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Detail of GEF Project #1291
| GEF Project ID | 1291 |
| IBRD PO ID | 71464 |
| Funding Source | GEF Trust Fund |
| Project Name | Renewable Energy Resources Project |
| Country | Croatia |
| Region | Europe and Central Asia |
| Focal Area | Climate Change |
| Operational Program | 6 |
| Pipeline Entry Date | 1999-11-12 |
| PDF-B Approval Date | 2001-09-28 |
| Approval Date | 2002-05-17 |
| CEO Endorsement Date | 2005-05-23 |
| GEF Agency Approval Date | 2005-06-23 |
| Project Completion Date | 2010-05-31 |
| Project Status | Project Completion |
| Executing Agency | Ministry of Finance, Croatian Development Bank and Hrvatska Elektropriveda |
| Description | The project will assist the government with developing a policy framework and financing vehicles for renewable energy, including policy development, resource assessment, a national RE fund, regional energy centers, training for policy development, TA for entrepreneurs, TA for local planning and permitting, and small hydro, wind, and biomass demonstration projects. Initial financing design suggests three possible mechanisms for GEF support: contingent grants for pre-feasibility studies, equity investments for RE projects as part of a national RE fund, and performance grants. GEF $4 million; project cost $14.8, including IBRD, commercial banks, and utilities. |
| Implementation Status | Project preparations activities were completed on 5/31/2005 and project team will work on the Completion Report. The main project was approved by the Bank Board on June 23, 2005. |
| PDF B Amount | 350,000 USD |
| GEF Project Grant | 6,000,000 USD |
| GEF Grant | 6,350,000 USD |
| Cofinancing Total | 21,430,000 USD |
| Project Cost | 27,780,000 USD |
| GEF Agency Fees | 890,000 USD |
| GEF Project (CEO Endo.) | 5,500,000 USD |
| Cofinancing Total (CEO Endo.) | 3,000,000 USD |
| Project Cost (CEO Endo.) | 8,850,000 USD |
| Project Documents |
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