Innovative Instruments to Foster Energy Efficiency in SMES in Colombia

The project's objective is to facilitate SME access to the market for specialized EE financial and technical services, and to enable them to invest in measures that reduce energy costs and lower GHG emissions. The objective will be achieved by supporting the development of ESCOs market in Colombia thanks to an innovative financing mechanism for small scale EE projects (the "EE Projects").

Project Detail

Country

Colombia

Project Number

CO-Q0016

Approval Date

September 13, 2017

Project Status

Cancelled

Project Type

Equity

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 3,300,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 3,100,000.00