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Detail of GEF Project #1685

GEF Project ID1685
IBRD PO ID507107
Funding SourceGEF Trust Fund
Project NameFC-1: Fuel Cells Financing Initiative for Distributed Generation Applications (Phase 1)
Focal AreaClimate Change
Operational Program7
PDF-A Approval Date2003-01-01
Pipeline Entry Date2003-06-23
Approval Date2003-11-21
Project StatusUnder Implementation
Executing AgencyInternational Finance Corporation
DescriptionPromote commercial use of fuel cells in distributed generation applications. Stage 1 starts with three pilot installations, each as a separate stand-alone deal (and separate Council work program submission), to test the financing and business models for distributed generation investments with fuel cells. State 2, which only starts once the industry achieves specified cost reduction milestones, provides an umbrella financing program for scaling up the financing and business models piloted in Stage 1. Project $18 mil. Stage 1 and $90-135 mil. Stage 2. GEF $9 mil. Stage 1 and $45 mil. Stage 2.
Implementation Status9 proposals received from 7 countries in the first RFP. We are currently pursuing the final short listed proposal for selection. A second RFP is due to close on Sept. 30, 2004. From the first and the second RFP we will choose up to 3 distinct projects. Each project will be presented separately to GEF CEO for approval, though Council approval is for the complete first stage of the initiative.
PDF A Amount
25,000 USD
GEF Project Grant
6,550,000 USD
GEF Grant
6,575,000 USD
Cofinancing Total
Project Cost
6,575,000 USD
GEF Agency Fees
922,000 USD
GEF Project (CEO Endo.)
9,825,000 USD
Cofinancing Total (CEO Endo.)
Project Documents

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