Status of Registered Projects

GAF-RE is structured to provide financing for private investors investing in Renewable Energy Projects. Disbursement of loans is limited to the available funds within the framework of the Programme on Development of Renewable Energies (Phase IV and V).

For the first project of the Evaluation List that meets the eligibility criteria and presents full set of requested documents (including complete Detailed Design), the Consultant will prepare a Technical Assessment. Only three Technical Assessments are carried out at a time.

If the submitted documentation, detail design, business plan, etc. turn out to show major deficiencies during the Technical Assessment process, these deficiencies will be communicated to the Investors (Owners), who will need to rectify the deficiencies. If there is another eligible project in the Evaluation List that meets the requirements, a Technical Assessment will be started for that project instead.

Following Projects will be evaluated after completion of the Technical Assessment of the previous project.

Applications will be accepted until the available funds are used up.

The below table shows the present status of projects already registered under the GAF-RE Programme.

Projects are separated by the criteria:

• Completed Projects (Final Monitoring Report is issued and all funds are disbursed)
• Projects under Construction / Funding (projects in construction and/or monitoring stage)
• Approved for Funding (a positive Technical Assessment Report is issued by the Consultant)
• Projects under Technical Assessment (projects in the Evaluation List)
• Projects Applied for Funding (projects in the Long List and Short List)
• Rejected Projects (projects that are rejected because of non-compliance or other reasons)
• Applications withdrawn