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Detail of GEF Project #944

GEF Project ID944
Funding SourceGEF Trust Fund
Project NameEnergy Efficiency Project
RegionEurope and Central Asia
Focal AreaClimate Change
Operational Program5
Pipeline Entry Date1999-10-01
PDF-B Approval Date2001-04-11
Approval Date2001-05-11
CEO Endorsement Date2003-08-25
GEF Agency Approval Date2003-10-07
Project Completion Date2010-06-30
Project StatusProject Completion
GEF AgencyWorld Bank
Executing AgencyHrvatska Elektroprivreda (HEP, the Croatian electricity utility) for the IBRD loan, GEF contingent grant, and GEF technical assistance; an independent financial intermediary for the GEF guarantee
DescriptionThe proposed project will make Croatia’s economy less energy intensive by establishing an economically and environmentally sustainable market for energy efficiency projects and services. It will do so by creating a core developer of energy efficiency projects within HEP, the national power utility. The new energy service company, ESCO, will promote, develop and finance energy efficiency projects.
Implementation StatusProject is under implementation. It has made a good start and is progressing well.
PDF B Amount
84,410 USD
GEF Project Grant
7,000,000 USD
GEF Grant
7,084,410 USD
Cofinancing Total
23,400,000 USD
Project Cost
30,484,410 USD
GEF Agency Fees
701,000 USD
GEF Project (CEO Endo.)
7,000,000 USD
Cofinancing Total (CEO Endo.)
32,800,000 USD
Project Cost (CEO Endo.)
39,884,410 USD
Project Documents

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