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Detail of GEF Project #944
| GEF Project ID | 944 |
| IBRD PO ID | 71461 |
| Funding Source | GEF Trust Fund |
| Project Name | Energy Efficiency Project |
| Country | Croatia |
| Region | Europe and Central Asia |
| Focal Area | Climate Change |
| Operational Program | 5 |
| Pipeline Entry Date | 1999-10-01 |
| PDF-B Approval Date | 2001-04-11 |
| Approval Date | 2001-05-11 |
| CEO Endorsement Date | 2003-08-25 |
| GEF Agency Approval Date | 2003-10-07 |
| Project Completion Date | 2010-06-30 |
| Project Status | Project Completion |
| Executing Agency | Hrvatska Elektroprivreda (HEP, the Croatian electricity utility) for the IBRD loan, GEF contingent grant, and GEF technical assistance; an independent financial intermediary for the GEF guarantee |
| Description | The proposed project will make Croatia’s economy less energy intensive by establishing an economically and environmentally sustainable market for energy efficiency projects and services. It will do so by creating a core developer of energy efficiency projects within HEP, the national power utility. The new energy service company, ESCO, will promote, develop and finance energy efficiency projects. |
| Implementation Status | Project is under implementation. It has made a good start and is progressing well. |
| PDF B Amount | 84,410 USD |
| GEF Project Grant | 7,000,000 USD |
| GEF Grant | 7,084,410 USD |
| Cofinancing Total | 23,400,000 USD |
| Project Cost | 30,484,400 USD |
| GEF Agency Fees | 701,000 USD |
| GEF Project (CEO Endo.) | 7,000,000 USD |
| Cofinancing Total (CEO Endo.) | 32,800,000 USD |
| Project Cost (CEO Endo.) | 39,884,400 USD |
| Project Documents |
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