, there were a number of delays with the certification of 216,237 reported emission reductions from the project for calendar years 2010, 2011, and 2012, which eventually issued in March 2014, beyond the ERPA validity until December 31, 2013. Page 1 of 4 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized closure Authorized
Transcript of World Bank Documentdocuments.worldbank.org/curated/en/763451468253236241/pdf/ISR-Disc... · Project...
The World Bank Report No: ISR11451
Implementation Status & ResultsIndonesia
ID-PCF-Indonesia Lahendong Geothermal Project (P096677)
o0o Operation Name: ID-PCF-Indonesia Lahendong Geothermal Project (P096677) Project Stage: Implementation Seq.No: 4 Status: ARCHIVED Archive Date: 22-Dec-2014
Country: Indonesia Approval FY: 2008
6 Product Line: Carbon Offset Region: EAST ASIA AND PACIFIC Lending Instrument:
.Ln Implementing Agency(ies): PERUSAHAAN LISTRIK NEGARA (PLN)
O Key Dates3 Board Approval Date 10-Dec-2007 Original Closing Date Planned Mid Term Review Date Last Archived ISR Date 23-Mar-2012
Effectiveness Date Revised Closing Date Actual Mid Term Review Date
Project Development ObjectivesProject Development Objective (from Project Appraisal Document)
The development objective of the proposed project is to mitigate global environmental impacts of carbon dioxide (C02) emissions through purchase of C02 emissionsavoided by the development of the Lahendong II Geothermal Project under the clean development mechanism (CDM). The plant has been developed to meet growingpower demand in the North Sulawesi area of Indonesia.
Has the Project Development Objective been changed since Board Approval of the Project?
O Yes o No
Component(s)
Component Name Component Cost
The Lahendong 1lpower project is a subproject of ADB financed REDS 0.00
Overall RatingsPrevious Rating Current Rating
Progress towards achievement of PDO Satisfactory Unsatisfactory
a Overall Implementation Progress (IP) Moderately Satisfactory Unsatisfactory0C) Overall Risk Rating Low
'I)
o Implementation Status Overview. The Lahendong II geothermal project was financed by the Asian Development Bank, but the World Bank, as trustee of the Netherlands Clean Development Facility (NCDMF), entered0 into an emission reduction purchase agreement (ERPA) with the project owner, PLN to buy certified emission reductions from the project whereby electricity generated by geothermal
steam offsets the use of fossil fuels in the Minhasa grid of northern Sulawesi. The carbon offset transaction was developed as part of the World Bank's role to help develop thea market for carbon offsets credits. The geothermal power plant is operating well and meeting the project's development objective of mitigating the global environmental impact of
carbon dioxide emissions. It is helping meet the energy needs in the Minahasa grid in North Sulawesi, Indonesia, in an environmentally friendly manner. However, there were anumber of delays with the certification of 216,237 reported emission reductions from the project for calendar years 2010, 2011, and 2012, which eventually issued in March 2014,beyond the ERPA validity until December 31, 2013.
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) The World Bank Report No: ISR11451
Locations
Country First Administrative Division Location Planned Actual
Indonesia Not Entered Leilemo0
3 Results
0 Project Development Objective IndicatorsU
Indicator Name Core Unit of Measure Baseline Current End Target
Certified Emission Reductions Number Value 0.00 0.00 340000.00
Date 19-Dec-2009 31 -Dec-2013 31 -Dec-2013
Comments Actual (Previous) should be 216,237 ERs were issued on Due to delay in registration,zero. March 14, 2014. Thus by the the end target value should
end of the project of reflect totals for the periodDecember 31,2013, no CERs December 20, 2009 -were issued December 31, 2012
(208,508). For this period,actual CERs will be about8,000 above end targetestimates.
Intermediate Results Indicators
Indicator Name Core Unit of Measure Baseline Current End Target
Reported emission reducitons Text Value 0 216304 340000
Date 09-Mar-2012 31-Dec-2013
Comments Actual (Previous) should be Figure for actual amount Due to delay in registration,revised upward to 84,960 due based on ongoing the end target value shouldto recalculations during verifications for 3 monitoring reflect totals for the periodverification process. reports: December 20, 2009 -
1. (Dec 20, 2009 - December December 31, 201231, 2010: 84,960 (208,508). For this period,
a 2. Calendar year 2011: December 20, 2009 -63,750 December 31, 20123. Calendar year 2012: (208,508). For this period,
U) 67,527 actual CERs will be aboutO 8,000 above end target.U,0 estimates.
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MWh of electricity generated Megawatt hour Value 0.00 741790.00 732335.00(MWh)
Sub Type
Supplemental0
a): Data on Financial Performance (as of 15-Sep-2014)0-6 Financial Agreement(s) Key Dates
0 Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date
E P096677 TF-91097 Closed 09-Dec-2007 09-Dec-2007 23-Jul-2009 20-Jun-2013 31-Dec-2013
Disbursements (in Millions)
Project Ln/CrITf Status 1Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed
P096677 {TF-91097 jClosed USD 4.301 .600 .07.00
Disbursement Graph
- Original ---- Formally Revised -- Actual0.012-
0.01 -- r-------------------
S /0.0080 -/
o 0 IC/ Kd
Reerctuiong HistoryigIpeetto
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) The World Bank Report No: ISR11451
There has been no restructuring to date.
Related ProjectsThere are no related projects.
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