China Renewable Energy Scaling-Up Program (CRESP) Phase II
Project Summary
The original objective of the CRESP program (three phases) is to enable commercial renewable electricity suppliers to provide energy to the electricity market efficiently, cost-effectively and on a large scale. Building on achievements and lessons learned from CRESP Phase I, the objective of CRESP Phase II is to is to support the ambitious RE scale-up program in China with a focus on efficiency improvement and reduction of incremental costs.
Project Details
| GEF Project ID | 4493 |
| Project Type | Full-size Project |
| Status | Project Approved |
| Country | China |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | The World Bank |
| Executing Agencies | National Energy Administration, P. R. China |
| GEF Period: | GEF - 5 |
| Approval Fiscal Year: | 2011 |
Financials
| Project Preparation Grant Amount | 0 USD |
| GEF Project Grant | 27,280,000 USD |
| Co-financing Total | 444,100,000 USD |
| GEF Agency Fees | 2,720,000 USD |
| Total Cost | 471,380,000.00 USD |
Project Timeline
Received by GEF
21 Mar 2011
Concept Approved
01 May 2011
Project Approved for Implementation
19 Sep 2013
Project closed