BENEFICIARY NAME:

BANDES - Banco de Desenvolvimento do Espírito Santo

COUNTRY: Brazil

SCOPE: Development of the Energy Savings Insurance (ESI) Program (Brazil – BANDES)

DESCRIPTION: ESI is being replicated in Brazil through the development bank BANDES. Currently is in a market research phase in order to determine the sectors and technologies where the financing of energy efficiency will encounter potential. Insurance and other framework aspects are being structured in order to start deployment as soon as the insights are obtained. The program implements mechanisms to ensure energy savings in micro, small and medium state enterprises, and it focuses on replacing inefficient equipment that can generate significant reductions in energy consumption to promote lender's productivity while mitigating CO2 emissions.

SECTOR: Nonmetallic Minerals - Semiprecious Stones, Food Industry

PROGRAM: ESI

SOURCE AND AMOUNT:

• IDB/Danish Government $400,000

PROJECT TYPE: Technical Cooperation

OPERATION NUMBER: RG-X1258