SAP004

Energy Efficient Consumption Loan Programme

Energy Efficient Consumption Loan Programme

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 - 274 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 - 3,380 days to go

One region

  • Asia-Pacific

One country

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

GCF financing9% disbursed

InstrumentAmount
LoanUSD 9,000,000
GrantUSD 1,000,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingGrantUSD 2,500,000
Co-FinancingLoanUSD 9,000,000

GCF Project Team

General media inquiries

GCF Communications
Phone +82 32 458 7751
Send message

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
Send e-mail

Accredited Entity

XacBank LLC

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
Anand Batsukh
Senior Project Development Officer, Eco Banking Department
XacBank Headquarters Building, Post Branch 20A, P.O. Box 72, Ulaanbaatar, Mongolia
Phone +976 7577 1888
anand.b@xacbank.mn

National Designated Authority

Mongolia

Ministry of Environment and Tourism

Batjargal Zamba
National Focal Point for the GCF
Suite 203, Margad Center 8th Khoroo, Student Street, Ulaanbaatar, Mongolia
Chuluunkhuu Baatar
Carbon and Climate Finance Specialist
Suite 203, Margad Center 8th Khoroo, Student Street, Ulaanbaatar, Mongolia
Anand Tsog
Climate Change Officer
Government Building II, United Nations Street 5/2, Ulaanbaatar, Mongolia