Industrial Energy Efficiency in Ecuador (IEEE)
Policy measure

According to GEF (2011), the project Industrial Energy Efficiency in Ecuador (IEEE) is to be funded by the GEF Trust Fund (GEFTF) jointly with the United Nations Industrial Development Organization (UNIDO) as the implementing agency. The objective of the project is to “promote energy efficiency improvements in the Ecuadorian industry through the development of national energy management standards and application of systems optimization.”


The total costs of the project have been estimated at USD 5,349,703, of which USD 915.000 is GEF financing and the remaining amount is co-financing. The main sources of co-financing derive from national banks providing loans for industries (45.1 percent) and the Ministry of Electricity and Renewable Energy (MEER) (38.3 percent).

Implementation

The project consists of 5 components:

  • Analysis of industrial EE institutional and regulatory arrangements and development of tools to facilitate the adoption of EE measures (USD 399,175).

  • National programme to implement ISO compatible energy management standards (USD 1,354,700).

  • Capacity building for personnel involved in EE from the public and private sectors in the areas of energy management and system optimization, and energy efficiency promotion (USD 828,138).

  • Demonstrated and measured energy savings in industrial entities through the application of system assessment techniques by trained experts, leveraging additional energy savings as more industrial facilities will seek the implementation of systems optimization (USD 2,191,665).

  • Project management (USD 576,025).

Challenges
No identified challenges.
Outcomes

It is expected that the project will result in direct savings of 3.66 USD/ tCO2e by 2023.

References

GEF (Global Environmental Facility), 2011. Ecuador: Industrial Energy Efficiency in Ecuador. Washington, DC. Available at: www.thegef.org/gef/sites/thegef.org/files/documents/document/05-05-2011%20Council%20document_1.pdf.