Montenegro Second Energy Efficiency Project

Abstract*

The development objective of Second Energy Efficiency Project for Montenegro is to improve energy efficiency in health sector buildings, and to develop and demonstrate a sustainable financing model. This project has three components. 1) The first component, Energy Efficiency (EE) investments in health sector buildings, aims to support: (i) EE investments in selected state‐owned public health sector facilities, for which achieved energy cost savings... Show More

Development Objective

The project development objective is to improve energy efficiency in health sector buildings, and to develop and demonstrate a sustainable financing model.

Key Details

Project Details

Project ID
P165509
Status
Active
Team Leader
Yuriy Myroshnychenko
Borrower 2
Ministry of FInance

Country
Montenegro
Disclosure Date
April 16, 2018
Approval Date
(as of board presentation)
June 4, 2018
Effective Date
August 30, 2018

Total Project Cost 1
US$ 9.00 million
Implementing Agency
Ministry of Energy and Mining,Ministry of Health
Region
Europe and Central Asia
Fiscal Year 3
2018

Commitment Amount
US$ 7.39 million
Environmental Category
B
Last Update Date
January 31, 2024
Closing Date
June 30, 2025

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change100%
- FY17 - Mitigation100%
FY17 - Energy100%
- FY17 - Energy Efficiency100%

FY17 - Human Development and Gender

FY17 - Gender12%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	7.39
National Government	1.61

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	7.39
IDA Commitment	N/A
IBRD + IDA Commitment	7.39

Lending Instrument
Grant Amount	N/A
Total Project Cost**	9.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 15, 2021	IBRD-88700	Int Charges	173.72
May 15, 2021	IBRD-88700	Int Charges	4,068.63
Feb 24, 2021	IBRD-88700	Loan Disb	276,462.28
Nov 15, 2020	IBRD-88700	Int Charges	5,400.46
May 24, 2021	IBRD-88700	Loan Disb	170,506.22
Feb 4, 2021	IBRD-88700	Loan Disb	409,765.30
Nov 15, 2020	IBRD-88700	Int Charges	278.21
Nov 15, 2020	IBRD-88700	Int Charges	298.77
Feb 5, 2024	IBRD-88700	Loan Disb	223,471.84
May 15, 2024	IBRD-88700	Int Charges	128.07
May 15, 2024	IBRD-88700	Int Charges	1,065.31
May 15, 2024	IBRD-88700	Int Charges	133,888.83
May 15, 2024	IBRD-88700	Int Charges	7.46
May 15, 2024	IBRD-88700	Loan Repay	256,894.12
Jan 24, 2024	IBRD-88700	Loan Disb	389,931.40
Apr 11, 2024	IBRD-88700	Loan Disb	314,426.44
Nov 8, 2023	IBRD-88700	Loan Disb	153,464.52
Nov 15, 2023	IBRD-88700	Int Charges	1,805.21
Nov 15, 2023	IBRD-88700	Int Charges	116,349.34
Nov 15, 2023	IBRD-88700	Loan Repay	219,510.00
Jun 4, 2018	IBRD-88700	Loan Commitment	7,390,000.00
Nov 15, 2020	IBRD-88700	Int Charges	9,879.53
Feb 11, 2021	IBRD-88700	Loan Disb	152,257.40
Nov 4, 2020	IBRD-88700	Loan Disb	347,644.38
Jul 9, 2020	IBRD-88700	Loan Disb	232,740.84
Oct 13, 2020	IBRD-88700	Loan Disb	280,724.84
Apr 20, 2020	IBRD-88700	Loan Disb	538,669.40
May 15, 2020	IBRD-88700	Int Charges	55.83
May 15, 2020	IBRD-88700	Int Charges	84.55
May 15, 2020	IBRD-88700	Int Charges	6,263.42
May 15, 2020	IBRD-88700	Int Charges	3,213.96
Oct 16, 2019	IBRD-88700	Loan Disb	180,801.62
Dec 5, 2019	IBRD-88700	Loan Disb	311,091.12
Mar 30, 2020	IBRD-88700	Loan Disb	351,928.38
Mar 30, 2020	IBRD-88700	Loan Disb	179,033.02
May 15, 2019	IBRD-88700	Int Charges	152.44
May 15, 2019	IBRD-88700	Int Charges	7,821.35
Nov 15, 2019	IBRD-88700	Int Charges	7,777.89
Nov 15, 2019	IBRD-88700	Int Charges	1,276.07
Nov 8, 2019	IBRD-88700	Loan Disb	413,067.75
Aug 30, 2018	IBRD-88700	Loan Disb	17,547.00
Aug 30, 2018	IBRD-88700	Fee Charges	17,547.00
Oct 4, 2018	IBRD-88700	Loan Disb	402,482.50
Nov 15, 2018	IBRD-88700	Int Charges	3,410.77
Nov 15, 2018	IBRD-88700	Int Charges	21.04
May 15, 2019	IBRD-88700	Int Charges	1,212.22
May 15, 2019	IBRD-88700	Int Charges	112.73
May 15, 2023	IBRD-88700	Int Charges	65.73
May 15, 2023	IBRD-88700	Int Charges	1,785.36
May 15, 2023	IBRD-88700	Int Charges	80,318.47
May 15, 2023	IBRD-88700	Int Charges	41.20
Nov 15, 2022	IBRD-88700	Int Charges	1,904.81
Nov 15, 2022	IBRD-88700	Int Charges	15,388.87
Oct 11, 2022	IBRD-88700	Loan Disb	153,494.02
Mar 4, 2022	IBRD-88700	Loan Disb	205,027.94
May 15, 2022	IBRD-88700	Int Charges	86.90
May 15, 2022	IBRD-88700	Int Charges	29.40
May 15, 2022	IBRD-88700	Int Charges	2,053.01
May 15, 2022	IBRD-88700	Int Charges	7,363.54
Oct 15, 2021	IBRD-88700	Loan Disb	270,537.78
Oct 15, 2021	IBRD-88700	Loan Disb	186,864.97
Nov 15, 2021	IBRD-88700	Int Charges	7,591.90
Nov 15, 2021	IBRD-88700	Int Charges	49.41
Nov 15, 2021	IBRD-88700	Int Charges	20.73
Nov 15, 2021	IBRD-88700	Int Charges	2,890.40
Apr 14, 2021	IBRD-88700	Loan Disb	242,916.45
May 15, 2021	IBRD-88700	Int Charges	6,936.82
May 15, 2021	IBRD-88700	Int Charges	92.05

