Renewable Energy Project

Project Summary

The objective of the proposed project is to increase the share of renewable energy production in Armenia through the development of a self-sustaining, market-based financial mechanism.

Project Details

GEF Project ID
2537
Project Type
Full-size Project
Status
Completed
Country
Armenia
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Ministry of Energy and Energy Resources
GEF Project Manager
Dimitrios Zevgolis |

Financials

Project Preparation Grant Amount
250,000 USD
GEF Project Grant
3,000,000 USD
Co-financing Total
15,500,000 USD
GEF Agency Fees
292,500 USD
Total Cost 18,750,000.00 USD

Project Timeline

Received by GEF
10 May 2004
Preparation Grant Approved
24 May 2004
Concept Approved
01 Jul 2005
Project Approved for Implementation
27 Feb 2006
Project closed
30 Jun 2011