Krakow Energy Efficiency Project

Project Summary

The objectives of the GEF project are to: (i) facilitate the participation of local banks in financing the ESCO component of the proposed IBRD project, by reducing the credit risks for eligible ESCO clients and extending loans directly to these clients; and (ii) facilitate the implementation of energy efficiency measures having payback periods extending beyond the ESCO financing terms.

Project Details

GEF Project ID
786
Project Type
Full-size Project
Status
Completed
Country
Poland
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
The Municipal District Heating Company (MPEC) of Krakow
GEF Project Manager
Zhihong Zhang |

Financials

Project Preparation Grant Amount
184,250 USD
GEF Project Grant
11,000,000 USD
Co-financing Total
88,000,000 USD
GEF Agency Fees
867,000 USD
Total Cost 99,184,250.00 USD

Project Timeline

Received by GEF
Preparation Grant Approved
26 Apr 2000
Project Approved for Implementation
21 Sep 2004
Project closed
31 Aug 2011