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Detail of GEF Project #4009

GEF Project ID4009
Funding SourceGEF Trust Fund
Project NameFinancing Public Building Efficiency
CountryRomania
RegionEurope and Central Asia
Focal AreaClimate Change
Strategic ProgramCC-1
PIF Approval Date2009-09-04
PPG Approval Date2009-09-04
Approval Date2010-03-17
CEO Endorsement Date2011-09-12
Project StatusUnder Implementation
GEF AgencyEBRD
Executing AgencyEBRD
Executing AgencyEBRD
DescriptionProject Objective: The EBRD-GEF project will reduce greenhouse gas emissions in Romania by improving energy efficiency in public buildings. The project will capitalize on the existing positive policy environment by addressing barriers to municipal project financing through a targeted technical assistance program. The project will help local authorities overcome common obstacles to financing energy efficiency improvements such as allocation of resources for energy audits and project preparation, tendering procedures, and management of larger-scale programs that may need additional dedicated resources. Investment barriers will be addressed through the use of Energy Performance Contracts (EPC) and the introduction of forfeiting as a financing mechanism, which together will enable private contractors to finance and implement the necessary energy saving measures.
PPG Amount
200,000 USD
GEF Project Grant
4,570,000 USD
GEF Grant
4,770,000 USD
Cofinancing Total
81,250,000 USD
Project Cost
86,020,000 USD
GEF Agency Fees
457,000 USD
GEF Project (CEO Endo.)
4,350,000 USD
Cofinancing Total (CEO Endo.)
95,600,128 USD
Project Cost (CEO Endo.)
100,150,128 USD
GEF Agency Fees (CEO Endo.)
435,000 USD
Project Documents

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