SAP004

Energy Efficient Consumption Loan Programme

Energy Efficient Consumption Loan Programme

  • Status Under implementation
  • Date approved 20 Oct 2018 at B.21
  • Est. completion 28 May 2029
  • ESS Category Intermediation 3

This programme will provide loans to energy efficiency heating appliances and housing products, with heating appliances certified to achieve at least a 20 percent reduction in energy usage.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

05 Mar 2018 - 230 days

Concept note received

05 Mar 2018
Funding proposal received

30 Mar 2018
Cleared by GCF Secretariat

04 May 2018
Cleared by iTAP

08 Jun 2018
Legal opinion on AE's Internal Approval

22 Jun 2018
Approved

20 Oct 2018 - 221 days

Approved by GCF Board

20 Oct 2018
FAA executed

18 Apr 2019
Under implementation

28 May 2019 - 2,036 days so far

FAA effective

28 May 2019
Disbursement - USD 1,000,000

14 Jun 2019
Disbursement - USD 1,000,000

14 Jun 2019
Disbursement - USD 8,000,000

13 Nov 2023
To be completed

28 May 2029 - 1,619 days to go

One region

  • Asia-Pacific

One country

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing100% disbursed

InstrumentAmount
LoanUSD 9,000,000
GrantUSD 1,000,000
Total GCF Financing
USD 10,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 9,000,000
Co-FinancingGrantUSD 2,500,000
Total Co-Financing
USD 11,500,000

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
Send e-mail

Entity

XacBank JSC (Mongolia)
Ms. Tuul Galzagd
Primary

Director, Eco Banking Department
XacBank Headquarters Building, Post Branch 20A, P.O. Box 72, Ulaanbaatar, Mongolia
Phone +976 7577 1888
tuul.g@xacbank.mn
Mr. Enkh-Erdene Erdenekhuyag
Secondary

Project Development Officer
XacBank Headquarters Building, Post Branch 20A, P.O. Box 72, Ulaanbaatar, Mongolia
Phone +976 7577-1888
enkherdene.e@xacbank.mn
More contacts

National Designated Authority

Mongolia
Ministry of Environment and Tourism
Mr. Batkhishig Purevdoo Primary
Special Envoy on Climate Change of Mongolia, Ministry of Environment and Climate Change
Ministry of Environment and Climate Change Artsatiin am 624 Khan - Uul District 23rd khoroo, Ulaanbaatar, Mongolia
Phone +976-99112863
batkhishig@mecc.gov.mn
Ms. Narangaravuu Altangerel Secondary
Senior Analyst, International Cooperation Department, Ministry of Environment and Climate Change
Phone +976-99998146
narangaravuu@mecc.gov.mn
int.cooperation@mecc.gov.mn

Documents

Title Type Date
2022 Annual Performance Report for SAP004: Energy Efficient Consumption Loan Programme Annual Performance Report 28 Feb 2023
2020 Annual Performance Report for SAP004: Energy Efficient Consumption Loan Programme Annual Performance Report 28 Feb 2021
Gender action plan for SAP004: Energy Efficient Consumption Loan Programme Gender action plan 16 Jan 2019
Gender assessment for SAP004: Energy Efficient Consumption Loan Programme Gender assessment 16 Jan 2019
Energy efficient consumption loan Approved funding proposal 28 Nov 2018
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