Russia Energy Efficiency Financing (REEF) Project
Project Summary
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 |
| Project Type | Full-size Project |
| Status | Concept Approved |
| Country | Russian Federation |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | The World Bank |
| Executing Agencies | Ministry of Energy, Russian Energy Agency, Gazprombank |
| GEF Period: | GEF - 5 |
| Approval Fiscal Year: | 2011 |
Project Documents
Financials
| Project Preparation Grant Amount | 0 USD |
| GEF Project Grant | 22,727,273 USD |
| Co-financing Total | 1,249,000,000 USD |
| GEF Agency Fees | 2,272,727 USD |
| Total Cost | 1,271,727,273.00 USD |
Project Timeline
Received by GEF
09 Dec 2010
Concept Approved
01 Mar 2011
Project Approved for Implementation
Project closed