The GEF project, which is part of a larger energy and water sector reform and development program, supports climate change Operational Program #6, which promotes the adoption of renewable energy by removing barriers and reducing implementation costs. One GEF-supported component will fund the incremental cost of adding 7.8 MW of grid connected wind capacity to the electricity grid by financing the incremental cost of the technology and the required technical assistance. A second GEF component will stimulate the creation and growth of private sector capacity to supply, install and maintain household PV systems by providing initial equipment subsidies that will decline over a 5 year period and funding the capacity building and initial start-up costs of a PV supply system.
Energy and Water Sector Reform and Development
Financial mechanism
GEF
Date of approval
Status
Completed
Countries
Managing organisations
Ministry of Economic Coordination
National Institute of Energy
National Institute of Water Resource Management
ELECTRA S.A
SEMAP
Ministry of Infrastructure and Transport
Implementing organisations
World Bank
Project ID
444
GEF project type
Full size
GEF project phase
GEF - 1
GEF Cofinancing
$43.300.000
GEF project grant
$4.700.000
Executing Agencies
Ministry of Economic Coordination, National Institute of Energy, National Institute of Water Resource Management, ELECTRA S.A., SEMAP, Ministry of Infrastructure and Transport