Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 259

Posts Tagged ‘Efficient energy use’

World Bank Assists Montenegro with Energy Savings

Posted by fidest press agency su martedì, 24 dicembre 2013

Montenegro

Montenegro (Photo credit: the MaGe)

WASHINGTON, The World Bank’s Board of Executive Directors approved today a EUR 5 million (US$6.8 million equivalent) Additional Financing for the Energy Efficiency Project in Montenegro. The project will support the Government of Montenegro’s efforts to improve energy efficiency of public buildings, and strengthen capacity of energy efficiency service providers in Montenegro.The original project in the amount of EUR 6.5 (US$9.4 million equivalent) was approved in 2008 and has achieved very good results – total of 15 public sector facilities were retrofitted to make them more energy efficient (9 in the education sector and 6 in the health sector). Energy savings in the range of 30-65% have been achieved in each of the completed facilities.The additional financing will scale up project activities to enhance the impact of a well performing project and finance investments in health facilities in the country to make them more energy efficient. About 12-14 hospitals and health care centers throughout the country will be encompassed by the project. The project activities are planned to be completed by March 31, 2017.“The World Bank recognizes the importance of efficient energy utilization in Montenegro as the country imports significant amount of electricity to meet the needs of its consumers,” said Anabela Abreu, World Bank Country Manager for Montenegro. “Montenegro adopted its first National Energy Efficiency Action Plan (NEEAP) for 2010-2012, followed by the adoption of the indicative energy saving target of 9% until 2018, and the World Bank is happy to contribute to that target with this project.”The Energy Efficiency Project not only contributes to the energy savings but also has an important role in the implementation of the Energy Efficiency Law, which assigned a central role for the promotion of energy efficiency to the Ministry of Economy, as well as energy efficiency obligations for public administration bodies.

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World Bank Continues Helping Industrial Enterprises in Uzbekistan Become More Energy Efficient

Posted by fidest press agency su martedì, 30 aprile 2013

WASHINGTON. The World Bank’s Board of Directors today approved a US$100 million credit to the Republic of Uzbekistan as an Additional Financing to the Energy Efficiency Facility for Industrial Enterprises Project (UZEEF). The project is helping improve energy efficiency in the industrial sector resulting in reduction of power and fuel usage, and greenhouse gas emission. The proposed additional credit will co-finance energy efficiency sub-projects in industrial enterprises and ensure transfer of state-of-the-art technologies.Uzbekistan is one of the most energy intensive countries in Eastern Europe and Central Asia and a large carbon dioxide emitter. Reducing energy consumption and conserving energy are top economic priorities of the government. There is a wide consensus that the potential for energy savings is huge through implementation of energy efficiency measures in the industrial sector that uses outdated machinery and equipment. The project’s objective is to improve energy efficiency in industrial enterprises by designing and establishing a financing mechanism for energy saving investments. Improving energy efficiency and reducing energy consumption in industrial enterprises will improve the overall competitiveness of the Uzbek economy, free up scarce energy resources, and reduce greenhouse gas emissions.The original UZEEF project has been successful and it is expected that the credit will be fully disbursed by the end of 2014, about 12 months ahead of original plans. The original project finances sub-projects with estimated energy savings of more than 50,000 MWh. The additional financing would further enhance and scale up the development impact of the project by financing more energy efficiency sub-projects with approximately 200,000 MWh energy saving potential and 400,000 tons of CO2 emissions reduction cumulatively.Two state-owned banks (Asaka Bank and Uzpromstroybank) and a private bank (Hamkorbank) are the financial intermediaries for the project. Although the industrial sector is quite varied, typical energy efficiency investments involve simple replacements or upgrades of boilers, replacement of outdated equipment and machinery, installation of variable speed drives, and the use of wasted heat for power generation. Energy intensive industries, such as metallurgy, chemical, building materials, and the food processing, with a relative high share of energy consumption in total production costs, are particularly good candidates for energy efficient investments.

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