Energy Efficiency in the Industrial Sector

Project Summary

The overall objective of the project is to improve energy efficiency of small and medium Moroccan enterprises (SME) and significantly reduce fine GHG emissions by removing the regulatory, financing, and informational barriers that prevent activities and investments in energy efficiency and energy conservation. Specific project objectives are to: 1) Reduce GHG emissions through the optimization of energy use, and contribute to global environmental benefits; 2) Promote the development of energy efficiency techniques in the industrial sector by demonstrating the financial; benefits of energy savings and strengthening the incentive framework for EE;3) Reduce the country’s dependence on fossil sources of energy; and4) Reduce energy cost and thereby increase the competitiveness of Moroccan enterprises.

Project Details

GEF Project ID
4112
Project Type
Full-size Project
Status
Concept Approved
Country
Morocco
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
African Development Bank
Executing Agencies
AGENCY FOR THE DEVELOPMENT OF RENEWABLE ENERGY AND ENERGY EFFICIENCY (ADEREE)
GEF Period:
GEF - 4
Approval Fiscal Year:
2010

Financials

Project Preparation Grant Amount
80,000 USD
GEF Project Grant
2,730,000 USD
Co-financing Total
8,855,000 USD
GEF Agency Fees
273,000 USD
Total Cost 11,665,000.00 USD

Project Timeline

Received by GEF
15 Sep 2009
Preparation Grant Approved
25 Feb 2010
Concept Approved
31 Mar 2010
Project Approved for Implementation
Project closed
01 Dec 2014