FP025

GCF-EBRD SEFF Co-financing Programme

GCF-EBRD SEFF Co-financing Programme

  • Status Under implementation
  • Date approved 14 Oct 2016 at B.14
  • Est. completion 02 Feb 2033
  • ESS Category Intermediation 2

EBRD and GCF co-financed programme to deliver climate finance to the private sector at scale through Partner Financial Institutions across 10 countries.

Scaling up private sector climate finance is an urgent priority to rapidly put the world on a mitigation path leading to a 1.5°C outcome and enable vulnerable countries to move to a climate resilient pathway.

This programme will deliver climate finance at scale via Partner Financial Institutions (PFIs) in developing countries, which will fund over 20,000 scalable and replicable projects across industrial, commercial, residential, transport and agricultural sectors.

Sustainable Energy Financing Facilities is an on-lending programme that will provide credit lines to PFIs with the aim to create self-sustaining markets in the areas of energy efficiency, renewable energy and climate resilience.

The PFIs in the Programme will on-lend the funds to the borrowers such as MSMEs, special purpose companies and households for energy efficiency, renewable energy and climate resilience projects. Financing activities will be complemented by the provision of technical assistance (TA), both to the local PFIs and to the borrowers. This component will include capacity building of local PFIs and micro-, small- and medium-sized enterprises, project assessment and monitoring, and gender mainstreaming activities.

The project has an estimated lifespan of 15 years.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
2,640
Indirect
70,200
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

18 Jan 2016 - 271 days

Funding proposal received

18 Jan 2016

Cleared by iTAP

08 Oct 2016

Approved

14 Oct 2016 - 477 days

Approved by GCF Board

14 Oct 2016

FAA executed

06 Nov 2017

Under implementation

02 Feb 2018 - 1,406 days so far

FAA effective

02 Feb 2018

Disbursement - USD 28,171,000

07 Aug 2018

Disbursement - USD 10,661,234

07 Aug 2018

Disbursement - USD 50,000,000

07 Aug 2018

Annual Performance Report

01 Mar 2019

Disbursement - USD 50,000,000

25 Nov 2019

Disbursement - USD 9,338,766

12 Dec 2019

Disbursement - USD 50,000,000

05 Oct 2021

Completed

02 Feb 2033 - 4,074 days to go

Three regions

  • Eastern Europe
  • Africa
  • Asia-Pacific

Ten countries

One priority group

  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing52% disbursed

InstrumentAmount
LoanUSD 344,000,000
GrantUSD 34,000,000
Total GCF Financing
USD 378,000,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingLoanUSD 973,000,000
Co-FinancingGrantUSD 34,000,000
Total Co-Financing
USD 1,007,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request 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 6155 (KST)
Send e-mail

Accredited Entity

European Bank for Reconstruction and Development
Mr. Alexis Franke
Principal Manager | Deputy Pillar Head Donor Co-Financing
Mr. Jan-Willem Van de Ven
Associate Director, Energy Efficiency and Climate Change
One Exchange Square, London, United Kingdom
Phone +44 20 7338 7821
vandevej@ebrd.com
More contacts

National Designated Authority

Georgia
Ministry of Environmental Protection and Agriculture
Ms. Nino Tandilashvili
Deputy Minister
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Phone +995 322 237 80 30
nino.tandilashvili@mepa.gov.ge
Armenia
Ministry of Environment
Mr. Romanos Petrosyan
Minister
3 Government Bld, Republic Square, Yerevan, Armenia
Phone +37411818501
minenv@env.am
Ms. Ruzanna Grigoryan
Head of International Cooperation Department
Phone +37411818513
ruzanna.grigoryan@env.am
Republic of Moldova
Ministry of Environment
Ms. Iordanca-Rodica IORDANOV
State Secretary
162 Stefan cel Mare si Sfant Blvd, MD-2004,, Chisinau, Moldova
Phone (+373 22) 204 502
iordanca-rodica.iordanov@mediu.gov.md
Egypt
Ministry of Environment
Eng. Sherif Abdel El-Rehim
Head of the Central Department for Climate Change, Egyptian Environmental Affairs Agency
Jordan
Ministry of Environment
Mr. Belal Moh'd Suliman Shqarin
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
Morocco
Ministry of Energy, Mining and Sustainable Development, Secretariat of State for Sustainable Development
Mr. Bouzekri Razi
Director of Climate Change, Biodiversity, and Green Economy
Mongolia
Ministry of Environment and Tourism
Mr. Batjargal Zamba
National Focal Point for the GCF
Suite 203, Margad Center 8th Khoroo, Student Street, Ulaanbaatar, Mongolia
Ms. Amartuya Batbold
Carbon and Climate Finance Specialist
15160 Government building 2, United Nation's street 5/2, Chingeltei district, Ulaanbaatar, Mongolia
Tajikistan
Committee of Environmental Protection Under the Government of the Republic of Tajikistan
Mr. Sheralizoda Bahodur
Chairman of the Committee of Environmental Protection
5/1 Shamsi str.,, Dushanbe city, Tajikistan
Mr. Murodov Turakul
Head of Project Implementation Group and NDA Secretariat
Tunisia
Ministry of Environment and Sustainable Development
Mr. Chokri Mezghani
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Phone +216 22 74 93 62
Phone +216 70 24 38 00
chokri.mezghani@mineat.gov.tn
chokri.mezghani@yahoo.fr
Serbia
Ministry of Agriculture, Forestry and Water Management
Mr. Branislav Nedimović
Minister
Nemanjina 22-26, Belgrade, Serbia

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