ENERGY EFFICIENCY PROGRAM/INDUSTRIAL SECTOR

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The main objective of the Energy Efficiency Program and Industrial Sector Project is to overcome barriers to the development of a sustainable market for energy efficiency products. In addition to the removal of institutional, and capacity-related barriers, the project aims to establish energy services companies (ESCOs) as the main vehicle to guarantee a sustainable energy efficiency market. Based on current levels of energy consumption, energy efficiency measures would be evenly split between heavy, and light industries. The single biggest energy consumer is the cement production sector, which would provide the largest reduction potential. The project consists of three main components: 1) a targeted Global Environment Facility (GEF) pilot phase project for energy efficiency investments; 2) a GEF Partial Guarantee Fund, aimed at enabling the establishment of ESCOs; and, 3) technical assistance for building the capacity of ESCO candidates, and financial institutions, and, for testing newly introduced energy efficiency products. Technical centers would assist in training and awareness building activities.