| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 27.40 |
North Macedonia Public Sector Energy Efficiency Project
Abstract*
The original project is to support the renovation of public buildings (central and municipal) through the provision of an IBRD loan through a project implementation unit under the Ministry of Finance. In parallel, technical assistance (TA) will be provided to help design and operationalize an Energy Efficiency Fund (EE Fund) to provide financing on a more sustainable basis. The project will also provide an initial capital of EUR 5 million for the... Show More
Development Objective
The Project Development Objectives are to: (i) reduce energy consumption in the public sector; and (ii) support the development and implementation of a sustainable financing mechanism for energy efficiency in the public sector.
Key Details
Project Details
P149990
Active
Aditya Lukas , Rhedon Begolli
North Macedonia
March 27, 2019
(as of board presentation)
January 30, 2020
May 12, 2021
US$ 35.00 million
Ministry of Finance
2020
US$ 27.40 million
N/A
February 22, 2024
September 30, 2025
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 27.40 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 27.40 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 35.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jan 30, 2020 | IBRD-90380 | Loan Commitment | 27,400,000.00 |
| Sep 15, 2023 | IBRD-90380 | Int Charges | 33,374.43 |
| Jun 15, 2023 | IBRD-90380 | Loan Disb | 934,500.56 |
| Nov 7, 2023 | IBRD-90380 | Loan Disb | 1,045,482.94 |
| Apr 19, 2024 | IBRD-90380 | Loan Disb | 884,227.40 |
| Mar 15, 2024 | IBRD-90380 | Loan Repay | 191,931.45 |
| Mar 15, 2024 | IBRD-90380 | Int Charges | 30,228.86 |
| Mar 15, 2024 | IBRD-90380 | Int Charges | 64,796.69 |
| Jun 21, 2024 | IBRD-90380 | Loan Disb | 1,619,467.60 |
| Jul 9, 2021 | IBRD-90380 | Loan Disb | 296,425.00 |
| May 12, 2021 | IBRD-90380 | Loan Disb | 75,787.50 |
| May 12, 2021 | IBRD-90380 | Fee Charges | 75,787.50 |
| Sep 15, 2021 | IBRD-90380 | Int Charges | 16,225.84 |
| Sep 15, 2021 | IBRD-90380 | Int Charges | 106.25 |
| Mar 15, 2022 | IBRD-90380 | Int Charges | 33,628.88 |
| Mar 15, 2022 | IBRD-90380 | Int Charges | 239.50 |
| Aug 15, 2022 | IBRD-90380 | Loan Disb | 808,678.25 |
| Dec 28, 2021 | IBRD-90380 | Loan Disb | 55,214.52 |
| Sep 15, 2022 | IBRD-90380 | Int Charges | 30,821.56 |
| Sep 15, 2022 | IBRD-90380 | Int Charges | 442.19 |
| Mar 15, 2023 | IBRD-90380 | Int Charges | 31,410.20 |
| Mar 15, 2023 | IBRD-90380 | Int Charges | 13,499.40 |
| Mar 15, 2023 | IBRD-90380 | Loan Repay | 68,166.16 |
| Mar 15, 2023 | IBRD-90380 | Int Charges | 174.05 |
| Mar 15, 2023 | IBRD-90380 | Int Charges | 4.76 |
| Sep 15, 2023 | IBRD-90380 | Int Charges | 31,445.55 |
| Sep 15, 2023 | IBRD-90380 | Loan Repay | 122,453.20 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Moderately Satisfactory | 2024-09-10 |
| Project Management | Satisfactory | 2024-09-10 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-09-10 |
| Financial Management | Satisfactory | 2024-09-10 |
| Monitoring and Evaluation | Satisfactory | 2024-09-10 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-09-10 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Projected lifetime energy savings from EE investments in the public sector Value 0.00 0.00 2454434000.00 Date October 31, 2019 December 1, 2023 December 31, 2025 Comment Establishment and operationalization of an EE Fund Value No Energy Efficiency Fund for public sector No Energy Efficiency Fund for public sector EE Fund is established and operationalized Date October 31, 2019 December 1, 2023 December 31, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Associated CO2 emissions reductions as a result of the energy savings Value 0.00 0.00 235896.00 Date October 31, 2019 December 1, 2023 December 31, 2025 Comment Number of energy auditors, technical designers, constructors, supervisors trained Value 0.00 0.00 100.00 Date October 31, 2019 June 22, 2023 December 31, 2025 Comment Energy cost saving from EE measures (EURO) Value 0.00 0.00 3851705.00 Date December 31, 2019 December 1, 2023 December 31, 2025 Comment Number of female technical staff trained Value 0.00 0.00 50.00 Date October 31, 2019 June 22, 2023 December 31, 2025 Comment Associated particulate matter (PM) emission reductions as a result of the investments Value 0.00 0.00 69997.00 Date October 31, 2019 December 1, 2023 December 31, 2025 Comment Female staff hired under service contracts for technical and design work under the Project Value 20.00 20.00 30.00 Date October 31, 2019 June 22, 2023 December 31, 2025 Comment Number of subprojects completed Value 0.00 0.00 103.00 Date October 31, 2019 December 1, 2023 December 31, 2025 Comment Users committee members satisfied with the renovation consultation processes Value 0.00 100.00 90.00 Date October 31, 2019 June 22, 2023 December 31, 2025 Comment Number of buildings renovated with energy performance certificates of class C or higher Value 0.00 0.00 101.00 Date December 31, 2019 December 1, 2023 December 31, 2025 Comment Direct project beneficiaries Value 0.00 0.00 96892.00 Date December 31, 2019 December 1, 2023 December 31, 2025 Comment Female beneficiaries Value 0.00 0.00 50.00 Date October 31, 2019 January 1, 2024 December 31, 2025 Comment Increase in enduser satisfaction in renovated buildings Value 0.00 0.00 90.00 Date October 31, 2019 December 1, 2023 December 31, 2025 Comment