PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

537484

Primary Business Area

Access To Finance

Disclosure Date

Oct 27, 2009

Country

Russian Federation

Region

Europe

IFC Approval Date

Jun 21, 2005

Status

Completed

Estimated Total Budget

$8,512,539.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Feb 1, 2005

Project Description

The project works with participating financial institutions to encourage financing of sustainable energy projects in Russia. It helps: 1) deepen the Russian financial markets, making longer-term capital available for investment by small and medium enterprises, and 2) create an awareness in Russian financial institutions that energy efficiency projects are financially viable and improve the risk profile of the client by reducing operating costs. The objective is improved energy efficiency and profitability of Russian companies, leading to a reduction in greenhouse gas emissions.