Commercial & Industrial Energy Efficiency Investments
Basically all industries are eligible, as long as they are not related to the production, marketing, distribution (or similar activity) of tobacco products, hard liquor, alcohol (other than breweries, wineries and other companies manufacturing low/medium alcoholic beverages), gambling, arms and activities listed on the EBRD Environmental Exclusion and Referral List.Here are some examples of industries where TURSEFF can generate some significant advantages:
- Food production and processing
- Hospitality
- Textiles
- Manufacturing
- Metal processing
- Machine building
- Chemicals
- Agriculture
- Waste management/processing
- And many others
- On site co-generation of heat and electricity. The cogeneration projects should comply with the CHP Directive
- Rehabilitation of boilers (enhanced controls, economizers, improved insulation, regenerative burners, automatic blow-down, etc.)
- Switch from electricity heating to fuel based direct heating
- Process improvements including enhanced controls
- Rehabilitation of steam distribution systems: installation of steam traps, increased condensate recovery, etc.
- Installation of heat recovery from processes (e.g., installation of economizers for pre-heating purposes, heat recovery for space heating, heat recovery for drying, etc.)
- Installation of absorption chillers
- Installation of Variable Speed Drives on selected electric motors
- Rehabilitation of compressed air systems (e.g., decentralisation and/or resizing of air compressors, replacing of old air compressors with new efficient ones)
- Rehabilitation of power distribution systems (e.g., replacement of old or oversized transformers, installation of capacitors to reduce reactive power consumption, etc.)
- Implementation of Energy Management Systems or Building Management Systems
- Implementation of energy saving measures in the built environment (e.g., insulation of walls, roofs and floors; installation of rolling doors; installation of new windows; installation of new heating and ventilation systems; installation of high energy efficiency lighting; etc.)
- The companies applying for a TURSEFF credit should be financially viable
- The investment must lead to a reduction in energy efficiency and the money provided by TURSEFF can only be used for those projects where energy savings are measurable
- an Energy Saving Ratio (ESR) equal or greater than 20%, as measured on an annual basis, all things being equal; or
- a reduction of greenhouse gases emissions measured in tones equivalent of CO2 equal or greater than 20%, as measured on an annual basis, all things being equal.
The minimum Internal Rate of Return (IRR), calculated only from the financial value of the potential energy savings must exceed 10%. Where the proposed energy efficiency project also results in increased production volume, the potential energy savings shall be calculated per unit of production, multiplied by the new production volume. If new production capacity resulting from the proposed investment exceeds twice the pre-investment production capacity, the amount of Sub-loan eligible for financing from the Facility Loan will be limited as follows:
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| 2 x pre-investment production capacity | x Investment Cost of the Project | |
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| post-investment production capacity |