Fully Funded Investment Grade Audit (IGA) Opportunity in Industry Sector
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The ASEAN Centre for Energy (ACE), the implementing entity under the Green Climate Fund (GCF) and Korea Development Bank (KDB), is offering fully funded Investment Grade Audits (IGA) for selected industrial companies in Indonesia. This initiative is part of the GCF-KDB Programme, aimed at accelerating energy efficiency adoption in the industrial sector through innovative financing mechanisms.
Why Participate?
- Free Energy Efficiency Assessment: Receive a detailed technical and financial evaluation of your plant’s energy performance.
- Tailored Energy Efficiency Solutions: Identify potential areas for cost reduction and process optimisation.
- Access to GCF-KDB Financing: Eligible companies will gain preferential access to financial support, including credit guarantees and de-risking mechanisms, to implement recommended efficiency measures.
- Enhanced Competitiveness & Sustainability: Reduce operational costs and align with global sustainability goals.
What We Offer
Selected companies will receive a comprehensive IGA report, including:
- Current energy consumption analysis and performance benchmarking.
- Identification of energy-saving opportunities through technical upgrades, process improvements, and operational changes.
- Financial assessment, including cost-benefit analysis (NPV, IRR, payback period).
- Implementation roadmap with recommendations for financing through the GCF-KDB Programme.
Company Eligibility Criteria
To be eligible for this Fully Funded IGA, companies must:
- Operate in energy-intensive industries (e.g., manufacturing, textiles, chemicals, cement, pulp & paper, petrochemicals, steel, etc.).
- Provide information on annual energy consumption (electricity & fuel use).
- Share details on current equipment (e.g., type, age, efficiency of key machinery & production systems).
- Disclose basic financial performance data, including capital structure, revenue, and recent investments.
- Demonstrate a commitment to implementing recommended energy efficiency measures, with a willingness to invest a minimum capital towards project execution.
- Have the ability to inject equity or co-finance the implementation of energy-saving projects.
- Indicate a maximum amount they are willing to invest in energy efficiency improvements.
Commitment Requirement
As the IGA is provided at no cost, participating companies must commit to:
- Actively pursue financing options through the GCF-KDB Programme to implement the recommended measures.
- Engage in follow-up discussions with ACE, financial institutions, and technology providers.
- Provide post-audit reporting on the implementation progress of identified energy-saving projects.
How to Apply
Interested companies must submit an application including:
- Company Profile (Business sector, location, size of operation, and ownership structure).
- Energy Consumption Data (Annual electricity and fuel consumption, energy bills, and efficiency initiatives undertaken).
- Existing Equipment Details (Type, age, efficiency of key production systems).
- Financial Information (Investment capability, past CAPEX investments, ability to inject equity).
- Maximum Investment Commitment (Amount the company is willing to allocate for efficiency improvements).
Applications should be sent to [email protected] and [email protected] with the subject: “IGA Application for GCF-KDB Programme – [Company Name]”.
Selection & Next Steps
- Applications will be reviewed based on energy intensity, investment commitment, and project feasibility. We may require follow up documentation if necessary
- Shortlisted companies will be contacted for further discussions.
- Selected companies will receive a fully funded IGA, followed by support in financing applications through the GCF-KDB Programme, if all criteria are met.
Contact for Further Information
For any inquiries, please reach out to [email protected] or [email protected].
Don’t miss this opportunity to optimise your energy use, reduce costs, and enhance sustainability. Apply now to secure your free Investment Grade Audit!