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
Project Type
Full-size Project
Project Approved
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:


Project Preparation Grant Amount
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
10 May 2010
Project closed
01 Jan 2017