Energy Efficiency in the Industrial Sector

The overall objective of the project is to improve energy efficiency of small and medium Moroccan enterprises (SME) and significantly reduce fine GHG emissions by removing the regulatory, financing, and informational barriers that prevent activities and investments in energy efficiency and energy conservation. Specific project objectives are to: <br>
1) Reduce GHG emissions through the optimization of energy use, and contribute to global environmental benefits; <br>
2) Promote the development of energy efficiency techniques in the industrial sector by demonstrating the financial; benefits of energy savings and strengthening the incentive framework for EE;<br>
3) Reduce the country’s dependence on fossil sources of energy; and<br>
4) Reduce energy cost and thereby increase the competitiveness of Moroccan enterprises.

Financial mechanism
GEF
Status
Concept approved
Countries
Managing organisations
AGENCY FOR THE DEVELOPMENT OF RENEWABLE ENERGY AND ENERGY EFFICIENCY (ADEREE)
Implementing organisations
AfDB
Project ID
4112
GEF project type
Full size
GEF project phase
GEF - 4
GEF Cofinancing
$17.556.250
GEF project grant
$2.730.000
Executing Agencies
AGENCY FOR THE DEVELOPMENT OF RENEWABLE ENERGY AND ENERGY EFFICIENCY (ADEREE)