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FOREIGN-ASSISTED AND SPECIAL PROJECTS SERVICE
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Philippine Chiller Energy Efficiency Project (PCEEP) (P114119) Aide Memoire – Project Implementation Review Mission February 11-15, 2013

Overview:   The project has been in problem status for over 12 months and the Bank has worked closely with the PMU to address the issues which put the project at risk. The PMU has put in a lot of hard work in jump starting project implementation and has made some progress. The first disbursement to Manila Peninsula is being processed. All required documentations including the safeguard implementation report have been made available to the Bank. The first payment from the GEF Trust Fund (TF95991) has already been made. By the end of CY13, the PMU expects to sign 14 additional SGAs. During the mission, the team reviewed the pipeline of chiller replacements with the PMU to determine and firm up the chiller replacements for 2013. The PMU collaborated with Energy Service Companies (ESCO) in the identification of some potential project beneficiaries. The 2 PMU will continue to collaborate with ESCOs to further firm up the pipeline for 2014 and to determine the possibility of advancing chiller replacements scheduled for 2015 to 2014. It was also agreed that the PMU will look into the possibility of having SGAs signed between the ESCO and DENR for shared contracts. Under this arrangement, ownership of the new chiller belongs to the ESCO in exchange for financial and technical assistance that they will be providing to the chiller owners. The ESCO and chiller owner will share in the cost savings from the chiller replacement. The PMU reiterated its request to extend the Closing Date of the GEF TF from January 1, 2015 to December 15, 2016 to allow time to fully implement the chiller replacements and to align its Closing Date with the MLF TF which is scheduled to close on January 1, 2017. However, the team advised that during the last mission, Bank management had advised that the extension would only be considered in FY2014 and will be contingent on sustained implementation progress. Given the progress in firming up pipeline of chiller replacements and a clear action plan, the team recommends to upgrade the project implementation status as moderately satisfactory The team, recommends to proceed with restructuring.
Document Date: 
2013-02-28 00:00:00
Document Type: 
Aide Memoire
Project Title: 
Philippine Chillers Energy Efficiency Project (PCEEP)
PDF icon PCEEP Aide Memoire February 2013.docx_.pdf