- Increase fontDecrease font Text size
Detail of GEF Project #2174
| GEF Project ID | 2174 |
| IBRD PO ID | 506396 |
| Funding Source | GEF Trust Fund |
| Project Name | Commercializing Energy Efficiency Finance (CEEF) - Tranche II |
| Country | Regional |
| Region | Europe and Central Asia |
| Focal Area | Climate Change |
| Operational Program | 5 |
| Pipeline Entry Date | 2002-03-05 |
| Approval Date | 2002-05-17 |
| CEO Endorsement Date | 2003-08-11 |
| GEF Agency Approval Date | 2003-10-24 |
| Project Status | Under Implementation |
| Executing Agency | IFC |
| Executing Agency | IFC |
| Implementation Status | CEEF became fully operational in March 2003 with the field implementation offices fully staffed and equipped. An internal launch workshop was held in Budapest where the new CEEF team had an opportunity to learn first hand about the implementation of HEECP. To date Guarantee Agreements have been signed in Latvia (2 banks and 2 leasing companies), Slovakia (1 bank) and Czech Republic (1 bank and 1 leasing company). Lithuania (2 banks) and a cooperative agreement in place in Estonia with 1 bank. Transactions completed in all markets with pipeline in place. GEF allocation increased by $3.1million per GEF Amendment letter dated February 7, 2005 (funds were transferred from HEECP). |
| GEF Project Grant | 6,750,000 USD |
| GEF Grant | 6,750,000 USD |
| Cofinancing Total | 57,000,000 USD |
| Project Cost | 63,750,000 USD |
| GEF Project (CEO Endo.) | 6,750,000 USD |
| Project Cost (CEO Endo.) | 6,750,000 USD |
| Project Documents |
Related Links: Country Profile | Project Search