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
Country
Russian Federation
Implementing Agencies
The World Bank
Status
Concept Approved
Region
Europe and Central Asia
Executing Agencies
Ministry of Energy, Russian Energy Agency, Gazprombank
GEF Period
GEF - 5
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund
Project Documents
Financials
USDCo-financing Total
1,249,000,000
GEF Project Grant
22,727,273
GEF Agency Fees
2,272,727
Timeline
Received by GEF
08 Dec 2010
Concept Approved
29 Mar 2011