Removing Barriers to Energy Efficiency Improvements in the State Sector in Belarus

Project Summary

The project will overcome institutional and policy and financial and information barriers, necessary to increase investments flows initially from state innovation funds and commercial banks if interest rates continue dropping; and energy management in state-owned companies. The project seeks to: i.Support managers of State-owned facilities and decision-makers at a national and regional level in financial and technical assessment of selected energy efficiency technologies and projects and provide support for energy audits, feasibility studies and in the development of bankable proposals; ii.Raise awareness, and implement an outreach strategy and recognition programmes to heighten bankers’ and State employees’ awareness of the benefits of energy efficiency, and reward exemplary energy leadership;iii.Implementation schemes such as employee bonuses for energy efficiency; allowing state institutions to retain and re-invest savings from energy efficiency in new energy efficiency schemes and improve partnerships between government, suppliers and financial institutions; and iv.Develop energy efficiency policy that supports investment by state facilities and companies in energy efficiency investment.

Project Details

GEF Project ID
2107
Project Type
Full-size Project
Status
Completed
Country
Belarus
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
United Nations Development Programme
Executing Agencies
Committee on Energy Efficiency und the Council of Ministers of Belarus
GEF Project Manager
Zhihong Zhang |

Financials

Project Preparation Grant Amount
195,000 USD
GEF Project Grant
1,400,000 USD
Co-financing Total
8,369,600 USD
GEF Agency Fees
143,550 USD
Total Cost 9,964,600.00 USD

Project Timeline

Received by GEF
06 Nov 2003
Preparation Grant Approved
23 Mar 2004
Concept Approved
01 Nov 2005
Project Approved for Implementation
27 Mar 2006
Project closed
01 Dec 2011