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$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects

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Story Released 8:44am 14/08 $100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects

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$10 Trillion for Asian Energy Efficiency Projects
$10 Trillion for Asian Energy Efficiency Projects

Monday 1st November 2010

ASIA can get $10 trillion for energy efficiency and sustainability claim the Asian Development Bank (ADB). ADB claim this amount is needed to finance energy efficiency projects across Asia over the next 20 years. The projects will include more efficient use of energy as well as greater reliance on renewable power sources. However, ...

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Public Library sets Example in Energy Saving
Public Library sets Example in Energy Saving

Thursday 28th October 2010

BOISE Public Library, U.S., yesterday received an Idaho Power incentive cheque of $66,992 for energy-efficient upgrades to the Main Library lighting system while demonstrating the savings from energy efficiency. The Idaho Statesman reports the story of Idaho's State Capital's Public Library and it details the substantial savings which are available to ...

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Unspent Money to be Used for Energy Efficiency Projects
Unspent Money to be Used for Energy Efficiency Projects

Thursday 28th October 2010

THE European Parliament’s Energy Committee has given a green light to free up €146 million of uncommitted funds to finance energy saving, energy efficiency and renewables projects. Amended legislation on the European Energy Recovery Plan (EERP), will channel the unspent money into a new fund to finance energy efficiency improvements in ...

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Funding for Agricultural Energy Efficiency
Funding for Agricultural Energy Efficiency

Thursday 21st October 2010

U.S. AGRICULTURE Secretary Tom Vilsack announced yesterday that the Department of Agriculture (USDA) is providing loans and grants of $1.6 million for several energy efficiency and renewable energy projects in North Carolina. The financing is being provided under the Rural Energy for America Program (REAP). Vilsack announced: "These loans and grants ...

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$2.3 Trillion Indian Energy Efficiency Plan
$2.3 Trillion Indian Energy Efficiency Plan

Wednesday 13th October 2010

INDIA is to spend $2.3 trillion as a boost to its energy sector by 2030 through improving  energy efficiency and the use of clean technology which will help the country balance growth with environmental aims. India needs to continue burning cheaper fossil fuel to be able to expand the reach of ...

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EU Energy Efficiency Needs Big Investment
EU Energy Efficiency Needs Big Investment

Tuesday 12th October 2010

THE EUROPEAN Union's (EU) aim of increasing energy efficiency 20% by 2020 is way off target and they will need to invest EUR1 trillion to meet its climate change targets. This is all according to a draft document seen by the Dow Jones Newswire today. The document will be made public ...

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India gets new Energy Efficiency Finance Package
India gets new Energy Efficiency Finance Package

Friday 8th October 2010

INDIA has a new financial product aimed at driving investment into energy-efficiency projects performed by Indian energy saving businesses. With Indian energy demand expected to climb by 60 percent between 2003 and 2016, there is a significant need for energy saving solutions across India and this new arrangement will provide a ...

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Energy Efficient Lighting Systems for Government Agencies
Energy Efficient Lighting Systems for Government Agencies

Wednesday 6th October 2010

AN ENERGY-EFFICIENT lighting system will be installed in the main offices of 35 government agencies as part of the Philippine government’s clean energy project. Philippines Energy Secretary Jose Rene D. Almendras revealed this week that the initiative will produce and expected annual savings of over US$500,000. According to Philippine Department of Energy’s ...

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15 Million Euro Energy Efficiency Grant for Lebanese SMEs
15 Million Euro Energy Efficiency Grant for Lebanese SMEs

Monday 27th September 2010

THE European Union has signed grant contracts worth €15 million with Lebanon to provide an energy efficiency financing initiative targeting SMEs wanting to invest in energy savings technologies. The European Union has signed grant contracts with Banque du Liban (BdL) and Kafalat for the implementation of an energy efficiency financing window ...

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Ukraine get $130 Million for Energy Efficiency Projects
Ukraine get $130 Million for Energy Efficiency Projects

Thursday 23rd September 2010

The European Bank for Reconstruction and Development (EBRD) are providing $130 million in loans to the Ukraine for financing energy efficiency projects. According to Anders Lund, Ukraine Energy Efficiency Program (UKEEP) Manager, the funds are being provided through Ukreximbank, Forum Bank and OTP Bank, with the average amount of loan expected ...

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EDRD Provide Energy Efficiency Funding to Macedonia
EDRD Provide Energy Efficiency Funding to Macedonia

Monday 20th September 2010

AS part of their ongoing sustainability programme the EBRD is funding energy efficiency improvements at one of Macedonia’s largest meat processing companies with a 1.3 million euro loan. The European Bank for Reconstruction and Development (EBRD) will support MIK Sveti Nikole meat processing company with the loan to finance energy efficiency ...

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UK Government Plans Energy Efficiency Fund for SMEs
UK Government Plans Energy Efficiency Fund for SMEs

Monday 20th September 2010

A RADICAL multi-billion pound fund is planned by the UK Government to finance energy efficiency improvements for over four million small to medium UK businesses. The UK government is approaching banks as well as energy providers about how to administer the proposed programme. Managing director of British Gas Business (BGB), Kanat Emiroglu, ...

