RUS Market Transformation Programme on Energy Efficiency in GHG-Intensive Industries in Russia
Project Summary
The proposed project will reduce greenhouse gas emissions in the Russian Federation by transforming the market for Industrial Energy Efficiency in GHG-intensive industries. The project will lead to a transformation of the market for industrial energy efficiency through activities that will i) improve industrial energy efficiency in heavy industries, ii) have a direct positive effect on rational energy use with related environmental benefits, and iii) improve the commercial prospects of industrial borrowers. Financing of over 350 million USD will be facilitated through this project resulting in potential direct emission reductions of up to 3.8 million tonnes CO2eq over 10-year equipment lifetimes
Project Details
| GEF Project ID | 3593 |
| Project Type | Full-size Project |
| Status | Project Approved |
| Country | Russian Federation |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | European Bank for Reconstruction and Development |
| Executing Agencies | Russian Energy Agency |
| GEF Period: | GEF - 4 |
| Approval Fiscal Year: | 2009 |
Financials
| Project Preparation Grant Amount | 225,000 USD |
| GEF Project Grant | 15,385,000 USD |
| Co-financing Total | 307,595,631 USD |
| GEF Agency Fees | 1,538,500 USD |
| Total Cost | 323,205,631.00 USD |
Project Timeline
Received by GEF
22 Jan 2008
Preparation Grant Approved
23 Jun 2008
Concept Approved
01 Jun 2008
Project Approved for Implementation
21 Jul 2010
Project closed