Under one of the component of the aforementioned project, a Revolving Loan Fund (RLF) for energy efficient lighting has been ... established in consultation with the banks leasing companies to work as lighting funding window through ecf. initially, an amount of $250,000 has been allocated for the rlf.
MOCC has tasked this project to ECF with the funding of $ 58,100/- in ...order to enable Pakistan to prepare and submit its third national communication on climate change as required under Article 12 of the UNFCCC (The United Nations Framework Convention on Climate Change). Various analysis and reports has already been shared with MOCC in this regard.
Keeping in view the success of ToT program and demand from industry in Phase - I, ECF has planned to launch the 2nd phase of NEECA ToT Program... which will comprise of 5 days training program conducted physically in all the provincial capitals of Pakistan i.e Karachi, Lahore, Peshawar, and Quetta including Islamabad. The training will include the whiteboard/presentation sessions as well as site visit/onsite training/demonstration of auditing tools. The Master training firm has been duly engaged on fulfilling all codal formalities.
In order to tap the huge potential of energy conservation and energy efficiency in various industrial sectors of Pakistan, ECF has initiated the pre-qualification ... and enlistment of such EnergyAuditing firm/ Service companies having capabilities to undertake energy audits in various industries. Number of qualifying parties has been selected whose list will shortly be displayed on NEECA’s website.
To inculcate an ideas and concept of energy efficiency and conservation from grass root level, Energy Conservation Fund is conducting energy efficiency awareness in... schools / universities. Uptill now, a total of 14 such sessions have been conducted either in educational institutions or in NEECA Building.
The ECF Board has approved the accreditation of the Energy Conservation Fund with the Green Climate Fund (GCF), aiming to become a Direct Access Entity and receive GCF readiness support. ...The Ministry of Climate Change has fully supported this initiative, forwarding the matter for the issuance of a Letter of Nomination to GCF Pakistan Board, scheduled for the second quarter of the fiscal year 2023-24. GCF funding is expected to enhance ECF's organizational capacities and facilitate micro-level energy efficiency and conservation projects, with a minimum funding of $10,000,000. This move will not only strengthen ECF but also contribute to Pakistan meeting its climate mitigation responsibilities and obtaining additional financing through carbon credits.
The successful transactions in establishing computerized tune-up centers through the Revolving Loan Fund have laid a solid foundation for transforming ECF into a Super Energy Service Company (ESCO).... In this role, ECF will serve as an intermediary between the government, facility owners, and ESCOs, facilitating large-scale implementation of energy efficiency projects. The aim is to address challenges in implementing energy savings programs due to various factors. Additionally, ECF may act as a leasing or financing company, providing ESCOs and customers with energy-efficient equipment on lease or benefit-sharing terms. Studies from different development partners indicate that the Super ESCO model is potentially viable.
The ECF Board of Directors has approved and directed a strategic restructuring of ECF to enhance its operations. In the initial phase, ten Management Trainee Officers were appointed to support the National Energy Efficiency & Conservation Authority (NEECA)/ ECF in achieving strategic goals. ...This resulted in the successful completion of energy efficiency and conservation projects, totaling $358,500. ECF plans to further strengthen its team by hiring 25-30 professionals across various sectors for the implementation of projects, including a collaboration with the World Wide Fund for Nature on a €12 Million de-carbonization project in the textile sector in Pakistan and a $150 Million energy efficiency and conservation project with the World Bank.
Currently, RLF has been established for the concessional financing of energy efficient lighting appliances/ accessories. ...However, owing to the immense potential of energy efficiency and conservation in other sectors of the economy.The RLF proposed by ECF, will be available for leasing/ financing broad range of energy efficient equipment. This RLF facility will also extend soft loans to household consumers to access energy efficient home appliances (both electric and gas based) and proposes recovery through on-bill financing in collaboration with electricity distribution companies adopting an integrated and cost effective approach.
