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Detail of GEF Project #1685
| GEF Project ID | 1685 |
| IBRD PO ID | 507107 |
| Funding Source | GEF Trust Fund |
| Project Name | Fuel Cells Financing Initiative for Distributed Generation Applications (Phase 1) |
| Country | Global |
| Region | Global |
| Focal Area | Climate Change |
| Operational Program | 7 |
| PDF-A Approval Date | 2003-01-01 |
| Pipeline Entry Date | 2003-06-23 |
| Approval Date | 2003-11-21 |
| Project Status | Under Implementation |
| Executing Agency | International Finance Corporation |
| Description | Promote commercial use of fuel cells in distributed generation applications. Stage 1 starts with three pilot installations, each as a separate stand-alone deal (and separate Council work program submission), to test the financing and business models for distributed generation investments with fuel cells. State 2, which only starts once the industry achieves specified cost reduction milestones, provides an umbrella financing program for scaling up the financing and business models piloted in Stage 1. Project $18 mil. Stage 1 and $90-135 mil. Stage 2. GEF $9 mil. Stage 1 and $45 mil. Stage 2. |
| Implementation Status | 9 proposals received from 7 countries in the first RFP. We are currently pursuing the final short listed proposal for selection. A second RFP is due to close on Sept. 30, 2004. From the first and the second RFP we will choose up to 3 distinct projects. Each project will be presented separately to GEF CEO for approval, though Council approval is for the complete first stage of the initiative. |
| PDF A Amount | 25,000 USD |
| GEF Project Grant | 6,550,000 USD |
| GEF Grant | 6,575,000 USD |
| Cofinancing Total | 9,000,000 USD |
| Project Cost | 15,575,000 USD |
| GEF Agency Fees | 922,000 USD |
| GEF Project (CEO Endo.) | 9,825,000 USD |
| Cofinancing Total (CEO Endo.) | 9,000,000 USD |
| Project Documents |
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