| Financier | Commitments |
|---|---|
| Borrower/Recipient | 8.84 |
| Global Environment Facility (GEF) | 1.82 |
Energy Efficiency Project
Abstract*
The development objective of the Energy Efficiency Project for Armenia is to reduce energy consumption of social and other public facilities. The global environmental objective is to decrease greenhouse gas emissions through the removal of barriers to the implementation of energy efficiency investments in the public sector. There are two components to the project. The first component of the project is Energy efficiency investments in public facilities... Show More
Development Objective
The project development objective is to reduce energy consumption of social and other public facilities. The global environmental objective is to decrease greenhouse gas emissions through the removal of barriers to the implementation of energy efficiency investments in the public sector.
Key Details
Project Details
P116680
Closed
Ani Balabanyan , Jasneet Singh
Republic of Armenia
April 28, 2010
(as of board presentation)
March 27, 2012
August 10, 2012
US$ 10.66 million
Armenia Renewable Resources and Energy Efficiency Fund
2012
US$ 1.82 million
B
October 2, 2023
June 30, 2016
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 1.82 |
| Total Project Cost** | 10.66 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Counterpart Funding | Satisfactory | 2016-06-09 |
| Project Management | Satisfactory | 2016-06-09 |
| Monitoring and Evaluation | Satisfactory | 2016-06-09 |
| Overall Implementation Progress (IP) | Highly Satisfactory | 2016-06-09 |
| Summary Global Objective Rating | Highly Satisfactory | 2016-06-09 |
| Procurement | Satisfactory | 2016-06-09 |
| Financial Management | Satisfactory | 2016-06-09 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-22-2016 |
|---|---|
| Outcomes | Highly Satisfactory |
| Risk to Development Outcome | Negligible |
| Bank Performance | Substantial |
| Borrower Performance | Substantial |
| Government Performance | Substantial |
| Implementing Agency | Highly Satisfactory |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 06-06-2017 | PROJECT PERFORMANCE ASSESSMENT REPORT: 03-28-2019 |
|---|---|---|
| Outcome Rating | Highly Satisfactory | Moderately Satisfactory |
| Risk To Development Outcome | Modest | Substantial |
| Bank Performance | Satisfactory | Moderately Satisfactory |
| Borrower Performance | Satisfactory | Moderately Satisfactory |
| Government Performance | Satisfactory | Not Rated |
| Implementing Agency | Satisfactory | Satisfactory |
| Icr Quality | Substantial | Not Rated |
| M&e Quality | High | Modest |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
CO2 emission reductions in retrofitted social and other public facilities through energy efficiency investments Value 0.00 137569.00 50549.00 Date July 3, 2012 April 30, 2016 June 30, 2016 Comment Energy savings in retrofitted social and other public facilities Value 0.00 540.24 215.69 Date July 3, 2012 April 30, 2016 June 30, 2016 Comment Regulations, legislative amendments, guidelines to further promote energy efficiency Value No Yes Yes Date July 3, 2012 April 30, 2016 June 30, 2016 Comment Number of public sector projects commissioned Value 0.00 98.00 85.00 Date July 3, 2012 April 30, 2016 June 30, 2016 Comment Cumulative investments in social and other public facilities Value 0.00 9885955.00 6000000.00 Date July 3, 2012 April 30, 2016 June 30, 2016 Comment