Chiller Energy Efficiency Project
Project Summary
The project will provide asssistance to stimulate accelerated conversion of CFC-based, and other energy inefficient chillers to new and more energy efficient technology through the provision of financial incentives and a robust policy framework thereby addressing well-documented techno-economic barriers and overcoming market barriers to improved energy efficiency. National capacity for carbon finance intermediation will be built through the project to enable a permanent transformation of the chiller market. The breadth of transformation and the sustainability of project outcomes will be augmented with carbon finance revenues.
Project Details
| GEF Project ID | 3771 |
| Project Type | Full-size Project |
| Status | Completed |
| Country | Philippines |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | The World Bank |
| Executing Agencies | Development Bank of the Philippines,/Land Bank of the Philippines, Chiller Owners |
| GEF Period: | GEF - 4 |
| Approval Fiscal Year: | 2009 |
Project Documents
Financials
| Project Preparation Grant Amount | 0 USD |
| GEF Project Grant | 2,600,000 USD |
| Co-financing Total | 45,300,398 USD |
| GEF Agency Fees | 260,000 USD |
| Total Cost | 47,900,398.00 USD |
Project Timeline
Received by GEF
08 Sep 2008
Concept Approved
01 Nov 2008
Project Approved for Implementation
09 May 2010
Project closed
01 Jan 2017
