Energy Efficiency Project
Project Summary
The proposed project will make Croatia’s economy less energy intensive by establishing an economically and environmentally sustainable market for energy efficiency projects and services. It will do so by creating a core developer of energy efficiency projects within HEP, the national power utility. The new energy service company, ESCO, will promote, develop and finance energy efficiency projects.
Project Details
| GEF Project ID | 944 |
| Project Type | Full-size Project |
| Status | Completed |
| Country | Croatia |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | The World Bank |
| Executing Agencies | Hrvatska Elektroprivreda (HEP, the Croatian electricity utility) for the IBRD loan, GEF contingent grant, and GEF technical assistance; an independent financial intermediary for the GEF guarantee |
| GEF Period: | GEF - 2 |
| Approval Fiscal Year: | 2001 |
Financials
| Project Preparation Grant Amount | 84,410 USD |
| GEF Project Grant | 7,000,000 USD |
| Co-financing Total | 32,800,000 USD |
| GEF Agency Fees | 701,000 USD |
| Total Cost | 39,884,410.00 USD |
Project Timeline
Received by GEF
22 Aug 2003
Preparation Grant Approved
11 Apr 2001
Concept Approved
01 May 2001
Project Approved for Implementation
24 Aug 2003
Project closed
17 Nov 2010