Energy Efficiency Facility for Industrial Enterprises

Summary

The objective of the project is to improve energy efficiency in Industrial Enterprises (IEs) by designing and establishing a financing mechanism for energy saving investments.

Expected Outcome

Expected Outputs

There are two components to the project. The first component of the project is development of energy efficiency (EE) capacity. This component has several broad objectives:

• to assist the Ministry of Economy, which is responsible for EE in Uzbekistan, in developing an EE strategy for IEs that will enable the Government of Uzbekistan to systematically and effectively scale-up and extend this operation in the next phase;
• to address the lack of knowledge, experience and expertise in identifying, preparing and implementing EE projects in the industrial sector through targeted training;
• to develop an EE communication strategy for the industrial sector; and
• to create and maintain the Project Coordination Unit under MoE to coordinate the implementation of the Uzbekistan Energy Efficiency Facility for Industrial Enterprises Project.

The second component of the project is credit line to participating Banks. The Asaka, Uzpromstroy, and Hamkor Banks will sign sub-credit agreements with an allocation of US$8 million to on-lend to IEs to carry out EE investments.