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Detail of GEF Project #1894
| GEF Project ID | 1894 |
| IBRD PO ID | 73322 |
| Funding Source | GEF Trust Fund |
| Project Name | Renewable Energy Market Transformation (REMT) |
| Country | South Africa |
| Region | Africa |
| Focal Area | Climate Change |
| Operational Program | 6 |
| Pipeline Entry Date | 2003-06-23 |
| Approval Date | 2005-04-06 |
| CEO Endorsement Date | 2007-06-07 |
| GEF Agency Approval Date | 2007-06-28 |
| Project Completion Date | 2011-09-30 |
| Project Status | Under Implementation |
| Executing Agency | Dept. of Minerals and Energy (DME) |
| Description | Promote 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 Status | Council 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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