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2024-12-19
Financial Management	Satisfactory	2024-12-19
Monitoring and Evaluation	Satisfactory	2024-12-19
Overall Implementation Progress (IP)	Satisfactory	2024-12-19
Procurement	Moderately Satisfactory	2024-12-19
Project Management	Satisfactory	2024-12-19

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Develop and demonstrate a sustainable financing model	Value	No sustainable financing model	(a) Energy savings capture model is being implemen	(a) Energy savings capture model implemented; (b)
	Date	June 4, 2018	December 1, 2023	June 30, 2025
	Comment

Projected energy or fuel savings Value 0.00 145330133.00 215000000.00
Date June 4, 2018 December 1, 2023 June 30, 2025
Comment
Projected lifetime fuel savings Value 0.00 94669069.00 192000000.00
Date June 4, 2018 December 1, 2023 June 30, 2025
Comment
Projected electricity generation savings Value 0.00 50661064.00 23000000.00
Date June 4, 2018 December 1, 2023 June 30, 2025
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Net greenhouse gas emissions Value 0.00 10142.95 3211.27
Date June 4, 2018 December 1, 2022 June 30, 2025
Comment
Increase in women’s awareness of EE Value 0.00 0.00 10.00
Date June 4, 2018 December 1, 2023 June 30, 2025
Comment
Number of buildings retrofitted Value 0.00 9.00 18.00
Date June 4, 2018 December 1, 2023 June 30, 2025
Comment
Captured energy cost savings Value 0.00 325127.00 1200000.00
Date June 4, 2018 December 1, 2023 June 30, 2025
Comment
Percentage of project beneficiaries reporting an improvement in building comfort level, disaggregated by gender Value 0.00 0.00 30.00
Date June 4, 2018 December 1, 2023 June 30, 2025
Comment
Percentage of male project beneficiaries reporting an improvement in building comfort level Value 0.00 0.00 30.00
Date June 4, 2018 December 1, 2023 June 30, 2025
Comment
Percentage of female project beneficiaries reporting an improvement in building comfort level Value 0.00 0.00 30.00
Date June 4, 2018 December 31, 2023
Comment

Projected energy or fuel savings	Value	0.00	145330133.00	215000000.00
	Date	June 4, 2018	December 1, 2023	June 30, 2025
	Comment

Projected lifetime fuel savings	Value	0.00	94669069.00	192000000.00
	Date	June 4, 2018	December 1, 2023	June 30, 2025
	Comment

Net greenhouse gas emissions	Value	0.00	10142.95	3211.27
	Date	June 4, 2018	December 1, 2022	June 30, 2025
	Comment

Increase in women’s awareness of EE	Value	0.00	0.00	10.00
	Date	June 4, 2018	December 1, 2023	June 30, 2025
	Comment

Number of buildings retrofitted	Value	0.00	9.00	18.00
	Date	June 4, 2018	December 1, 2023	June 30, 2025
	Comment

Captured energy cost savings	Value	0.00	325127.00	1200000.00
	Date	June 4, 2018	December 1, 2023	June 30, 2025
	Comment

Montenegro Second Energy Efficiency Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS