Kosovo Energy Efficiency Fund (WB-P181189)

Countries
  • Kosovo
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 15, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 3.44 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 22, 2026

Disclosed by Bank Jul 12, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the WB, The project development objective is to reduce energy consumption and associated greenhouse gas (GHG) emissions in municipal facilities.

The Project is based on the Kosovo Energy Efficiency and Renewable Energy Project (KEEREP, P143055), which was approved in June 18, 2014 and closed on June 30, 2024. KEEREP was supported by a US$31 million IDA credit and EUR 9.4 million grant from the EU-Instrument for Pre-Accession (IPA) and established the Kosovo Energy Efficiency Fund (KEEF) in January 2019 as a sustainable financing mechanism on a revolving basis for energy efficiency (EE) and distributed renewable energy (RE) investments in municipalities. By the closing date, KEEREP has completed investments in about 90 subprojects across Kosovo in municipal buildings and street lighting. The proposed Project would channel an additional EUR 2.7 million EU IPA grant to continue to support KEEF's investments in municipalities. The proposed Project includes two components: 1) Financing for municipal investments into EE and distributed RE (EUR 2.6 million EU IPA grant) and 2) Technical studies related to the investments (EUR 100,000 EU IPA grant, ~EUR 200,000 KEEF funds). The proposed Project is aligned with Kosovo's CPF: Under the High-Level Objective 3, on increased environmental resilience, the CPF seeks to support Kosovo's transition toward a future that safeguards the sustainability of economic growth and citizens' quality of life. The CPF also contributes to the policy priority on climate change preparedness by aiming to decrease emissions. The CPF will continue to advance the energy efficiency and energy transition agendas through: (i) analytical work, with a focus on decarbonization, regional integration, and a just transition; (ii) ongoing WBG energy efficiency operation and transactions; and (iii) transformative operations that aim to maximize private capital mobilization in a modernized regulatory framework.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank
Contact : Rhedon Begolli Title : Senior Energy Specialist
Telephone No : 5282+1103 / Email :
Contact : Aditya Alexander Lukas Title : Energy Specialist
Telephone No : 202-473-7591 Email :

Borrower/Client/Recipient
Borrower : Ministry of Finance, Labour and Transfers
Implementing Agencies

Implementing
Agency :
Kosovo Energy Efficiency Fund
Contact : Ahmet Ismaili Title : Managing Director
Telephone No : 38338223777 Email : Ahmet.ismaili@fkee-rks.net

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works