ESCO Moldova - Transforming the market for Urban Energy Efficiency in Moldova by Introducing Energy Service Companies (ESCO)
Project Summary
The project objective is to create a functioning, sustainable and effective ESCO market in Moldova, scaling up mitigation efforts in the municipal building sector of Chisinau and Moldova in line with the Green Urban Development Plan leading to at least 68,000 tonnes of direct CO2 emission reductions from EPC projects supported by the project and 240,000 tonnes of indirect CO2 emission reductions during the period of project influence.
Project Details
| GEF Project ID | 5157 |
| Project Type | Medium-size Project |
| Status | Completed |
| Country | Moldova |
| Region | |
| Focal Areas | |
| Funding Source | GEF Trust Fund |
| Implementing Agencies | United Nations Development Programme |
| Executing Agencies | Ministry of Environment (MoE)Ministry of Economy (MoE)Energy Efficiency Fund (EEF)City of Chisinau |
| GEF Period: | GEF - 5 |
| Approval Fiscal Year: | 2013 |
Financials
| Project Preparation Grant Amount | 60,000 USD |
| GEF Project Grant | 1,300,000 USD |
| Co-financing Total | 7,615,000 USD |
| GEF Agency Fees | 123,500 USD |
| Total Cost | 8,975,000.00 USD |
Project Timeline
Received by GEF
20 Sep 2012
Preparation Grant Approved
14 Mar 2013
Concept Approved
14 Mar 2013
Project Approved for Implementation
14 Aug 2014
Project closed
18 Jun 2019