Krakow Energy Efficiency Project

The objectives of the GEF project are to: (i) facilitate the participation of local banks in financing the ESCO component of the proposed IBRD project, by reducing the credit risks for eligible ESCO clients and extending loans directly to these clients; and (ii) facilitate the implementation of energy efficiency measures having payback periods extending beyond the ESCO financing terms.

Financial mechanism
GEF
Date of approval
Status
Completed
URL
https://www.thegef.org/projects-operations/projects/786
Countries
Poland
Managing organisations
The Municipal District Heating Company (MPEC) of Krakow
Implementing organisations
World Bank
Project ID
786
GEF project type
Full size
GEF project phase
GEF - 2
GEF Cofinancing
$88.000.000
GEF project grant
$11.000.000
Executing Agencies
The Municipal District Heating Company (MPEC) of Krakow