Energy Efficient Consumption Loan Programme

  • Mitigation
  • Under implementation
Date approved
20 Oct 2018
Est. completion
28 May 2029
ESS Category
Intermediation 3
Financing
Private sector
Entity
XacBank JSC (Mongolia)

Overview

This programme will provide loans to energy efficiency heating appliances and housing products, with heating appliances certified to achieve at least a 20 percent reduction in energy usage.

Result areas

Countries

Regions

Project timeline

  • Pipeline

    230 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

    • Legal opinion on AE's Internal Approval

  • Approved

    221 days

    • Approved by GCF Board

    • FAA executed

  • Under implementation

    2,576 days so far

    • FAA effective

  • To be completed

    1,078 days to go

    Not started

  • Total project value $ 21.5 million

  • Tonnes of CO2 equivalent avoided 470 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 21.5 million

Show details

GCF-financing

100% disbursed

  • Loan USD 9,000,000
  • Grant USD 1,000,000
  • Total GCF-financing USD 10,000,000

Co-financing

  • Loan USD 9,000,000
  • Grant USD 2,500,000
  • Total co-financing USD 11,500,000

Documents

Project contacts

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