Energy and Water Sector Reform and Development
Project Summary
The GEF project, which is part of a larger energy and water sector reform and development program, supports climate change Operational Program #6, which promotes the adoption of renewable energy by removing barriers and reducing implementation costs. One GEF-supported component will fund the incremental cost of adding 7.8 MW of grid connected wind capacity to the electricity grid by financing the incremental cost of the technology and the required technical assistance. A second GEF component will stimulate the creation and growth of private sector capacity to supply, install and maintain household PV systems by providing initial equipment subsidies that will decline over a 5 year period and funding the capacity building and initial start-up costs of a PV supply system.
Project Details
| GEF Project ID | 444 |
| Project Type | Full-size Project |
| Status | Completed |
| Country | Cabo Verde |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | The World Bank |
| Executing Agencies | Ministry of Economic Coordination, National Institute of Energy, National Institute of Water Resource Management, ELECTRA S.A., SEMAP, Ministry of Infrastructure and Transport |
| GEF Period: | GEF - 1 |
| Approval Fiscal Year: | 1998 |
Financials
| Project Preparation Grant Amount | 230,000 USD |
| GEF Project Grant | 4,700,000 USD |
| Co-financing Total | 43,300,000 USD |
| GEF Agency Fees | 0 USD |
| Total Cost | 48,230,000.00 USD |
