Restructuring                                                               Status: Archived
Restructuring Type: Level two
Last modified on date : 05/24/2011

1. Basic Information
Project ID & Name                       P070246: ENERGY EFFICIENCY (GEF)
Country                                 Poland
Task Team Leader                        Peter Johansen
Sector Manager/Director                 Ranjit J. Lamech
Country Director                        Peter C. Harrold
Original Board Approval Date            10/14/2004
Original Closing Date:                  06/30/2011
Current Closing Date                    06/30/2011
Proposed Closing Date [if applicable]   06/30/2012
EA Category                             B-Partial Assessment
Revised EA Category                     B-Partial Assessment-Partial Assessment
EA Completion Date                      04/01/2000
Revised EA Completion Date


2. Revised Financing Plan (US$m)
Source                                           Original                     Revised
BORR                                                   0.00                          0.00
GEFU                                                  11.00                         11.00
LFI                                                   53.50                         53.50
Total                                                 64.50                         64.50


3. Borrower
         Organization                   Department                         Location
Ministry of Finance                                            Poland


4. Implementing Agency
        Organization                    Department                        Location
Bank Gospodarstwa Krajowego                                   Poland




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5. Disbursement Estimates (US$m)
Actual amount disbursed as of 05/25/2011                                                          8.56
         Fiscal Year                                Annual                          Cumulative
2011                                                         0.00                                 8.56
2012                                                         2.44                                11.00
                                                         Total                                   11.00


6. Policy Exceptions and Safeguard Policies
Does the restructured project require any exceptions to Bank policies?                                N


Does the restructured projects trigger any new safeguard policies? If yes, please select              N
from the checklist below and update ISDS accordingly before submitting the package.




7a. Project Development Objectives/Outcomes
Original/Current Project Development Objectives/Outcomes
The objective of the proposed project is to increase public and private sector investments in energy
efficiency in buildings. The project will achieve this by: 1) Overcoming the risk barriers in the financial
markets inhibiting commercial bank participation in energy efficiency project financing; 2)
Demonstrating the feasibility of packaged investments in higher-cost energy efficiency measures in
buildings and increasing acceptance of energy performance contracting mechanisms in Poland; and 3)
Stimulating the demand for energy efficiency services in the buildings sector and increasing awareness and
capacity of commercial banks to originate and implement loan transactions for EE investments.



7b. Revised Project Development Objectives/Outcomes [if applicable]




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