World Bank Approves Energy Efficiency Projects in India and Tunisia
30 June 2009: The World Bank has approved two energy efficiency projects: one in India to replace centrifugal chillers; and one in Tunisia to develop a market for energy efficiency products.
The Indian project will be funded by a Global Environment Facility (GEF) grant of US$6.3 million and a grant from the Multilateral Fund for the Implementation of the Montreal Protocol of US$1 million, and seeks to reduce greenhouse gas emissions while simultaneously supporting the phase-out of consumption of ozone depleting substances (ODS) through the installation of efficient non-CFC-based centrifugal chillers.
The project in Tunisia will be funded by a US$8.5 million equivalent grant from the International Development Agency (IDA) and seeks to remove institutional and capacity-related barriers to the marketing of energy efficient products, and to establish energy services companies as the main vehicles to guarantee a sustainable energy efficiency market.[Tunisian Project][Indian Project ]