Russia Energy Efficiency Financing (REEF) Project

Project Summary

The Project Development Objective is to improve the efficiency of energy use in Russia by scaling-up commercial lending by banks for EE investments in the industrial and public sectors. The global environmental objective is to reduce greenhouse gas emissions (GHGs) by scaling-up EE investments.

Project Details

GEF Project ID
4427
Project Type
Full-size Project
Status
Concept Approved
Country
Russian Federation
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Ministry of Energy, Russian Energy Agency, Gazprombank
GEF Period:
GEF - 5
Approval Fiscal Year:
2011

Financials

Project Preparation Grant Amount
0 USD
GEF Project Grant
22,727,273 USD
Co-financing Total
1,249,000,000 USD
GEF Agency Fees
2,272,727 USD
Total Cost 1,271,727,273.00 USD

Project Timeline

Received by GEF
09 Dec 2010
Concept Approved
01 Mar 2011
Project Approved for Implementation
Project closed