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Detail of GEF Project #1291

GEF Project ID1291
Funding SourceGEF Trust Fund
Project NameRenewable Energy Resources Project
RegionEurope and Central Asia
Focal AreaClimate Change
Operational Program6
Pipeline Entry Date1999-11-12
PDF-B Approval Date2001-09-28
Approval Date2002-05-17
CEO Endorsement Date2005-05-23
GEF Agency Approval Date2005-06-23
Project Completion Date2010-05-31
Project StatusProject Completion
GEF AgencyWorld Bank
Executing AgencyMinistry of Finance, Croatian Development Bank and Hrvatska Elektropriveda
DescriptionThe project will assist the government with developing a policy framework and financing vehicles for renewable energy, including policy development, resource assessment, a national RE fund, regional energy centers, training for policy development, TA for entrepreneurs, TA for local planning and permitting, and small hydro, wind, and biomass demonstration projects. Initial financing design suggests three possible mechanisms for GEF support: contingent grants for pre-feasibility studies, equity investments for RE projects as part of a national RE fund, and performance grants. GEF $4 million; project cost $14.8, including IBRD, commercial banks, and utilities.
Implementation StatusProject preparations activities were completed on 5/31/2005 and project team will work on the Completion Report. The main project was approved by the Bank Board on June 23, 2005.
PDF B Amount
350,000 USD
GEF Project Grant
6,000,000 USD
GEF Grant
6,350,000 USD
Cofinancing Total
21,430,000 USD
Project Cost
27,780,000 USD
GEF Agency Fees
890,000 USD
GEF Project (CEO Endo.)
5,500,000 USD
Cofinancing Total (CEO Endo.)
3,000,000 USD
Project Cost (CEO Endo.)
8,850,000 USD
Project Documents

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