CleanTech Fund

Project Summary

The objective of the IDB CleanTech Fund, which the proposed GEF component will complement, is to make equity or quasi-equity investments in small- to medium-size enterprises (SMEs) that implement renewable energy power production projects that reduce the use of fossil fuel use in the Latin American and Caribbean region.

Project Details

GEF Project ID
3005
Project Type
Medium-size Project
Status
Project Approved
Country
Regional
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
Inter-American Development Bank
Executing Agencies
Econergy International Corporation (FMC)
GEF Period:
GEF - 3
Approval Fiscal Year:
2006

Financials

Project Preparation Grant Amount
0 USD
GEF Project Grant
995,000 USD
Co-financing Total
0 USD
GEF Agency Fees
89,550 USD
Total Cost 995,000.00 USD

Project Timeline

Received by GEF
14 Oct 2005
Concept Approved
07 Feb 2006
Project Approved for Implementation
06 Feb 2006
Project closed