Implementing Agency:
World Bank,
Starting: January 2006
Ending: 2012
Description:
During the last two decades several energy efficiency
(EE) programs have been carried out in
Now, as
The global objective of the Project is to reduce
environmentally harmful gas emissions by systematically removing the barriers
that prevent investments in efficient energy use and conservation. (GEF No.5
Operational Program). Project implementation will take place over the course of
six years.
The Project’s main activities are:
1. To promote EE investments and practices by
end-users by supporting further market penetration of energy efficient equipment
and services, including ESCOs;
2. To facilitate EE and demand-side management (DSM)
investments by electric power distribution companies;
3. To provide technical assistance for Project
promotion, monitoring and management.
The estimated total cost of the EE Project is US$40.3
million. The Project will be financed by a GEF grant, bilateral donors, the
Argentine Government, energy companies, commercial financing sources, and other
stakeholder and participants.
Preliminary estimates show that by the year 2014, the
Project could reach the following results (to be revised during project
preparation), as compared with the baseline: a 1,880 MW reduction in electric
power demand; a 12.7 TWh reduction in annual generation of electric power, and
savings of 1.0 million tons of oil equivalent per year. The estimated reduction
in CO2 emissions over a ten year period from the start of the
project is estimated at 14.3 million tons – equivalent to a 5% reduction in
emissions.
Budget:
GEF Grant: US$ 15,500,000
Co-financing: US$ 82,613,000
Total Budget: US$ 98,113,000
Source: