The objectives of the GEF project are to: (i) facilitate the participation of local banks in financing the ESCO component of the proposed IBRD project, by reducing the credit risks for eligible ESCO clients and extending loans directly to these clients; and (ii) facilitate the implementation of energy efficiency measures having payback periods extending beyond the ESCO financing terms.
Project Details
GEF Project ID
786
Country
Poland
Implementing Agencies
The World Bank
Status
Completed
Region
Europe and Central Asia
Executing Agencies
The Municipal District Heating Company (MPEC) of Krakow
GEF Period
GEF - 2
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund
Project Documents
Financials
USDCo-financing Total
88,000,000
GEF Project Grant
11,000,000
GEF Agency Fees
0
Timeline
Concept Approved
01 May 2000
Project Approved for Implementation
20 Sep 2004
Project Closed
06 Jun 2013