SAP004

Energy Efficient Consumption Loan Programme

Energy Efficient Consumption Loan Programme

  • Status Under implementation
  • Date approved 20 Oct 2018 at B.21
  • Est. completion 28 May 2029
  • ESS Category Intermediation 3

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.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

05 Mar 2018 - 230 days

Concept note received

05 Mar 2018

Funding proposal received

30 Mar 2018

Cleared by GCF Secretariat

04 May 2018

Cleared by iTAP

08 Jun 2018

Legal opinion on AE's Internal Approval

22 Jun 2018

Approved

20 Oct 2018 - 221 days

Approved by GCF Board

20 Oct 2018

FAA executed

18 Apr 2019

Under implementation

28 May 2019 - 967 days so far

FAA effective

28 May 2019

Disbursement - USD 1,000,000

14 Jun 2019

Disbursement - USD 1,000,000

14 Jun 2019

Completed

28 May 2029 - 2,688 days to go

One region

  • Asia-Pacific

One country

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

GCF financing20% disbursed

InstrumentAmount
LoanUSD 9,000,000
GrantUSD 1,000,000
Total GCF Financing
USD 10,000,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingGrantUSD 2,500,000
Co-FinancingLoanUSD 9,000,000
Total Co-Financing
USD 11,500,000

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

XacBank LLC (Mongolia)
Ms. Tuul Galzagd
Director, Eco Banking Department
XacBank Headquarters Building, Post Branch 20A, P.O. Box 72, Ulaanbaatar, Mongolia
Phone +976 7577 1888
tuul.g@xacbank.mn
Mr. Enkh-Erdene Erdenekhuyag
Project Development Officer
XacBank Headquarters Building, Post Branch 20A, P.O. Box 72, Ulaanbaatar, Mongolia
Phone +976 7577-1888
enkherdene.e@xacbank.mn
More contacts

National Designated Authority

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

Documents