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Detail of GEF Project #2174

GEF Project ID2174
IBRD PO ID506396
Funding SourceGEF Trust Fund
Project NameCommercializing Energy Efficiency Finance (CEEF) - Tranche II
RegionEurope and Central Asia
Focal AreaClimate Change
Operational Program5
Pipeline Entry Date2002-03-05
Approval Date2002-05-17
CEO Endorsement Date2003-08-11
GEF Agency Approval Date2003-10-24
Project StatusUnder Implementation
Executing AgencyIFC
Executing AgencyIFC
Implementation StatusCEEF became fully operational in March 2003 with the field implementation offices fully staffed and equipped. An internal launch workshop was held in Budapest where the new CEEF team had an opportunity to learn first hand about the implementation of HEECP. To date Guarantee Agreements have been signed in Latvia (2 banks and 2 leasing companies), Slovakia (1 bank) and Czech Republic (1 bank and 1 leasing company). Lithuania (2 banks) and a cooperative agreement in place in Estonia with 1 bank. Transactions completed in all markets with pipeline in place. GEF allocation increased by $3.1million per GEF Amendment letter dated February 7, 2005 (funds were transferred from HEECP).
GEF Project Grant
6,750,000 USD
GEF Grant
6,750,000 USD
Cofinancing Total
57,000,000 USD
Project Cost
63,750,000 USD
GEF Project (CEO Endo.)
6,750,000 USD
Project Cost (CEO Endo.)
6,750,000 USD
Project Documents

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