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€9 Million Energy Efficiency Grant Produces €70 Million Savings
€9 Million Energy Efficiency Grant Produces €70 Million Savings

Thursday 16th September 2010

IRISH Minister Eamon Ryan announced on Tuesday that €9 million will be made available in grants to 43 companies to reduce their energy bills by €70 million. The Minster for Communications, Energy and Natural Resources for the Irish government made the announcement at the Mansion House in Dublin, who happen to ...

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Houston's Green Office Challenge
Houston's Green Office Challenge

Thursday 16th September 2010

THE Texan city of Houston in the U.S. yesterday announced their Green Office Challenge, an initiative to get city offices to save energy with the added incentive of low-interest energy-efficiency loans. Houston Mayor Annise Parker stated: "We're probably the most over-air-conditioned city in the world...There's a lot of opportunity to ...

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India Sign $11.3 million Energy Efficiency Deal
India Sign $11.3 million Energy Efficiency Deal

Tuesday 14th September 2010

INDIA has signed a tripartite deal with the World Bank and the Small Industries Development Bank of India to promote energy efficiency in micro, small and medium enterprises. The project, expected to be completed by December 31, 2014, and signed by the Indian Finance Ministry is proposed to be implemented ...

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Budget Cuts and Energy Efficiency Money Diversion
Budget Cuts and Energy Efficiency Money Diversion

Wednesday 8th September 2010

IN AN era when governments, nationally and regionally, are busy promoting energy efficiency and renewable energy due to it obvious financial and environmental impact, it is surprising to hear that one of the more environmentally aware states in the US could be at the center of controversy over energy efficiency ...

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Unspent Millions Available for Energy Efficiency Projects
Unspent Millions Available for Energy Efficiency Projects

Friday 3rd September 2010

PLANS for energy efficiency of across the European Union (EU) could benefit from €115 million in unspent EU funds. In 2009 The European Energy Recovery programme (EERP) was launched with the aim of encouraging economic recovery through support for cross-border electricity and gas inter-connectors, offshore wind parks, and carbon capture and ...

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Farmers Get $6.5 Million in Energy Efficiency Stimulus
Farmers Get $6.5 Million in Energy Efficiency Stimulus

Friday 20th August 2010

The US Department of Agriculture (USDA) has made available $3,6m in loan guarantees plus $2,9m in grants to 61 Iowa farms in a bid to assist farmers and rural small businesses to make energy efficient improvements to their operations. The funding is available through the Rural Energy for America Program, enabling ...

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Mayors Gather to Act on Energy Efficiency
Mayors Gather to Act on Energy Efficiency

Wednesday 18th August 2010

THE U.S. Conference of Mayors (USCM), an official nonpartisan organisation of cities with populations of 30,000 or more, hosted a one-day meeting in San Francisco to discuss how cities in the U.S. State of California are using federal stimulus dollars to make their local communities energy efficient while also creating ...

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US Energy Efficiency Money Still to be Spent
US Energy Efficiency Money Still to be Spent

Monday 16th August 2010

A US government audit released on Friday reveled that most of a pot of money authorised for an energy efficiency program in last year's stimulus plan has remained untouched. The Energy Department's inspector general’s report reported that only 8.4 percent of $3.2 billion planned to help state and local governments become ...

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Hospital and Utility Company Both Save with Combined Effort
Hospital and Utility Company Both Save with Combined Effort

Tuesday 10th August 2010

PROVIDENCE St. Peter Hospital in Olympia, Washington State USA, and local utility company Puget Sound Energy have combined forces in an effort to save the hospital energy and money - with significant results. Over the past 10 years, Washington state’s largest investor-owned utility company has awarded almost $2 million in energy ...

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Energy Saving Agreement  Signed by Taiwanese Businesses
Energy Saving Agreement Signed by Taiwanese Businesses

Monday 9th August 2010

TODAY Nineteen Taiwanese business groups from telecommunication through to appliance manufacturers have signed a voluntary energy-saving program to help cut energy consumption by 5 percent over three years. The programme organisers, the Taiwanese Bureau of Energy, hope to see a reduction of 33,000 tons of CO2 emissions along with 53 million ...

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South California Offers Finance to Businesses for Energy Efficiency
South California Offers Finance to Businesses for Energy Efficiency

Wednesday 4th August 2010

BUSINESSES in Southern California can now qualify for up to $100,000 in interest-free financing to improve the energy efficiency of their buildings and then have the monthly repayments added to their current regular electric bill from Southern California Edison. The “On Bill” program will also apply to government and institutional customers, ...

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IFC to Stimulate Chinese SMEs Energy Efficiency
IFC to Stimulate Chinese SMEs Energy Efficiency

Thursday 15th July 2010

THE International Finance Corporation (IFC), a member of the World Bank Group, said this week that it is offering more help to Chinese small and medium-sized enterprises (SMEs) in support of the countries efforts towards greater energy efficiency. Dai Cunfeng, operations officer and team leader of the China Utility-Based Energy Efficiency ...

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France Provide Pakistan 46 Million Euros for Energy Efficiency
France Provide Pakistan 46 Million Euros for Energy Efficiency

Saturday 10th July 2010

FRANCE announced on Friday that it is providing a 46 million Euros loan to Pakistan for energy saving and rehabilitating a power plant to promote energy efficiency and enhance Pakistan’s supply against the backdrop of electricity outages that have been plaguing the country. Secretary Economic Affairs Division (EAD), Sibtain Fazal Halim, ...

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