Renewable Energy for Rural Economic Development
Project Summary
This project represents a second, follow-on project to the first Energy Services Delivery project. That first project, to close in December 2002, targeted solar home systems, grid-based small hydro, small hydro village mini-grids, and energy efficiency, and has been one of the most successful projects in the GEF portfolio to date. This second project continues to expand markets for solar home systems and grid-based power generation, adds biomass and wind technologies for village mini-grids, emphasizes new approaches to income generation and social services ("cross-sectoral applications"), explicitly targets poverty reduction, and supports policy frameworks for energy efficiency and DSM. Total project $133 m. IDA $75 m., GEF $8 m., other cofinancing $50 m (private investors, banks, community borrowers) [updated June 6, 2002].
Project Details
GEF Project ID | 1545 |
Project Type | Full-size Project |
Status | Completed |
Country | Sri Lanka |
Region | |
Focal Areas | |
Funding Source | GEF Trust Fund |
Implementing Agencies | The World Bank |
Executing Agencies | Ministry of Finance |
GEF Period: | GEF - 2 |
Approval Fiscal Year: | 2002 |
Financials
Project Preparation Grant Amount | 0 USD |
GEF Project Grant | 8,000,000 USD |
Co-financing Total | 0 USD |
GEF Agency Fees | 0 USD |
Total Cost | 8,000,000.00 USD |