Kosovo Energy Efficiency and Renewable Energy Additional Financing (WB-P167572)

Countries
  • Kosovo
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
Proposed
Bank Risk Rating
B
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
Jan 21, 2020
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
Republic of Kosovo
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • 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)
$ 10.29 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)
$ 10.99 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 Feb 25, 2020

Disclosed by Bank Jan 8, 2020


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Project Description

According to Bank documents, this project provides financing to Kosovo to reduce energy consumption and fossil fuel use in public buildings through energy efficiency and renewable energy investments, and enhance the policy and regulatory environment for renewable energy and energy efficiency. 

Components include renovation of central-owned and municipal government buildings, and support to the Ministry of Environment and Spatial Planning for energy efficiency legislation and implementation.

Investment Description
  • World Bank (WB)

The funding for this project comes from the European Commission Development Fund.

Contact Information

World Bank
Jasneet Singh
Lead Energy Specialist

Rhedon Begolli
Senior Energy Specialist

Implementing Agencies
Kosovo Energy Efficiency Agency
Arsim Kuliqi
Chief Executive Officer
Arsim.Kuliqi@rks-gov.net

Kosovo Energy Efficiency Fund

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.