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Detail of GEF Project #2944

GEF Project ID2944
IBRD PO ID98423
Funding SourceGEF Trust Fund
Project NameSustainable Energy Financing
CountryRegional
RegionAsia and the Pacific
Focal AreaClimate Change
Operational Program5; 6
Pipeline Entry Date2005-12-18
Approval Date2006-08-01
CEO Endorsement Date2007-05-18
GEF Agency Approval Date2007-06-12
Project StatusUnder Implementation
Executing AgencyFiji Ministry of Works and Energy (MWE); Fiji Electricity Authority (FEA); PNG Sustainable Energy Ltd. (PNGSEL); Central Bank of the Solomon Islands (CBSI), participating commercial banks.
DescriptionThe development objective is to improve income and living conditions of rural households, enable income earning activities, and contribute to micro and small enterprise development by removing financial barriers for the target group to provide access to modern energy services. The project's direct objective is to significantly increase the adoption and use of renewable energy technologies and energy efficiency measures in participating Pacific Island state by providing a package of incentives to encourage local financial institutions to participate in sustainable energy financing of equipment purchases. Its global environmental objective is to contribute to mitigating climate change through the reduction of greenhouse gas emissions, in line with the objectives of the United Nations Framework Convention on Climate Change.
GEF Project Grant
9,480,000 USD
GEF Grant
9,480,000 USD
Cofinancing Total
21,600,000 USD
Project Cost
31,080,000 USD
GEF Agency Fees
853,200 USD
GEF Project (CEO Endo.)
9,480,000 USD
Cofinancing Total (CEO Endo.)
48,985,100 USD
Project Cost (CEO Endo.)
58,465,100 USD
Project Documents

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