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Detail of GEF Project #4009
| GEF Project ID | 4009 |
| Funding Source | GEF Trust Fund |
| Project Name | Financing Public Building Efficiency |
| Country | Romania |
| Region | Europe and Central Asia |
| Focal Area | Climate Change |
| Strategic Program | CC-1 |
| PIF Approval Date | 2009-09-04 |
| PPG Approval Date | 2009-09-04 |
| Approval Date | 2010-03-17 |
| CEO Endorsement Date | 2011-09-12 |
| Project Status | CEO Endorsed |
| GEF Agency | EBRD |
| Executing Agency | |
| Description | Project 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.) | 95,600,100 USD |
| Project Cost (CEO Endo.) | 100,150,000 USD |
| GEF Agency Fees (CEO Endo.) | 435,000 USD |
| Project Documents |
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