Renewable Energy Resources Project

Project Summary

The project will assist the government with developing a policy framework and financing vehicles for renewable energy, including policy development, resource assessment, a national RE fund, regional energy centers, training for policy development, TA for entrepreneurs, TA for local planning and permitting, and small hydro, wind, and biomass demonstration projects. Initial financing design suggests three possible mechanisms for GEF support: contingent grants for pre-feasibility studies, equity investments for RE projects as part of a national RE fund, and performance grants. GEF $4 million; project cost $14.8, including IBRD, commercial banks, and utilities.

Project Details

GEF Project ID
1291
Project Type
Full-size Project
Status
Completed
Country
Croatia
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Ministry of Finance, Croatian Development Bank and Hrvatska Elektropriveda
GEF Period:
GEF - 2
Approval Fiscal Year:
2002

Financials

Project Preparation Grant Amount
350,000 USD
GEF Project Grant
5,500,000 USD
Co-financing Total
3,000,000 USD
GEF Agency Fees
890,000 USD
Total Cost 8,850,000.00 USD

Project Timeline

Received by GEF
Preparation Grant Approved
28 Sep 2001
Concept Approved
01 May 2002
Project Approved for Implementation
23 May 2005
Project closed
31 Mar 2010