Funding of Peruvian Energy Efficiency Improvement Projects
Policy measure

According to ECLAC (2010), Peru has received funding from several different international sources to fund energy efficiency improvement projects. The funding primarily derives from the IFC-World Bank as well as from the IDB and the German RWE bank.

Implementation

In 2008, an investment of USD 30 million in energy efficiency projects was made by a private Peruvian bank, Banco BBVA, on behalf of IFC-World Bank through loans to firms in the productive sector. Also aiming at financing energy efficiency programmes in the productive sector, COFIDE coordinated a loan of EUR 50 million from RWE bank. In the same year, the IDB financed an energy efficiency campaign for small and medium-sized enterprises with USD 1.5 million available for three years. The executing agency was the National Environment Fund (FONAM) (ECLAC, 2010).

Challenges
No identified challenges.
Outcomes

ECLAC (2010) emphasizes that the main outcome of getting involved with international donors was that Peru gained access to funding which it would otherwise not have had access to.

References

ECLAC (UN Economic Commission for Latin America and the Caribbean), 2010. Energy efficiency in Latin America and the Caribbean: situation and outlook. Chile: United Nations.