European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) was established in 1991 to help build a new, post-Cold War era in central and eastern Europe. The EBRD is committed to furthering progress towards “market-oriented economies and the promotion of private and entrepreneurial initiative”. Its mission is to develop open and sustainable market economies in countries committed to, and applying, democratic principles.
In most of the countries where the EBRD invests, the energy sector provides the best opportunities to improve energy efficiency and reduce carbon emissions. The EBRD supports projects that facilitate modernisation, efficiency improvements and the introduction of state-of-the-art technologies in power generation, combined heat and power plants (CHPs), and oil refineries.
Mrs. Svetlana Adamek acts as a project manager for the EBRD project: "Opening the market for private ESCOs in Bulgaria". The project intends to enable private energy service companies (ESCOs) to scale up their commercially financed energy efficiency projects in the public sector in Bulgaria. These investments are usually made in public buildings such as kindergartens, schools, hospitals and public offices as well as street lighting.
Specific activities of the project are to:
- support the legislator in improving the regulatory framework for more flexible use of the EnPC (energy performance contract) model in Bulgaria
- implement EnPC projects in the public sector through their design and structure as well as the preparation of the tender documentation for bankable ESCO projects that can be subsequently replicated in Bulgarian cities
- provide support and training to the Bulgarian municipalities and other key stakeholders such as local commercial banks and ESCOs in the area of EnPC tender preparation, contracting, financing, monitoring and verification, project execution and implementation