Energy Efficiency in the Industrial Sector
Project Summary
The overall objective of the project is to improve energy efficiency of small and medium Moroccan enterprises (SME) and significantly reduce fine GHG emissions by removing the regulatory, financing, and informational barriers that prevent activities and investments in energy efficiency and energy conservation. Specific project objectives are to: 1) Reduce GHG emissions through the optimization of energy use, and contribute to global environmental benefits; 2) Promote the development of energy efficiency techniques in the industrial sector by demonstrating the financial; benefits of energy savings and strengthening the incentive framework for EE;3) Reduce the country’s dependence on fossil sources of energy; and4) Reduce energy cost and thereby increase the competitiveness of Moroccan enterprises.
Project Details
GEF Project ID | 4112 |
Project Type | Full-size Project |
Status | Concept Approved |
Country | Morocco |
Region | |
Focal Areas | |
Funding Source | GEF Trust Fund |
Implementing Agencies | African Development Bank |
Executing Agencies | AGENCY FOR THE DEVELOPMENT OF RENEWABLE ENERGY AND ENERGY EFFICIENCY (ADEREE) |
GEF Period: | GEF - 4 |
Approval Fiscal Year: | 2010 |
Financials
Project Preparation Grant Amount | 80,000 USD |
GEF Project Grant | 2,730,000 USD |
Co-financing Total | 17,556,250 USD |
GEF Agency Fees | 273,000 USD |
Total Cost | 20,366,250.00 USD |