CEU Electronic Theses and Dissertations, 2008
| Author | Anastasov, Vladimir |
|---|---|
| Title | Establishing ESCO in Macedonia: Initial obstacles and development potential for Energy Service Companies |
| Summary | In 2005, the ESCO concept was introduced in the country, through the World Bank and the Global Environment Facility “Sustainable Energy Project” for Macedonia. After the analysis of energy efficiency demand and potential obstacles to the implementation of suitable improvements, this project suggested methods proven in other country projects, to be used: providing a grant for utility-based ESCO and organizing staff training. It aimed to demonstrate the profitability of energy efficiency and thus encourage the creation of other ESCOs that would enter the market. The overall situation suggested that the ESCO concept will be successful if financing problems due to the initial mistrust of commercial banks are overcome after the first projects sponsored by the WB/GEF grant. Macedonia had introduced new energy policies that emphasized the importance of efficient energy use, reflecting its international obligations under the Energy Charter Treaty, energy consumption was rising and had to be met with expensive imports, liberalization of the energy market was to be introduced, and the relatively high energy intensity reflected the need for new energy efficient equipment or different sorts of refurbishments in various energy consuming sectors. The grant was approved by the WB based on the project’s suggestion. The actual startup of this utility-based ESCO came after the establishing of the privately owned Fonko ESCO, however, without any initial success for both ESCOs in signing energy performance contract with a client. This research examines some of the factors that have presented an obstacle to ESCO industry development. Looking over the activities of one utility-based ESCO and one private ESCO, the thesis research indicates that the main problem is not the financing but the institutional lack of commitment to the promotion of energy efficiency. |
| Supervisor | Urge-Vorsatz, Diana |
| Department | Environment Sciences and Policy MSc |
| Full text | https://www.etd.ceu.edu/2008/anastasov_vladimir.pdf |
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