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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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$2 Million for Pacific Energy Project
$2 Million for Pacific Energy Project

Thursday 9th May 2013

SUSTAINABLE energy projects across Pacific states received a $2 million injection following an agreement signed by the Secretariat of Pacific Regional Environment Programme (SPREP) and the United Nations Development Programme (UNDP). The funding will be provided through the Small Island Developing States' Sustainable Energy Initiative and are provided by Denmark’s Government ...

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179 US Federal Buildings Report Negative Energy Efficiency
179 US Federal Buildings Report Negative Energy Efficiency

Wednesday 8th May 2013

IN the USA’s Energy Star National Building Competition, set up by the Environment Protection Agency, 179 federal buildings reported negative energy efficiency for last year, while 15 received commendations. As a prime example the Eisenhower Executive Office Building, home to most of the White House offices, saw energy consumption rise by ...

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Group Warn UK to Invest More in Energy Efficiency
Group Warn UK to Invest More in Energy Efficiency

Tuesday 7th May 2013

AN organisation that represents leading UK industries have expressed `grave concern' about the low priority the UK Government has given to energy saving, claiming that their prime initiative is doomed to fail. They state in a letter to Ed Davey, UK Secretary of State for energy and climate change, that the ...

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Azerbaijan to get Energy Efficiency Financing Boost
Azerbaijan to get Energy Efficiency Financing Boost

Friday 3rd May 2013

THE International Finance Corporation (IFC), part of the World Bank Group, is looking for proposals from Azerbaijan’s Banks to start funding energy efficiency and renewable energy projects in Azerbaijan. The IFC recently publicised that it is to provide funding to Bank Respublika to start financing such projects, particularly expanding finance to ...

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Jamaica Lifts Duty on Energy Efficiency Technology
Jamaica Lifts Duty on Energy Efficiency Technology

Thursday 2nd May 2013

THE Jamaican Observer reports that more energy efficiency and renewable energy devices can now be imported into Jamaica duty free - which will boost energy efficiency across the island. The suspension of the Common External Tariff (CET) on clean energy technology by the Council for Trade and Economic Development (COTED) will ...

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Eskom Call for More Effort on Energy Efficiency
Eskom Call for More Effort on Energy Efficiency

Wednesday 1st May 2013

SOUTH Africa’s utility Eskom has been proactive in promoting energy efficiency with a threat of load shedding due to generation under capacity, but commercial and governmental buildings are not complying. TV company eNCA’s reporter Thabang Masanabo (see video report below) drove around the streets of Johannesburg discovering that many office lights ...

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Pakistan's SMEs Save Big on Energy
Pakistan's SMEs Save Big on Energy

Tuesday 30th April 2013

PAKISTAN’S SMEs averaged a nine percent saving on their energy costs, valued at over Rs61 million, after energy saving measures were taken by 22 companies over the last 12 months. The majority of savings were made in the textile sectors in Karachi, Lahore Faisalabad and Sialkot and are the result of ...

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Africa to get Energy Efficiency Hub
Africa to get Energy Efficiency Hub

Friday 26th April 2013

THE African Development Bank (AfDB) is set to launch the Sustainable Energy for All (SE4ALL) Africa Hub initiative according to Donald Kaberuka, the Bank’s President. Kaberuka revealed the intended launch during the first Advisory Board Meeting of the Sustainable Energy for All (SE4ALL) initiative, saying the launch will take place at ...

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Bulgaria Looks to Denmark for Energy Efficiency Help
Bulgaria Looks to Denmark for Energy Efficiency Help

Thursday 25th April 2013

BULGARIA is looking to Denmark to aid them in their pursuit of energy efficiency improvements due to the Danes experience in energy saving. Realizing that the Danish Government are also willing to provide financial support for energy efficiency projects is also an attraction for Bulgaria. “Denmark will help Bulgaria boost its energy ...

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School District Saves Millions Through Energy Efficiency
School District Saves Millions Through Energy Efficiency

Wednesday 24th April 2013

THE school district in Green Bay, Wisconsin USA, has saved big time through energy efficiency measures across their buildings. The Green Bay Press Gazette reports that the savings have run into millions of dollars over the past 10 years. District officials revealed that such improvements as energy-efficient light bulbs, lighting control, ...

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Singapore's Mandatory Energy Efficiency Kicks In
Singapore's Mandatory Energy Efficiency Kicks In

Tuesday 23rd April 2013

SINGAPORE’S industrial sector mandatory energy management requirements kicked in yesterday, April 22, all part of the Republic’s aim to improve energy efficiency through their Energy Conservation Bill. Businesses who consumed large amounts of energy, 54 terajoules every year, in at least two of the years since 2010 will have to have ...

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Latin America and Caribbean get Energy Efficiency Fund
Latin America and Caribbean get Energy Efficiency Fund

Monday 22nd April 2013

THE Inter-American Development Bank (IDB) announced a $50 million Energy Efficiency Finance Facility, for companies in Latin America and the Caribbean. The energy efficiency fund will be available to those companies that invest in energy saving improvements and self-supply renewable energy projects. The IDB will provide small-scale financing for projects that ...

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IEA Report Highlights Need for Energy Efficiency
IEA Report Highlights Need for Energy Efficiency

Friday 19th April 2013

THE urgent need for improvement in energy efficiency globally has been dramatically highlighted by the International Energy Agency's (IEA) annual report released Wednesday. The rapid expansion of renewable technologies is one of the few bright spots in an otherwise bleak assessment of global progress towards low-carbon energy, the IEA said in ...

