Additional Financing for Energy Efficiency in Public Facilities Project (PRESEMEH) (WB-P165585)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • 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
Active
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.
Voting Date
Mar 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
United Mexican States, Secretaría de Energía
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Energy
  • Infrastructure
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 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)
$ 55.79 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 @ WB website

Updated in EWS Jul 11, 2018

Disclosed by Bank Nov 1, 2017


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Project Description

According to the World Bank, the development objective of the Energy Efficiency in Public Facilities Project for Mexico is to promote the efficient use of energy in Mexico's municipalities by carrying out energy efficiency investments in selected municipal sectors and contribute to strengthening the enabling environment.

The project has the following four components:

(i) policy development and institutional strengthening

(ii) municipal energy efficiency (EE) investments

(iii) public facility energy efficiency investments

(iv) municipal energy efficiency contingency facility.

The proposed additional financing (AF) will leverage the experience gained with the development and implementation of the parent Project’s innovative operational and financing scheme for EE investments in the public sector by expanding its reach beyond municipal street lighting, municipal buildings and waste water utilities to two important public sectors with a high energy consumption and high potential for EE: health and education.

Investment Description
  • World Bank (WB)

THe International Bank For Reconstruction And Development of the World Bank Group will provide US$50.0 million of funding for this project. The additional US$5.79 million will come from the Global Environment Facility (Gef) in the form of a grant. 

Contact Information

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.