The project aims to scale up the use of energy-efficient technologies in municipal facilities and services in Ukraine, thereby contributing to a reduction of energy consumption (energy savings) that will reduce GHG emissions and improve air quality in cities. The World Bank and GEF funds will be channeled and managed through Ukrexim Bank to municipalities, to finance eligible capital investments and technical assistance activities which will enable a better-managed energy consumption, energy savings, and a reduction of the municipal energy bill. This viable approach for expanding municipal EE financing in Ukraine will also demonstrate and contribute to the sustainability of municipal services while improving the financial performance of municipalities.
Project Details
GEF Project ID
10896
Country
Ukraine
Implementing Agencies
The World Bank
Status
Cancelled
Region
Europe and Central Asia
Executing Agencies
TBD
GEF Period
GEF - 7
Project Type
Medium-size Project
Focal Areas
Funding Source
GEF Trust Fund
Project Documents
Financials
USDCo-financing Total
300,000,000
GEF Project Grant
1,642,441
GEF Agency Fees
156,032
Timeline
Received by GEF
Concept Approved
Project Cancelled