Project Name：The Green Energy Special Fund

Project status：Completed projects

Cooperating Country：Eastern Europe, West and Central Asia

Project Description：

The TaiwanICDF maked a contribution of US$80 million to the Green Energy Special Fund (“GESF”). Proceeds from the TaiwanICDF’s sub-account under the GESF were used to co-finance EBRD’s lending operations to national and municipal governments in accordance with the TaiwanICDF’s geographical preferences and linked to projects containing green energy components, including but not limited to, technologies such as light-emitting diode (LED) street lights, smart meters, solar-powered technology, public transportation and electric systems.

Region：World Wide

Implementation Start Date：2011-05-19

Implementation End Date：2021-05-18

Project Objectives：Meet the energy needs of beneficiary countries in Central Europe, Eastern Europe and Central Asia as they make the transition to low-carbon energy solutions; promote energy efficiency and the development of renewable energy.

Executing Agency：EBRD

Implementation Arrangement：

1. The EBRD acted as the Contribution Administrator and Executing Agency and managed and oversaw projects under the GESF for at least the duration of the associated EBRD loan. 2.The GESF co-financed selected EBRD loan projects which usually also benefited from EBRD-administered technical assistance to enhance project results. GESF projects were subject to the standard approval processes of the EBRD’s Operations Committee and Board of Directors and were developed in line with the overall policies and guidelines of the Bank. 3. As a general rule agreed by the EBRD and the TaiwanICDF, the EBRD submited project proposals to the TaiwanICDF for approval before committing to implementation.

Signing Date：2011-05-19