ENERGY EFFICIENCY PROJECT (IBRD)

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The objective of the Croatia Energy Efficiency Project is to increase the demand for and supply of energy efficiency projects and services. The project has four components. Component 1 finances energy saving investments, which will be principally goods, materials, and installation works implemented in the premises of the new energy service, HEP ESCO and other ESCO clients under Energy Performance Service Contracts. About 125 projects may be implemented. Component 2, the HEP ESCO project development and project financing component includes a GEF contingent grant, used to finance preliminary project development costs, and equipment and installation services for initial energy saving investments. Component 3 enhances the creditworthiness of HEP ESCO, and other energy service providers and end users. Component 4 funds training, information dissemination, outreach, and monitoring and verification.