Regional: Energy Audits Programme Framework Agreements (D'Appolonia)

TC Project

Summary Description

The main objective of this assignment was to help the EBRD assess energy saving opportunities within its energy intensive clients’ operations and to support the Bank in designing adequate investments to realise such energy savings. This project has benefited both the Bank and the clients. By using CEI TC contributions to initially fund the energy audits, the EBRD was able to overcome initial client resistance (which is the main obstacle to energy saving opportunities in both developed and transition economies).   The main benefit for the EBRD is to
  • increase its energy savings investments
  • improve the credit quality of its industrial investments
  • help reduce energy consumption of its clients and improve environmental impact, and
  • provide necessary training in energy management and implementation of energy efficient technologies.
  Main achievements The energy audits helped identify a range of cost effective energy saving investments. This TC followed the successful implementation of two other similar TCs. The followed methodology is widely accepted as very well designed and comprises well-defined tasks and deliverables, which have proven to be consistent with the objectives of the TC and the expectations of clients. Feedback from beneficiaries and the EBRD has been very positive. Significant carbon emission reduction components (CO2 recovery) have been highlighted. The energy audits have been an invaluable means to show the client and the Bank the potential benefits associated with the implementation of the energy efficiency investments identified. The CEI support has been highlighted in official documents and press releases to give adequate visibility to the Donor.   The TC engaged local capabilities helping clients address specific local issues and interact more effectively.   For such energy audit activities CEI has provided TC to assist the EBRD in raising the priority of sustainable energy on the agenda of CEI countries. Two consulting firms have been selected to perform the assignments included in the TC and the results achieved extremely positive:
  • 18 activities undertaken
  • 11 projects resulting in energy efficiency investments financed by the Bank (EBRD component only > €97 million)
  • energy efficiency components identified through the audits resulting in annual emission reduction in the range of 450 ktonCO2.
 

This TC fund was instrumental not only in identifying energy saving investments but also for improving the attractiveness of the Bank as a source of financing and secure a wider range of transactions. The possibility to provide additional services for the clients as energy audits and energy management training makes the prospect of working with the EBRD more attractive confirming the transition impact potential this TC can have in the CEI region.

Countries of operation
REGIONAL
TC Sector
Energy
Commitment stage name
Closed
Euro committed
226,582

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