ARCTIC: Targeted Support for Energy Efficiency and Renewable Energy in the Russian Arctic

Project Summary

To reduce greenhouse gas emissions in the Russian Federation through support and financing for targeted investments in sustainable energy in the municipal infrastructure sector of the Russian Arctic.

Project Details

GEF Project ID
Project Type
Full-size Project
Concept Approved
Russian Federation
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
European Bank for Reconstruction and Development
Executing Agencies
Ministry of Economic Development of the Russian Federation
GEF Period:
GEF - 5
Approval Fiscal Year:


Project Preparation Grant Amount
210,460 USD
GEF Project Grant
6,100,917 USD
Co-financing Total
84,055,000 USD
GEF Agency Fees
549,083 USD
Total Cost 90,366,377.00 USD

Project Timeline

Received by GEF
20 Sep 2011
Preparation Grant Approved
14 Jun 2012
Concept Approved
01 Nov 2011
Project Approved for Implementation
Project closed