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Detail of GEF Project #1071
| GEF Project ID | 1071 |
| IBRD PO ID | 72096 |
| Funding Source | GEF Trust Fund |
| Project Name | Rural Power |
| Country | Philippines |
| Region | Asia and the Pacific |
| Focal Area | Climate Change |
| Operational Program | 6 |
| Pipeline Entry Date | 2001-05-14 |
| PDF-B Approval Date | 2001-05-14 |
| Approval Date | 2002-05-17 |
| CEO Endorsement Date | 2003-09-22 |
| GEF Agency Approval Date | 2003-12-04 |
| Project Status | Under Implementation |
| Executing Agency | Department of Energy |
| Description | The purpose of this PDF activity is to directly assist preparation of a specific investment project component in electrification of off-grid rural areas in the Philippines, on a least cost basis, that is expected to include significant use of appropriate new and renewable energy (NRE) technologies and thus contribute to the mitigation of greenhouse gas (GHG) emissions. The activity will, in effect, reduce the primary market barrier to public and private investments in NRE in off-grid areas by providing to government planners and potential private participants a detailed comprehensive analysis of key issues and options in investment decision making, including technology choices, service delivery options and financing mechanisms in the specific barangays targeted by the project |
| Implementation Status | The number of RET companies (six) accredited and operating in rural areas already exceeds the minimum target number (four) at the end of the program and DBP already approved two mini-hydros subprojects that will, upon operation in 2006/2007, result in 13,184 tons of CO2 emission avoided per year. However, delays have been encountered in the operationalization of the loan guarantee fund and in PV market penetration. On balance, Project implementation progress is satisfactory. |
| PDF B Amount | 350,000 USD |
| GEF Project Grant | 10,000,000 USD |
| GEF Grant | 10,350,000 USD |
| Cofinancing Total | 26,500,000 USD |
| Project Cost | 36,850,000 USD |
| GEF Agency Fees | 1,200,000 USD |
| GEF Project (CEO Endo.) | 10,000,000 USD |
| Cofinancing Total (CEO Endo.) | 26,500,000 USD |
| Project Cost (CEO Endo.) | 36,850,000 USD |
| Project Documents |
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