India on 13th Dec 2016 signed a grant agreement of USD 5.19 million with International Bank for Reconstruction and Development for Additional Financing for Financing Energy Efficiency at MSMEs Project- Programmatic Framework for Energy Efficiency.
IBRD is acting as an implementing agency of the global environment facility.
The additional financing will be used to scale up initiatives taken under parent project.
It will bridge the gap in understanding among different stakeholders mainly energy professionals or technology suppliers, banks and financial institutions.
It will be implemented by a three pronged approach- capacity building, direct involvement to augment EE investments at MSME level and escalation of the EE Knowledge base to scale up and replicate the project initiatives such as by establishing KPIs.
FEEMP- Financing Energy Efficiency at MSME Project- Initiated in: Sept 2010.
- Grant amount: USD 11.3 million
- Objective: Increase energy efficiency investments in MSME clusters.
- Attained satisfactory rating of Project Development Objective and implementation performance.
