ESCO Moldova - Transforming the market for Urban Energy Efficiency in Moldova by Introducing Energy Service Companies (ESCO)

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.

Financial mechanism
GEF
Date of approval
Status
Completed
URL
https://www.thegef.org/projects-operations/projects/5157
Countries
Republic of Moldova
Managing organisations
Ministry of Environment (MoE)
Ministry of Economy (MoE)
Energy Efficiency Fund (EEF)
City of Chisinau
Implementing organisations
UNDP
Project ID
5157
GEF project type
Medium size
GEF project phase
GEF - 5
GEF Cofinancing
$7.615.000
GEF project grant
$1.300.000
Executing Agencies
Ministry of Environment (MoE)<br />
Ministry of Economy (MoE)<br />
Energy Efficiency Fund (EEF)<br />
City of Chisinau