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Detail of GEF Project #124

GEF Project ID124
Funding SourceGEF Trust Fund
Project NameRenewable Energy in Rural Markets Project
RegionLatin America and Caribbean
Focal AreaClimate Change
Operational Program6
PDF-B Approval Date1996-01-31
Approval Date1997-11-01
CEO Endorsement Date1999-03-01
GEF Agency Approval Date1999-03-30
Project Completion Date2009-12-31
Project StatusProject Closure
GEF AgencyWorld Bank
Executing AgencySecretariat of Energy and Ports; Provincial Governments
DescriptionAs part of a strategic rural electrification program, the project would substitute PV, wind power and mini-hydro schemes for diesel generators where diesel would normally be the least cost alternative. The project would supply power to over 130,000 rural households and about 4,400 public services like schools, medical centers or civil service centers. It would operate to supply the dispersed rural market at the provincial level by inviting bids from private companies for concessions. Project support would also be provided to strenghten provincial regulatory authorities and ensure an appropriate incentive/enforcement framwework.
Implementation StatusProject implementation is unsatisfactory due to delays in two large contracts in a province (Santiago del Estero), the loan disbursements in the first semester of CY05 (about US$1.1 million after adding disbursements from TA activities) are forecast to fall short of the target that had been agreed upon with the Bank at the time of the April 2005 portfolio review (US$2.5 million). While significant disbursements of US$9.6 million are expected in the second semester of CY05 based on contracts specified in the attached procurement plan.
PDF B Amount
115,000 USD
GEF Project Grant
13,500,000 USD
GEF Grant
13,615,000 USD
Cofinancing Total
212,100,000 USD
Project Cost
225,715,000 USD
GEF Project (CEO Endo.)
10,000,000 USD
Cofinancing Total (CEO Endo.)
110,500,000 USD
Project Cost (CEO Endo.)
120,615,000 USD
Project Documents

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