GEF Efficient Lighting Initiative (ELI) Summary Of Project Information (SPI)    Project Name:Argentina, Peru, South Africa, Philippines, Czech Republic, Hungary, Latvia  IFC/GEF Efficient Lighting Initiative    Region:East Asia and Pacific, Latin America and Caribbean, Sub-Saharan Africa, Central and Southern Europe   Sector:Project No:00502238Projected Board Date:May 31, 1999   Company Name:Various, will be determined through solicitation during project implementation.    Technical Partner and/or Major Shareholders    	The project will be implemented globally by three "Regional Implementing Entitities" under close supervision of IFC''s Environmental Projects Unit.  IFC will negotiate implementation agreements with three electric utilities who will fulfill the implementing entity role. Within each country, the project will be implemented through teams of local partners, including NGOs, government agencies, lighting manufacaturer and service providers, local financial institutions, industry and consumer associations, marketing firms, electricity distributors, and ESCOs.    Project Cost Including proposed IFC investment    	 $15 million  (Global Environment Facility) to be managed by the Environmental Projects Unit of IFC.  The project is expected to leverage an additional US$35-90 million in private sector investment.    Location of project and Description of site    	Lighting markets in seven target countries in residential, commercial, industrial, and public sectors.    Description of Company and Purpose of Project    	ELI is designed to accelerate the development of the market for high efficiency lighting products and services in seven countries.  The objective is to reduce greenhouse gas emissions associated with fossil fuel-fired thermal plant electricity generation, as well as generating a variety of local environmental, social, and economic benefits in the host country.  Through the multi-country approach, ELI also seeks to accelerate the development of the global market for efficient lighting and to provide support for efforts in other countries to replicate the ELI program through ELI''s structured learning facility.      The project will utilize concessionary GEF funding to leverage additional private sector investment in energy efficient lighting marketing, manufacturing, and project development.  The long-term impact on lighting markets is expected to produce sustained benefits which will persist well beyond the three year scope of the project.    Environmental Category and Issues    	Category C.    	In addition to replacing inefficient lighting technology with high efficiency lighting technology, the project will seek opportunities to improve the availability of proper waste disposal mechanisms for lighting products which are removed from service.    The  is  from the InfoShop.    Date SPI sent to InfoShop April 28, 1999    This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact: Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384