- Increase fontDecrease font Text size
Detail of GEF Project #450
| GEF Project ID | 450 |
| IBRD PO ID | 9105 |
| Funding Source | GEF Trust Fund |
| Project Name | Coalbed Methane Recovery |
| Country | Ukraine |
| Region | Europe and Central Asia |
| Focal Area | Climate Change |
| Operational Program | STRM |
| PDF-B Approval Date | 1998-03-30 |
| Approval Date | 1998-03-30 |
| Project Completion Date | 2000-06-30 |
| Project Cancellation Date | 2001-03-30 |
| Project Status | Cancelled |
| Executing Agency | CBM Unit, Ministry of Economy |
| Description | The project’s objectives are to: (a) reduce emissions of greenhouse gases which are a byproduct of Ukraine’s mining sector; (b) increase resource recovery and promote the commercial extraction of coalbed methane; and (c) help increase the productivity and safety of Ukraine’s underground coal mines. The project has two components; the Mining component will undertake underground extraction of methane; and the second component will support the creation of a coalbed methane company which will carry out field tests to verify the commercial potential of surface gas extraction. |
| Implementation Status | The project has been officially stalled since March, 2000 after the government failed to fulfill conditions for resumption of preparation activities, including demonstration of adequate financing for the project. The project had been progressing slowly before this time, beginning with the bankruptcy of one of the original private co-financiers. Additionally, the Bank Coal sector loan, which was to be associated with, was eventually dropped for other reasons, thus eliminating another major source of associated co-financing for the project. Discussions of restructuring this project have focused on the possibility of separating the above ground and below ground methane capture components, however at this point an adequate financing package remains the most limiting factor. No funding has been given to this project this year, and it is recommended to be dropped from the GEF pipeline. The closing dated was extended to 6/30/00, to permit disbursements of the remaining loan funds ($70,000). RC advised project team of the need to move forward and cancel this project formally with the GEF Trustees Office to free up held back GEF resources. I also to advise the government of Ukraine of such recommendation to cancel the GEF commitment to this project (in its March, 1998). It was also made clear that if project team decide to restructure the project, it will have to be resubmitted to Council and will have to get in line with other projects awaiting a slot for the GEF Council review. |
| PDF B Amount | 200,000 USD |
| GEF Project Grant | 6,000,000 USD |
| GEF Grant | 6,200,000 USD |
| Cofinancing Total | 11,200,000 USD |
| Project Cost | 17,400,000 USD |
| Project Documents |
Related Links: Country Profile | Project Search