in June 2006. This two-phase project will receive a US$25.35 million grant from GEF, while the remaining $US 125 million will be financed by local and private sources. The project seeks to assist Mexico in developing initial experience in commercially based, grid-connected renewable energy applications. It will do so by supporting the construction of an approximately 101 megawatt independent power producer (IPP) wind farm, designated as "La Venta III". The Prototype Carbon Fund approved in December 2006 a US$12.29 million investment loan for a Wind Umbrella Project. A US$5.8 million GEF grant was approved in October 2002 for the Introduction of Climate Friendly Measures in Transport. The project, with a total budget of US$12.2 million, has will contribute to the establishment of policies that will assist towards a long-term modal shift in a climate-friendly, more efficient and less polluting, less carbon-intensive transport for the Mexico City Metropolitan Area (MCMA). IDB Currently, four IDB financed energy activities are under implementation in Mexico. In August 2009, a US$1 million non-reimbursable technical cooperation support to the National Program for Sustainable Energy Use In September 2008, a US$749,000 non-reimbursable technical cooperation was approved to support the implementation of a pilot initiative to use alternative energy sources and implement energy efficiency measures. This technical cooperation is still awaiting implementation. In May 2007, US$200,000 was approved to finance a project that aims at providing Assistance to CFE on Environmental and Social Aspects of Hydroelectric Projects. This US$1,168,000 project aims to assess CFE performance and management capability in dealing with environmental and social impacts of large hydroelectric projects. Financing for the Support for the Energy Secretariat on the Feasibility of Bio-Ethanol as Fuel was approved in August 2005. The US$146,000 provided by the IDB are complemented with US$30,000 from the country. The broad objective of the project is assessing the competitiveness of ethanol as a fuel. Sources Carreón and Jimenez, 2003. The Mexican Electricity Sector: Economic, Legal and Political Issues. SENER, 2006. Prospectiva del sector eléctrico 2006-2015. SENER & GTZ, 2006. Energías renovables para el desarrollo sustentable en México. SENER, 2009. Prospectiva del sector eléctrico 2008-2017. SENER, 2009. Programa Especial para el Aprovechamiento de Energías Renovables. SENER, 2015. Prospectiva del sector eléctrico 2015-2029. World Bank, 2004. Energy Policies and the Mexican Economy. World Bank, 2004. Mexico: public expenditure review, Volume II: Main report. World Bank, 2005. Mexico: infrastructure public expenditure review (IPER). See also Mexico Economy of