Johannesburg, South Africa, May 21, 2013 – IFC, a member of the World Bank Group, invites media to attend the inaugural International ESCO Finance Conference. The conference brings world-leading experts to South Africa to speak on the opportunities of promoting energy efficiency through the Energy Service Companies (ESCOs) financing model.
By sharing international best practice, IFC aims to increase local awareness of the ESCO model as one possible solution to current and future capacity constraints in the South African energy market. The conference is co-sponsored by the Swiss State Secretariat for Economic Affairs, SECO.
Date: 27 – 28 May 2013
Time: 08h00 – 17h00
Venue: Sandton Convention Centre, Johannesburg
Speakers:
• Steven Fawkes, an internationally renowned energy advisor to the UK government and the recipient of last year’s Energy Institute’s Individual Achievement Award.
• Nie Hailiang, general manager of Beijing Shuoren Hi-Tech Energy Technology Company and an expert advisor to the Chinese government.
• Philip Limaye, an internationally recognised energy efficiency pioneer and entrepreneur with over 40 years of experience in energy efficiency and energy services.
• John MacLean, a financial advisor who has worked in over 25 countries to develop, structure and implement energy efficiency and renewable energy programs.
• Janine L. Migden-Ostrander, a principal with the Regulatory Assistance Project in the US who has worked in public utility law for 35 years.
To RSVP or set up media interviews, please contact:
Mbali – tel: 011 463-9184 or email: mbali@siyenza.za.com
An energy service company ("ESCO") is a commercial business providing a broad range of comprehensive energy efficiency solutions to end-users including the design and implementation of an energy savings project. Besides retrofitting, the ESCO will also finance the upfront investment costs associated with project and get its return from sharing the savings with the end-user. While ESCOs have been around for a long time in Europe and the USA, there are still only a handful of companies that utilise the structure in the African continent.
About IFC
IFC, a member of the World Bank Group is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit www.ifc.org.
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In Johannesburg
Anna Koblanck
Phone: 083-2912328
Email: AKoblanck@ifc.org