Scaling Up Energy Efficiency for Industrial Enterprises in Vietnam (GCF-FP071)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
National-wide - Energy Sector
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Green Climate Fund (GCF)
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Ministry of Planning and Investment (MPI)
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Industry and Trade
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Guarantee
The categories of the bank investment: loan, grant, etc.
Grant Amount (USD)
$ 113.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 495.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ GCF website

Updated in EWS Oct 2, 2018

Disclosed by Bank Feb 6, 2018


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Project Description

With financial and technical support from the World Bank the GCF, and IBRD Loan the Project will utilize approximately US$ 407.3 million of EE investments. The Project will support over 100 industrial companies to reduce energy consumption and generate about 120 Mt CO2, an equivalence of GHG emission reductions over the lifetime of the investments.

 

Investment Description
  • Green Climate Fund (GCF)
  • World Bank (WB)

The Project comprises two interrelated and closely coordinated components:


• Component 1: US$78 million GCF Risk Sharing Facility (GCF-RSF)
• Component 2: US$10 million World Bank and GCF Technical Assistance (WB/GCF-TA)


The Project is complemented by:


• IBRD Loan project: US$100 million World Bank Energy Efficiency Credit Line - Vietnam Energy Efficiency for
Industrial Enterprises Project (WB-VEEIE)

Contact Information

*Contact information is available at current stage of project*

Organization: The World Bank

Contact person:

1/ Thi Ba Chu

Energy Specialist, Task Team Leader

Email address: tchu@worldbank.org


Franz Gerner, Energy Sector Coordinator, Vietnam

Email address: fgerner@worldbank.org

Telephone number: +84 4 39367311

Mailing address

World Bank Office, 63 Ly Thai To Street, Hanoi, Vietnam

ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND

The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.