The overall objective of the project is to improve energy efficiency of small and medium Moroccan enterprises (SME) and significantly reduce fine GHG emissions by removing the regulatory, financing, and informational barriers that prevent activities and investments in energy efficiency and energy conservation. Specific project objectives are to:
1) Reduce GHG emissions through the optimization of energy use, and contribute to global environmental benefits;
2) Promote the development of energy efficiency techniques in the industrial sector by demonstrating the financial; benefits of energy savings and strengthening the incentive framework for EE;
3) Reduce the country’s dependence on fossil sources of energy; and
4) Reduce energy cost and thereby increase the competitiveness of Moroccan enterprises.

Project Details

GEF Project ID
4112
Country
Morocco
Implementing Agencies
African Development Bank
Approval FY
1970
Status
Concept Approved
Region
Africa
Executing Agencies
AGENCY FOR THE DEVELOPMENT OF RENEWABLE ENERGY AND ENERGY EFFICIENCY (ADEREE)
GEF Period
GEF - 4
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
17,556,250
GEF Project Grant
2,730,000
GEF Agency Fees
273,000

Timeline

Received by GEF
15 Sep 2009
Concept Approved
31 Mar 2010