Presentation from the 2013 Atlantic Council Energy & Economic Summit expanded ministerial meeting. Presented by Riccardo Puliti, Head of Energy & Natural Resources for the European Bank for Reconstruction and Development.

1. Energy Efficiency for Economic Growth Financing industrial energy efficiency projects
Riccardo Puliti,
Head of Energy and Natural Resources
European Bank for Reconstruction and Development
Thursday, 21 November 2013

2. EBRD’s emphasis on energy efficiency
• Given the legacy of inefficient energy systems in its countries of operation, the
EBRD prioritises energy efficiency investments across all its investments.
• This prioritisation is key in moving economies towards a more sustainable model
for the production and consumption of energy.
• A low carbon economy that uses energy efficiently requires restructuring at the
company, industry and economy level.
• Improving energy efficiency can help reduce future demand growth, improve
energy security and improve affordability.
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3. EBRD’s objectives
• To increase private sector participation in energy markets, in particular in
delivering energy efficiency solutions.
• To improve regulatory and institutional framework and setting standards for
energy efficiency.
• To identify profitable energy efficiency opportunities together with our clients.
• To increase lending for energy efficiency on a local level and to small(er)
scale projects.
Support
development of
strong institutional
and regulatory
frameworks
PROJECTS
AND
INVESTMENTS
Overcome barriers
through energy
audits, market
analysis, awareness
raising and grant cofinancing.
TECHNICAL
ASSISTANCE
POLICY
DIALOGUE
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4. EBRD investments
EUR 3.7 billion
Supply Side
Energy Efficiency
EUR 5.6 billion
Demand Side
Energy Efficiency
Energy Sector
•Improve efficiency of new and existing
power, combined heat and power and
district heating plants
•Efficiency upgrades and cutting losses in
transmission and distribution systems
•Improve efficiency of refineries
Industrial Sector
•Agribusiness
•Manufacturing and Services
Buildings Sector
•Residential and Public buildings
•Property Sector
•ESCO market
Municipal
•Urban transport projects
Industrial energy efficiency
investments include loans to:
• A leading oil and gas company to
maximise energy efficiency and
reduce CO2 emissions across all its
operations
•A refinery for substantial efficiency
and environmental improvements at
its heat and power plants
•A poultry producer to invest in a
biogas plant and energy efficiency
measures
•A major Turkish cement producer
for an on-site CHP plant
•A lead and zinc producer to replace
an electric substation transformer
and automate the energy
measurement system
•A railway company to implement an
integrated Energy Management
Information System.
Note: EBRD figures January 2006 – September 2014.
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5. Industrial Energy Efficiency
Industrial Energy Efficiency
– EUR 3.1 billion invested since 2006
Energy Efficiency potential in the Industrial Sector
•Energy Audits - since 2006 EBRD channelled
€ 8.2 million of technical assistance through the
energy audit frameworks to over 220
assignments
•Direct Investments
•Sustainable Energy Finance Facilities (i.e.
TURSeff in Turkey provides local banks with
credit lines for sustainable energy investments
in the industrial and commercial sectors. EBRD
loans included support to banks for pipeline
development, loan appraisals, energy audits,
promoting the facility and training)
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6. Case study I
PKN Orlen
Refining & Support ,Poland, 2011
Facility Details
A leading Polish vertically integrated oil & gas
company and one of the leaders in the Central and
Eastern European oil & gas sector
Loan dedicated to finance substantial
environmental and energy efficiency improvement
programme at one of its heat and power plants at
the Plock refinery in central Poland
The investment will bring about a substantial
reduction in sulphur dioxide and nitrogen
compounds every year
Facility is estimated to move into the top 15% of
the most carbon efficient installations in the
Europe, saving about 142,000 tons of CO2 /year
Lender
Tenor
EUR 250 million
7 yrs
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7. Case study II
Şişecam,
Glass manufacturing, Turkey, 2012
One of the largest glass producers globally
In 2012 five plants were audited with more than
€110,000 of donor support
Investment included various EE measures,
including waste heat recovery and energy
management for operations in Turkey: €20m
Capacity expansion and EE measures like oxyfuelling and waste heat recovery systems for
operations in Bulgaria: €40m
Construction of a greenfield plant for flat glass
products in Tatarstan, Russia: €20m
Expected emission reductions: >400,000
tCO2e/year
Facility Details
Lender
Tenor
EUR 110 million
7 yrs
.
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8. Thank you
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9. Contact
Riccardo Puliti
Managing Director, Head of Energy & Natural Resources
Tel: +44 20 7338 7379
Email: pulitir@ebrd.com
Confidential – for discussion only
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10. Contact
Riccardo Puliti
Managing Director, Head of Energy & Natural Resources
Tel: +44 20 7338 7379
Email: pulitir@ebrd.com
Confidential – for discussion only
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