1 ecs – european commission support for the energy communityistanbul, 08-09 march 2011 european...
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1 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
EUROPEAN COMMISSIONSUPPORT FOR THE ENERGY COMMUNITY
Simon UzunovEnergy Community Secretariat
www.energy-community.org
Workshop on Integration and Cross Border Trade of Renewable Energy Resourcesin Regional Transmission Networks
Istanbul, 8 – 9 March 2011
2 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
CONTENTS
EC and the ENERGY COMMUNITY
- a bridge between EU and the SEE Region
WBIF management
- innovative financing mechanism (bottom-up)
WBIF implementation
- full ownership by the beneficiaries
3 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
9 Contracting Parties
Albania Bosnia and Herzegovina Croatia The former Yugoslav Republic of
Macedonia Montenegro Serbia UNMIK Moldova (May 2010) Ukraine (February 2011)
14 Participants
Austria Bulgaria Cyprus Czech Republic France Germany Helenic Republic Hungary Italy The Netherlands Romania Slovakia Slovenia United Kingdom
3 Observers
Georgia Norway Turkey
PARTIES to the TREATY (March 2011)
ENERGY COMMUNITY structure
7 in Western Balkans
4 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
WBIF management
WBIF – Western Balkans Investment Framework
WBIF was established with the aim to enhance harmonization and cooperation in investment for the Western Balkan’s socio-economic development
Basics
Innovative financing mechanism launched in December 2009 as a regional tool,
designed to pool and blend grants, loans and expertise from:
the Western Balkan countries (Albania, Croatia, Bosnia and Herzegovina, former Yugoslav Republic of Macedonia, Montenegro, Serbia and UNMIK1),
the EC (DG ELARG) in the framework of the EU pre-accession instruments (IPA),
IFI-s (EIB, EBRD, CEB2)
EU bilateral donors through the European Western Balkan Joint Fund (EWBJF);
aimed to prepare financing of a common pipeline of priority investment projects for the region in
Transport, Social Infrastructure, Private sector, Environment and Energy
1 Kosovo under UNSCR 12442 Council of Europe Development Bank
5 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
WBIF management
WBIF – Western Balkans Investment Framework
The National IPA Coordinator’s (NIPAC) and at least one IFI support is required for eligibility of a project to access the pipeline
Governance
The Steering Committee (SC)
Takes all decisions related to JGF including project approvals,
Provides strategic guidance for WBIF
composed of representatives from EC, partner IFIs and EWBJF1;
co-chared by EC (permanent) and EWBJF (rotational), meets every six months
The Project Financier’s Group (PFG)
Responsible for screening and assessing requests for financial support from JGF with objective of
establishing a pipeline of priority projects
composed of representatives from EC, partner IFIs, bilateral IFIs and donnors, meets quarterly
represents a single entry point for the projects
1 European Western Balkan Joint Fund
6 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
WBIF implementation
WBIF – Western Balkans Investment Framework
Resources
Joint Grant Facility (JGF)
EIB(10 mil)
EC(130 mil)
EBRD(10 mil)
CEB(10 mil)
EWBJF(20 mil)
Joint Landing Facility (JLF)
EIB
EBRD
CEB
Western Balkans
PRIORITY PROJECTS
IFIs, NIPACs
PROJECTS LOANS
Other IFIs (WB), other bilaterals,
national IPA,own funds
Only in the first year of its existence (2010) WBIF directly disbursed 39 million EUR of grants for 39 projects which will receive loans of 2.6 billion EUR and mobilize investments of 5.2 Billion EUR.
7 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
WBIF implementation
WBIF – Joint Grant Facility1
1 Source – Review of the WBIF prepared for the CS [December 2010]
JGF input - grants
53
13 1218
34
84
0
10
20
30
40
50
60
IPF TA IFI TA IPF MW
Nu
mb
er o
f g
ran
ts
0
10
20
30
40
50
60
70
80
90
Gra
nts
[m
illi
on
EU
R]
To date, (including the work done under the IPF in 2008 and 2009) WBIF approved 78 grant projects bringing the total grant contribution close to 136 million EUR which is expected to leverage as much as 3.2 billion EUR of loans and estimated investments of 6.8 Billion EUR.
JGF Consolidated structure
8 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
WBIF implementation
WBIF – Joint Grant Facility1
1 Source – Review of the WBIF prepared for the CS [December 2010]
To date, (including the work done under the IPF in 2008 and 2009) WBIF approved 78 grant projects bringing the total grant contribution close to 136 million EUR which is expected to leverage as much as 3.2 billion EUR of loans and estimated investments of 6.8 Billion EUR.
