Building Chiller Replacement Program

Project Summary

The project seeks to remove barriers preventing the widespread replacement of low energy efficiency building chillers with highly energy efficient non-CFC chillers in Thailand. This will address two global problems at the same time: Global warming and stratospheric ozone layer depletion. In view of these dual benefits joint GEF - Multilateral Fund financing is proposed to address perceived risks associated with chiller replacements under tropical conditions, to cover increased initial transaction costs and to resolve access to credit problems. It is expected that a contingent, interest free GEF/MF loan of $5 million will remove these barriers and leverage about $85 million in World Bank and commercial co-financing to transform Thailand’s Chiller market from low efficiency CFC chillers to climate and ozone friendly models. Thus the project will enable the replacement of at least 440 chillers, abating about 1,400 kt in carbon emissions and phasing-out 220 tons of CFC.

Project Details

GEF Project ID
540
Project Type
Full-size Project
Status
Completed
Country
Thailand
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Electricity Generating Authority of Thailand
GEF Period:
GEF - 2
Approval Fiscal Year:
1999

Financials

Project Preparation Grant Amount
0 USD
GEF Project Grant
2,500,000 USD
Co-financing Total
2,740,000 USD
GEF Agency Fees
0 USD
Total Cost 5,240,000.00 USD

Project Timeline

Received by GEF
Concept Approved
01 Nov 1998
Project Approved for Implementation
23 Apr 2001
Project closed
30 Sep 2005