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.

Vikas Gaba

Vikas Gaba is the Partner, Power & Utilities, KPMG in India. He has over 14 years of experience working across the South Asia region with leading donor agencies and public sector institutes in designing power markets and policy & regulatory reforms. His expertise includes renewable energy, policy & regulatory reforms, energy efficiency, smart grid, corporate planning & governance processes, institutional capacity development, and people management as part of larger reform initiatives.

Verena Streitferdt

Verena has over 10 years of work and research experience in the field of policy advisory/project development especially on the topics of energy efficiency: policy & finance, energy/climate policy and urban governance in the South East Asian context. In her PhD research, she explored how far the public sector can assist to optimize energy efficiency finance initiatives by analyzing in-depth two energy efficiency finance programs, one focused on ESCOs and one on banks.

Tetsuya Maekawa

Tetsuya Maekawa served JAESCO, which just celebrated its 20th anniversary in May 2019, as one of the board members for several years, and now he is playing his role of the head of the International Affairs Committee of JAESCO. He joined TEPCO in 1979, since then he has been working in the demand side of electricity, or in the field of energy efficiency. Based on his technical background of building engineering, he joined various projects to promote the energy efficiency of buildings.

Suwon Rim

Suwon Rim completed her Bachelor’s degree at the University of Sydney, and received her Master’s degree in International Cooperation (Global Affairs & Policy) at the Yonsei Graduate School of International Studies. She is mainly engaged in the management of renewable energy and energy efficiency cooperation programs in Southeast Asia, supporting the implementation and organization of various demonstration projects, feasibility studies, energy audits and capacity building workshops.

Ruth Yu-Owen

Ms. Ruth Yu-Owen has almost 20 years of experience in the field of renewable energy, developing wind power, hydropower, and solar projects. Ms. Yu-Owen is the President of the Upgrade Energy Philippines, Inc., a joint venture between her own company PhilCarbon, Inc. and Upgrade Belgium. Together, they offer renewable energy and energy efficiency expertise from Engineering Procurement Construction (EPC) to owning a portfolio of commercial and industrial solar roof, waste heat recovery and other energy efficiency solutions.