IMPROVE: Increase Product Efficiency in Venezuela (RESUBMISSION)

Project Summary

To improve the energy efficiency in the residential sector by implementing mandatory energy efficiency standards and labels for appliances and stimulating demand and supply through technical support and policy coordination.

Project Details

GEF Project ID
3683
Project Type
Full-size Project
Status
Cancelled
Country
Venezuela
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
United Nations Development Programme
Executing Agencies
Industrial Conversion Fund (FONDOIN) of the Ministry of Industry and Commerce and the Ministry of Energy and Oil (MENPET)
GEF Period:
GEF - 4
Approval Fiscal Year:
2009

Financials

Project Preparation Grant Amount
38,000 USD
GEF Project Grant
4,087,000 USD
Co-financing Total
20,960,000 USD
GEF Agency Fees
412,500 USD
Total Cost 25,085,000.00 USD

Project Timeline

Project Cancelled
05 Jan 2011