IND.ENERGY EFFIC. I

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The objectives of this Energy Conservation and Substitution Project are: 1) to promote energy efficiency in Yugoslavia's industry; 2) to support the development of technical capabilities for energy audit work in Yugoslavia; and, 3) to strengthen the financial and institutional aspects of Ljubljanska Banka, Ljubljana (LBL). To this end, the project consists of a line of credit to LBL to finance subprojects for (a) energy conservation and substitution in industry; (b) energy audits; (c) the domestic production of energy-saving material or equipment; and the (d) development or expansion of proven substitute local energy resources. As part of the project, technical assistance is provided to: (a) technical enterprises to promote the domestic capability in energy auditing techniques and for consultancy services for energy audits of more complex subprojects; and (b) to assist LBL in upgrading its capabilities, with emphasis on investment analyses, management information systems and supervision. The project will make a direct contribution towards reducing energy imports in Yugoslavia, as well as improving the competitiveness of the exporting beneficiary enterprises.