Alternate Energy

Project Summary

Project 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.

Project Details

GEF Project ID
76
Project Type
Full-size Project
Status
Completed
Country
India
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Indian Renewable Energy Development Agency (Department of Non-Conventional Energy Sources)
GEF Period:
Pilot Phase
Approval Fiscal Year:
1992

Financials

Project Preparation Grant Amount
0 USD
GEF Project Grant
26,000,000 USD
Co-financing Total
424,000,000 USD
GEF Agency Fees
0 USD
Total Cost 450,000,000.00 USD

Project Timeline

Received by GEF
Concept Approved
01 Dec 1991
Project Approved for Implementation
Project closed
31 Dec 1999