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Detail of GEF Project #76

GEF Project ID76
Funding SourceGEF Trust Fund
Project NameAlternate Energy
RegionAsia and the Pacific
Focal AreaClimate Change
Operational Program6
Approval Date1991-12-01
GEF Agency Approval Date1992-11-30
Project Completion Date2000-12-31
Project StatusProject Closure
GEF AgencyWorld Bank
Executing AgencyIndian Renewable Energy Development Agency (Department of Non-Conventional Energy Sources)
DescriptionProject promotes and commercializes investment in wind farms and solar photovoltaic power systems through the provision of below-market loans to investors in these systems, primarily from the private sector. Popularizes renewable technologies through public education programs that explain their functions and capacity. Implementation is overseen by the Indian Renewable Energy Development Agency, which is benefitting from capacity-building assistance.
Implementation StatusThe project has achieved good overall progress through: (A) Commercialization of renewable resources technologies by expansion of local manufacturing facilities, creation of consultant service industry, and emergence of new energy service companies for small hydro, windfarm and solar PV. Financing mechanisms for sale and delivery of alternate energy systems demonstrated through grid-interfaced power sales transactions for small hydro and windfarms. The institutional framework for entry of private sector investment in small-scale power generation has been successfully put in place in some states and is being replicated elsewhere. (B) Renewable energy schemes represent environmentally friendly means of producing energy. ICR completed.
GEF Project Grant
26,000,000 USD
GEF Grant
26,000,000 USD
Cofinancing Total
424,000,000 USD
Project Cost
450,000,000 USD
Project Documents

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