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Document of The World Bank Report No: 66896-MV Public Disclosure Authorized PROJECT PAPER FOR A GRANT IN THE AMOUNT OF US$ 2.53 MILLION Public Disclosure Authorized TO THE REPUBLIC OF MALDIVES FOR THE CLEAN ENERGY FOR CLIMATE MITIGATION PROJECT May 7, 2012 Public Disclosure Authorized Sustainable Development Department Maldives Country Management Unit South Asia Region Public Disclosure Authorized CURRENCY EQUIVALENTS (Rate Effective April 30, 2012) Currency Unit = Maldivian Rufiyaa (Rf) US$ 1 = MVR 15.47 FISCAL YEAR July 1 – June 30 ABBREVIATIONS AND ACRONYMS ADB Asian Development Bank MEMP Maldives Environmental Management Project AusAID Australian Government Overseas Aid Program MHE Ministry of Housing and Environment BP Bank Procedure MMA Maldivian Monetary Authority CAS Country Assistance Strategy MSW Municipal Solid Waste CCAC Climate Change Advisory Council MVR Maldivian Rufiyaa CCTF Climate Change Trust Fund MW Megawatt CECM Clean Energy for Climate Mitigation Project MWh Meggwatt-hour CFL compact florescent light NASA National Aeronautics and Space Administration CO2 Carbon Dioxide NCB National Competitive Bidding CP Community Participation NGO Nongovernmental Organization CQS Consultants’ Qualifications NPC National Planning Council DC Direct Contracting NPV Net Present Value EIRR Economic Internal Rate of Return O&M Operations and Maintenance EPC Engineering, Procurement and Construction OP Operational Policy EU European Union PDO Project Development Objective ESDD Environmental and Social Due Diligence PMU Project Management Unit FBS Fixed Budget Selection PV Photovoltaic FM Financial Management QBS Quality-Based Selection FTL fluorescent tube light QCBS Quality- and Cost-Based Selection GHG Greenhouse Gases RE Renewable Energy GWh Gigawatt-hour SAP Strategic Action Plan GDP Gross Domestic Product SREP Scaling Up Renewable Energy Program GoM Government of the Maldives SRFP Standard Request for Proposal H2S Hydrogen Sulfide SSS Single-Source Selection IBRD International Bank for Reconstruction and STELCO State Electric Company Development IC Individual Consultant TC Technical Committee ICB International Competitive Bidding TIC Thinadhoo Island Council IDA International Development Association TOR Terms of Reference IUFRs Interim Unaudited Financial Reports tCO2 Tons of CO2 equivalent kW Kilowatt toe Tons of oil equivalent kWh Kilowatt-hour USUL Upper South Utilities Ltd. LED light emitting diode Wp Watt-peak Regional Vice President: Isabel Guerrero Country Director: Diariétou Gaye Sector Director: John Henry Stein Sector Manager: Jyoti Shukla Task Team Leader: Abdulaziz Faghi REPUBLIC OF MALDIVES Clean Energy for Climate Mitigation (CECM) Project TABLE OF CONTENTS I. STRATEGIC CONTEXT AND RATIONALE ....................................................................... 7 A. Country and Sector Context ............................................................................................. 7 B. Policy Context ................................................................................................................ 11 C. CCTF Support ................................................................................................................ 11 D. Rationale for Bank Involvement .................................................................................... 12 E. Higher Level Objectives to which the Project Contributes ........................................... 13 II. PROJECT DEVELOPMENT OBJECTIVES ....................................................................... 13 A. PDO and Key Indicators ................................................................................................ 13 B. Project Area and Beneficiaries....................................................................................... 14 III. PROJECT DESCRIPTION ..................................................................................................... 14 A. Project Components ....................................................................................................... 14 B. Project Financing ........................................................................................................... 15 C. Lessons Learned and Reflected in Project Design ......................................................... 15 IV. IMPLEMENTATION .............................................................................................................. 17 A. Institutional and Implementation Arrangements ........................................................... 17 B. Monitoring and Evaluation of Results ........................................................................... 17 C. Sustainability.................................................................................................................. 