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Development of the Energy Savings Insurance (ESI) Program (Peru – COFIDE)

BENEFICIARY:

COFIDE

COUNTRY: Peru

PROJECT: Development of the Energy Savings Insurance (ESI) Program (Peru – COFIDE)

DESCRIPTION: ESI in Peru is focused in the leverage of investments in energy efficiency in order to channel it in the development of micro, small and medium businesses in certain industrial sub-sectors. The program is structured with the national development bank COFIDE, a second-tier bank, and has identified potential sectors such as hotels, hospitals and clinics, food processing, fishing, textiles, among others. Technology Service Providers (TSPs) tailor solutions that improve energy efficiency across a broad spectrum of technologies that can help micro, small, and medium enterprises upgrade equipment, increase productivity, and be more competitive. Currently the Program covers technologies such as boilers, industrial refrigeration, among others.

INICIATIVE: Financial Mechanisms for Sustainable Energy - Green Finance - 

SOURCE AND AMOUNT:

  • IDB/ Danish Government $300,000

PROJECT TYPE: Technical Cooperation

OPERATION NUMBER: RG-X1258

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