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Detail of GEF Project #1894

GEF Project ID1894
IBRD PO ID73322
Funding SourceGEF Trust Fund
Project NameRenewable Energy Market Transformation (REMT)
CountrySouth Africa
RegionAfrica
Focal AreaClimate Change
Operational Program6
Pipeline Entry Date2003-06-23
Approval Date2005-04-06
CEO Endorsement Date2007-06-07
GEF Agency Approval Date2007-06-28
Project Completion Date2011-09-30
Project StatusProject Completion
Executing AgencyDept. of Minerals and Energy (DME)
DescriptionPromote grid-based renewable power generation both for utility sales by power developers and for self-generation and consumption by sugar and paper industries. Promote commercial solar water heating to displace electric water heating. Assist government to create policy and institutional frameworks for renewable power generation through technical assistance, followed by investments from carbon and private financing sources. Some investments will take place based on World Bank Prototype Carbon Fund (PCF) financing (piloting a promising model in which GEF establishes favorable conditions, and PCF/carbon funds finance the actual investments). Development objectives to promote local economic development. Concept fits within three strategic priorities: power-sector policy, financing availability (from private and carbon financing), and market transformation (for solar water heaters).
Implementation StatusCouncil approved the project in April 2005. Board preparation is going on.
GEF Project Grant
6,000,000 USD
GEF Grant
6,000,000 USD
Cofinancing Total
11,300,000 USD
Project Cost
17,300,000 USD
GEF Agency Fees
540,000 USD
GEF Project (CEO Endo.)
6,000,000 USD
Cofinancing Total (CEO Endo.)
11,300,000 USD
Project Cost (CEO Endo.)
17,300,000 USD
Project Documents

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