The objective of the proposed project is to increase the share of renewable energy production in Armenia through the development of a self-sustaining, market-based financial mechanism.
Project Details
GEF Project ID
2537
Country
Armenia
Implementing Agencies
The World Bank
Approval FY
Status
Completed
Region
Europe and Central Asia
Executing Agencies
Ministry of Energy and Energy Resources
GEF Period
GEF - 3
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund
Project Documents
Financials
USDCo-financing Total
22,050,000
GEF Project Grant
3,000,000
GEF Agency Fees
292,500
Timeline
Received by GEF
Concept Approved
Project Approved for Implementation
Project Closed