FP071
Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam
Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam
Overcoming energy efficiency investment market barriers in Viet Nam.
Viet Nam is one of the most energy intensive countries in East Asia, and the energy intensity of its GDP is steadily increasing. Improving energy efficiency is the lowest cost option to reduce its greenhouse gas emissions and improve its energy security.
The scaling up of energy efficiency investments in the country's industrial sector will provide substantial mitigation impacts. This will be done through a GCF guarantee instrument and technical assistance and capacity building activities, combined with a dedicated credit line. It will build on ongoing efforts by the Vietnamese Government to promote the efficient use of electricity and reduce consumption and emissions.
The project has an estimated lifespan of 15 years.
Project timeline
Pipeline
31 Jan 2017 - 395 days
Funding proposal received
31 Jan 2017
Cleared by iTAP
06 Feb 2018
Approved
01 Mar 2018 - 898 days
Approved by GCF Board
01 Mar 2018
Legal opinion on AE's Internal Approval
25 Sep 2019
FAA executed
20 Jul 2020
Under implementation
14 Aug 2020 - 1,351 days so far
FAA effective
14 Aug 2020
Disbursement - USD 5,000,000
15 Dec 2021
Disbursement - USD 5,650,000
15 Dec 2021
To be completed
14 Feb 2028 - 1,390 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing12% disbursed
| Instrument | Amount |
|---|---|
| Guarantee | USD 75,000,000 |
| Grant | USD 11,300,000 |
| Total GCF Financing |
|---|
| USD 86,300,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 1,700,000 |
| Co-Financing | Loan | USD 100,000,000 |
| Co-Financing | Loan | USD 226,000,000 |
| Co-Financing | Equity | USD 81,300,000 |
| Co-Financing | Grant | USD 1,900,000 |
| Total Co-Financing |
|---|
| USD 410,900,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Accredited Entity
International Bank for Reconstruction and Development and International Development Association
Senior Carbon Finance Specialist
The World Bank 1818 H Street, NW MSN MC3-309 Washington DC 20433 USA, Washington, United States
More contacts
National Designated Authority
Ministry of Planning and Investment
Director General, Department of Science, Education, Natural Resources and Environment
6B Hoang Dieu Street, Ba Dinh District, Ha Noi, Viet Nam
Deputy Director General
Official - Dept. of Science, Education, Natural Resources and Environment
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