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Chu Calls for Improvement in Indian Energy Efficiency
Chu Calls for Improvement in Indian Energy Efficiency

Thursday 18th April 2013

IT is vital for India to crank up its energy efficiency, claimed US Energy Secretary Steven Chu in Delhi on Tuesday. The country sources around 80 percent of its energy via overseas supplies, hence the call for the improvement in energy efficiency to reduce dependence on expensive energy imports. Chu said to ...

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Bulgaria get Further Energy Efficiency Funding
Bulgaria get Further Energy Efficiency Funding

Wednesday 17th April 2013

BULGARIA is another Eastern European country to receive an energy efficiency funding boost in the past week from the European Bank for Reconstruction and Development (EBRD). The Bulgarian arm of Raiffeisenbank and the EBRD have signed a second line of credit under the Bulgarian Program for Energy Efficiency and Renewable Energy ...

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Slovakian Energy Efficiency Projects Funding Boost
Slovakian Energy Efficiency Projects Funding Boost

Tuesday 16th April 2013

THE Slovak Republic is getting a financial boost to energy efficiency across the country with a €15m loan from the European Bank for Reconstruction and Development (EBRD). The funds will be on-lent via Vseobecna uverova banka, a.s. (VUB) to municipal borrowers, private municipal service providers, energy service companies and housing associations ...

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Kazakhstan Needs to Focus on Energy Efficiency
Kazakhstan Needs to Focus on Energy Efficiency

Monday 15th April 2013

KAZAKHSTAN’S Energy Strategy should focus on energy efficiency said, Timur Kulibayev, chairperson of the Kazenergy Association, while meeting with representatives of national companies, and ministries. "Energy efficiency is the main and primary trend in the development of the national energy strategy. The goals for 2020 should be defined clearly. Achievement of ...

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Obama Looks to Increase Clean Energy Budget
Obama Looks to Increase Clean Energy Budget

Friday 12th April 2013

U.S. President Barack Obama is proposing a sizable increase in the countries clean energy budget, improving support for energy efficiency, clean transport, renewable power and other "green" technologies. The money for the increase will come from eliminating tax breaks and subsidies to fossil fuel producers, the oil, gas and coal industries. ...

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European Chemicals Industry SMEs get Energy Efficiency Push
European Chemicals Industry SMEs get Energy Efficiency Push

Thursday 11th April 2013

THE European Chemical Industry Council (Cefic) announced the launch of a new Europe-wide project to improve energy efficiency in the chemical industry, particularly for small and medium sized companies. The ‘Sectoral Platform in Chemicals for Energy Efficiency Excellence’ (SPiCE3) project, co-funded by the European Union (EU), aims to boost energy efficiency ...

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Store Chain Looks for 35% Energy Use Reduction
Store Chain Looks for 35% Energy Use Reduction

Wednesday 10th April 2013

UK retailer Marks and Spencer aims to be the worlds greenest store chain by reducing energy consumption by 35 percent per square foot by 2015. One strategy they are about to start is swapping out less energy efficient T5 wall lights for low energy LED in over 170 stores across the ...

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Russian Energy Efficiency Program Approved
Russian Energy Efficiency Program Approved

Tuesday 9th April 2013

RUSSIA’S been playing catch up with the rest of Europe but now Prime Minister Dmitry Medvedev has approved a state energy efficiency and energy sector program development for 2013-2020. The Russian Government Press Service revealed: "The goals of the state program are the reliable provision of fuel and energy resources to ...

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Fiji Looks to Improve Energy Efficiency and Security
Fiji Looks to Improve Energy Efficiency and Security

Monday 8th April 2013

THE Fijian Prime Minister, Voreqe Bainimarama, wants the nation to reduce it’s vulnerability by looking at ways of reducing Fiji’s fuel import bill through improved energy efficiency. A report in The Fiji Times also carries the words of the Fijian Department of Energy director, Peceli Nakavulevu, stating that twenty eight percent ...

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Thailand Sets the Example in Energy Efficiency
Thailand Sets the Example in Energy Efficiency

Friday 5th April 2013

THE energy efficiency sector in Thailand shows that a robust governmental lead aligned with access to international funding can combine to develop an energy efficient economy. This is the conclusion reached by Louise Brown and Athena Ballesteros in an article on GreenBiz.com, where they report that in the early 1990's, Thailand’s ...

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UK Industry Agree to Stretch Energy Efficiency Improvement
UK Industry Agree to Stretch Energy Efficiency Improvement

Thursday 4th April 2013

UK Energy Intensive Industries have agreed to commit to stretching energy efficiency improvement targets to 2020 as part of the voluntary Climate Change Agreements (CCA) scheme. The agreement, which started yesterday, will deliver an overall 11 percent energy efficiency improvement across all industry sectors by 2020 against agreed baselines and provide ...

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U.S. Rural and Agricultural Business get Green Funding Boost
U.S. Rural and Agricultural Business get Green Funding Boost

Wednesday 3rd April 2013

THE U.S. Department of Agriculture (USDA) has announced that they are accepting applications to provide assistance to agricultural producers and rural small businesses for energy efficiency and renewable energy projects. Funding has been made available from USDA's Rural Energy for America Program (REAP) to keep the focus carrying out its mission, ...

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