Disclosable Restructuring Paper - Gas Storage Expansion Project - P162727 (English)

Table of Contents

• Report No RES00092 1
• RESTRUCTURING PAPER 1
• ON A 1
• PROPOSED PROJECT RESTRUCTURING 1
• Gas Storage Expansion Project 1
• APPROVED ON 22-May-2018 1
• BORU HATLARI ILE PETROL TAŞIMA A.Ş. BOTAŞ 1
• May 30 2024 1
• Energy Extractives Europe And Central Asia 1
• ABBREVIATIONS AND ACRONYMS 1
• The World Bank 2
• The World Bank 3
• BASIC DATA 3
• Product Information 3
• Organizations 3
• OPERATION STATUS 3
• Project Development Objective DO 3
• Disbursement Summary in USD million 3
• The World Bank 4
• Policy Waivers 4
• The World Bank 5
• I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING 5
• II. DESCRIPTION OF PROPOSED CHANGES 5
• III. PROPOSED CHANGES 5
• IV. DETAILED CHANGES 5
• The World Bank 6
• I. PROJECT STATUS AND RATIONALE FOR RESTRUCTURING 6
• The World Bank 7
• The World Bank 8
• B. RATIONALE FOR RESTRUCTURING 8
• Underestimate of the original schedule 8
• Inaccuracy of initial testing and wells suitability 8
• COVID-19 pandemic 8
• Partial suspension of financing by WB and AIIB due to safeguards issues 8
• The World Bank 9
• Drought effects in Hirfanli Dam 9
• II. DESCRIPTION OF PROPOSED CHANGES 9
• Reduction of spot LNG purchases due to available storage at the Tuz Golu Expansion Plant Increase in daily send-out capacity at the Tuz Golu Expansion Plant 9
• The World Bank 10
• Turkish gas consumers benefitting from gas Leached volume of the Tuz Golu Gas Storage 10
• Number of trainings for women offered to BOTASs staff 10
• The World Bank 11
• Change orders 11
• Claims 11
• The World Bank 12
• Liquidated damages 12
• Economic analysis 12
• Financial analysis 12
• The World Bank 13
• Paris Alignment 13
• Assessment and reduction of adaptation risks 13
• Assessment and reduction of mitigation risks 13
• Corporate Scorecard 13
• The World Bank 14
• III. PROPOSED CHANGES 14
• Operation 14
• Information 14
• Proposed 14
• Changes 14
• Operation Information 14
• Proposed Changes 14
• IV. DETAILED CHANGES 14
• COSTS FINANCING 14
• Private Capital Facilitation 14
• Is this an MFD-Enabling Project MFD-EP 14
• The World Bank 15
• Is this project Private Capital Enabling PCE 15
• LOANS 15
• Loan Closing 15
• LoanCreditT rust Fund Status 15
• Original Closing 15
• Revised 15
• Closings 15
• Proposed 15
• Closing 15
• Proposed Deadline for Withdrawal Applications 15
• DISBURSEMENTS 15
• Operation Dates Projection Details 15
• The World Bank 16
• The World Bank 17
• The World Bank 18
• The World Bank 19