Renewable Energy Project
Project Summary
The objective of the proposed project is to increase the share of renewable energy production in Armenia through the development of a self-sustaining, market-based financial mechanism.
Project Details
| GEF Project ID | 2537 |
| Project Type | Full-size Project |
| Status | Completed |
| Country | Armenia |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | The World Bank |
| Executing Agencies | Ministry of Energy and Energy Resources |
| GEF Period: | GEF - 3 |
| Approval Fiscal Year: | 2006 |
Financials
| Project Preparation Grant Amount | 250,000 USD |
| GEF Project Grant | 3,000,000 USD |
| Co-financing Total | 22,050,000 USD |
| GEF Agency Fees | 292,500 USD |
| Total Cost | 25,300,000.00 USD |
Project Timeline
Received by GEF
10 May 2004
Preparation Grant Approved
24 May 2004
Concept Approved
01 Jul 2005
Project Approved for Implementation
26 Feb 2006
Project closed
21 Nov 2011