Power and Communications Sectors Modernization and Rural Services Project (PROMEC)
Project Summary
The Project will support the Government’s efforts to deepen pro-competition reforms in the telecommunications and electricity sectors, implement policies that will extend these services to the poor in rural areas as well as communication services for small and micro businesses, and adopt programs that foster efficient use of energy and use of RET for rural electrification. The overall project will have the following six major components: (a) Strengthening legal, regulatory and institutional framework; (b) Promotion of competition and private investment; (c) Service extension in rural and peri-urban areas, including off grid electrification with GEF financing; (d) Enhancement of energy efficiency with GEF financing; (e) Development of communications and information activities; and (f) Project coordination and management.
Project Details
| GEF Project ID | 938 |
| Project Type | Full-size Project |
| Status | Completed |
| Country | Ecuador |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | The World Bank |
| Executing Agencies | State Modernization Council (CONAM) |
| GEF Period: | GEF - 2 |
| Approval Fiscal Year: | 2001 |
Financials
| Project Preparation Grant Amount | 350,000 USD |
| GEF Project Grant | 2,490,000 USD |
| Co-financing Total | 40,410,000 USD |
| GEF Agency Fees | 463,000 USD |
| Total Cost | 43,250,000.00 USD |