18 V. KEY RISKS AND MITIGATION MEASURES ................................................................... 18 VI. APPRAISAL SUMMARY ....................................................................................................... 19 A. Economic Analysis ........................................................................................................ 19 B. Technical ........................................................................................................................ 19 C. Financial management ................................................................................................... 20 D. Procurement ................................................................................................................... 21 E. Environmental and Social Due Diligence (ESDD) ........................................................ 23 F. Policy Exceptions........................................................................................................... 25 Annex 1: Results Framework .................................................................................................. 26 Annex 2: Detailed Project Description ................................................................................... 27 Annex 3: Implementation Arrangements ................................................................................ 31 Annex 4: Risk Matrix .............................................................................................................. 32 Annex 5: Thinadhoo Island Economy and Sector Context ..................................................... 35 Annex 6: Team Composition .................................................................................................. 39 Annex 7: Economic Analysis .................................................................................................. 40 Annex 8: Procurement Thresholds for Prior Review ................................................................... 44 DATA SHEET Republic of Maldives Clean Energy for Climate Mitigation Project Paper South Asia Region SASDE Basic Information Date: May 7, 2012 Sectors: Other Renewable Energy (90%); General Energy Sector (10%) Country Director: Diarietou Gaye Themes: Climate Change (100%) Sector Manager/Director: Jyoti Shukla / John Henry EA Category: B (Partial Assessment) Stein Project ID: P128268 Instrument: Specific Investment Loan Team Leader(s): Abdulaziz Faghi Recipient: Ministry of Finance and Treasury, Ameenee Magu, Male’ 20379, Republic of Maldives, Phone: +960 3349226, Fax: +960 3324432 Executing Agency: Ministry of Housing and Environment, Ameenee Magu, Maafanu, Male’ 20392, Republic of Maldives Contact: Mr. Saleem Ahmed Title: Permanent Secretary Telephone No.: +(960) 3004300 Email: [email protected] Project Implementation Period: Start Date: May 1, 2012 End Date: September 30, 2014 Expected Effectiveness Date: April 25, 2012 Expected Closing Date: September 30, 2014 Project Financing Data(US$M) [ ] Loan [ X ] Grant [ ]Other [ ] Credit [ ] Guarantee For Loans/Credits/Others Total Project Cost : US$ 2.60 million Total Bank Financing : US$ 2.53 million Total Cofinancing : US$ 0.07 million Financing Gap : 0 Financing Source Amount(US$M) BORROWER/RECIPIENT 0.07 IBRD 0 IDA: New 0 IDA: Recommitted 0 Others (MACC) 2.53 Financing Gap 0 Total 2.60 4 Expected Disbursements (in USD Million) Fiscal Year FY12 FY13 FY14 FY15 FY16 Annual 0.2 0.75 0.60 0.60 0.18 Cumulative 0.2 1.05 1.75 2.35 2.53 Project Development Objective(s) The development objective for this project is to reduce the dependence on imported fossil fuels for power generation through the use of renewable energy resources and adoption of energy efficiency measures in an island community in the Maldives Components Component Name Cost (USD Millions) 1. Grid-connected Solar PV Systems 1.19 2. Energy Efficiency and Conservation Improvement 0.60 3. Technical Assistance 0.10 a. Owner’s Engineer Services 0.26 b. Technology Assessment and Power Systems Planning The physical and price contingencies and project management amount to USD 0.38 million. The cost of all components listed above is USD 2.15 million and the total cost of the project is USD 2.60 million. Compliance Policy Does the project depart from the CAS in content or in other significant respects? Yes [ ] No [ X ] Does the project require any exceptions from Bank policies? Yes [ ] No [ X ] Have these been approved by Bank management? Yes [ ] No [ ] Is approval for any policy exception sought from the Board? Yes [ ] No [ ] Does the project meet the Regional criteria for readiness for implementation? Yes [ X ] No [ ] Safeguard Policies Triggered by the Project Yes No Environmental Assessment OP/BP 4.01 X Natural Habitats OP/BP 4.04