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Detail of GEF Project #124
| GEF Project ID | 124 |
| IBRD PO ID | 45048 |
| Funding Source | GEF Trust Fund |
| Project Name | Renewable Energy in Rural Markets Project |
| Country | Argentina |
| Region | Latin America and Caribbean |
| Focal Area | Climate Change |
| Operational Program | 6 |
| PDF-B Approval Date | 1996-01-31 |
| Approval Date | 1997-11-01 |
| CEO Endorsement Date | 1999-03-01 |
| GEF Agency Approval Date | 1999-03-30 |
| Project Completion Date | 2009-12-31 |
| Project Status | Project Closure |
| Executing Agency | Secretariat of Energy and Ports; Provincial Governments |
| Description | As part of a strategic rural electrification program, the project would substitute PV, wind power and mini-hydro schemes for diesel generators where diesel would normally be the least cost alternative. The project would supply power to over 130,000 rural households and about 4,400 public services like schools, medical centers or civil service centers. It would operate to supply the dispersed rural market at the provincial level by inviting bids from private companies for concessions. Project support would also be provided to strenghten provincial regulatory authorities and ensure an appropriate incentive/enforcement framwework. |
| Implementation Status | Project implementation is unsatisfactory due to delays in two large contracts in a province (Santiago del Estero), the loan disbursements in the first semester of CY05 (about US$1.1 million after adding disbursements from TA activities) are forecast to fall short of the target that had been agreed upon with the Bank at the time of the April 2005 portfolio review (US$2.5 million). While significant disbursements of US$9.6 million are expected in the second semester of CY05 based on contracts specified in the attached procurement plan. |
| PDF B Amount | 115,000 USD |
| GEF Project Grant | 13,500,000 USD |
| GEF Grant | 13,615,000 USD |
| Cofinancing Total | 212,100,000 USD |
| Project Cost | 225,715,000 USD |
| GEF Project (CEO Endo.) | 10,000,000 USD |
| Cofinancing Total (CEO Endo.) | 110,500,000 USD |
| Project Cost (CEO Endo.) | 120,615,000 USD |
| Project Documents |
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