JGF Consolidated structure
Expected loans
12
53
13680
2100
354
0
10
20
30
40
50
60
IPF TA IFI TA IPF MW
Nu
mb
er o
f g
ran
ts
0
500
1000
1500
2000
2500
Lo
ans
[mil
lio
n E
UR
]
9 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
WBIF implementation
WBIF – Joint Grant Facility1
1 Source – Review of the WBIF prepared for the CS [December 2010]
To date, (including the work done under the IPF in 2008 and 2009) WBIF approved 78 grant projects bringing the total grant contribution close to 136 million EUR which is expected to leverage as much as 3.2 billion EUR of loans and estimated investments of 6.8 Billion EUR.
JGF Consolidated structure
Investments
1213
53
613
3600
2600
0
10
20
30
40
50
60
IPF TA IFI TA IPF MW
Nu
mb
er o
f g
ran
ts
0
500
1000
1500
2000
2500
3000
3500
4000
Fu
nd
s [m
illi
on
EU
R]
10 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
WBIF implementation
WBIF – Joint Grant Facility
Project management (bottom-up)
PROJECT DATABASE (PFG)
WBIF pipeline (SC)
NIPACsRegional programming bodies
EU delegations (IPA)National authorities (central, local)
Local stakeholdersOther IFIs (WB, bilateral)
Other initiatives still need to be integrated such as national IPA and PPF, as well as regional RCC, SEETO, REC, RENA, PEIP, DABLAS – including the Energy Community (ECS)
CEB
EIB
EBRD
DG ELARG
Bilateral PFG
Infrastructure Project Facility (IPF) – EC contribution „in kind“
11 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
WBIF implementation
WBIF – Western Balkans Investment Framework
A total of 2.150.000 EUR grant assistance for the energy sector is proposed by the WBIF-SC in December 2010
WBIF 2010
Three grants approved in 2010 in ENERGY sector (SC)
1. WB4bis-SER-ENE-05 (Government of Serbia) - energy / district heating - TA with Program Preparation (KfW) - 28.297 Mil EUR - grant proposal [500.000 EUR from EWBJF];
2. WB4bis-MKD-ENE-03 (PE „HS Zletovica“ - former Yugoslav Republic of Macedonia) - energy / hydro - Update of FS for irigation component / FS for hydro component / project economic analysis / EIA & SIA for hydro component (EIB / JBIC) - 131 Mil EUR - grant proposal [1.000.000 EUR - 500.000 from EWBJF and 500.000 from EIB];
3. WB4bis-REG-ENE-01 (OST - Albania and MEPSO - former Yugoslav Republic of Macedonia) - energy / transmission - FS and environmental and Social Impact Study - (EBRD / KfW) - 36.5 Mil EUR - grant proposal [650.000 EUR - 325.000 EUR from EWBJF and 325.000 EUR from EBRD]
12 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
SC 5
PFG 8
PFG 9 PFG 11
PFG 10
SC 4
WBIF implementation
WBIF – monitoring framework 2011
The overall amount available in the Joint Grant Facility for 2011 is estimated at a maximum of 50 Million EUR (excluding the specific allocation for the private sector)
1 Source – EC Note on WBIF-JGF-PFG work plan 2011 [November 2010]
Project proposals[10 February]
Screening Assessment and decision Submission
[23-24 June]
Timing1
The deadline for submission of project proposals to the PFG is set at least 3 weeks (screening period) before the date of the PFG meeting.
JFG should be able to provide an approval for a project within maximum 6 months.
A possibility to re-examine project proposals to be amended following SC decision.
13 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
Projects by type
0 2 4 6 8 10 12 14 16
Energy
Environment
Private Sector
Social Infrastructure
Transport
Projects by beneficiary
0
2
4
6
8
10
12
Albania Bosnia andHerzegovina
Croatia formerYugoslav
Republic ofMacedonia
Montenegro Serbia UNMIK Regional
WBIF implementation
WBIF – monitoring framework 20111
Following the CALL published on 8 December 2010 WBIF PFG received 41 project applications by the deadline of 10 February 2011 requesting a total of 100 Million EUR in grants.
1 Source – WBIF-PFG Update [February 2011]
14 ECS – European Commission support for the Energy CommunityIstanbul, 08-09 March 2011
I appreciate your attention
www.energy-community.org