Street Lighting Project in Tacloban City: Financed via loan through ESCO
Energy efficiency (EE) finance, due to its small volumes, technical complexity and multiple stakeholders involved, needs public support. The ASEAN Center of Energy initiated a JAIF funded project to support the exchange among ASEAN member states on innovative energy efficiency finance mechanisms. This presentation gives an overview of EE finance mechanisms in the region, with the Development Bank of the Philippines will share their experience with an award-winning LED street lighting lending approach to Tacloban City which uses energy service providers and maintenance service contracts.