The proposed project will make Croatia’s economy less energy intensive by establishing an economically and environmentally sustainable market for energy efficiency projects and services. It will do so by creating a core developer of energy efficiency projects within HEP, the national power utility. The new energy service company, ESCO, will promote, develop and finance energy efficiency projects.

Project Details

GEF Project ID
944
Country
Croatia
Implementing Agencies
The World Bank
Approval FY
2003
Status
Completed
Region
Europe and Central Asia
Executing Agencies
Hrvatska Elektroprivreda (HEP, the Croatian electricity utility) for the IBRD loan, GEF contingent grant, and GEF technical assistance; an independent financial intermediary for the GEF guarantee
GEF Period
GEF - 2
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
32,800,000
GEF Project Grant
7,000,000
GEF Agency Fees
701,000

Timeline

Received by GEF
22 Aug 2003
Concept Approved
01 May 2001
Project Approved for Implementation
24 Aug 2003
Project Closed
17 Nov 2010