Lithuanian Energy Efficiency Housing Pilot Project (EEHPP)

 Name

Lithuanian Energy Efficiency Housing Pilot Project (EEHPP)

Status

Active

Funding Mechanism

Loan fund

Duration

1996-2001

The 5-year pilot program is completed; however, the Lithuanian government has taken the repaid loans and transformed the program into a revolving fund starting in January 2001.

Objectives

To facilitate energy efficiency improvements in the residential and public sectors

Sponsors

Lithuanian government, World Bank, The Danish Ministry of Housing and Urban Affairs, the Dutch Ministry of Economics

Eligible Sectors

Homeowners associations, homeowners, and municipalities

Eligible Projects/Technologies

New heat substation, window replacement, roof insulation, and wall insulation

Fund Endowment

US$ 10 million from the World Bank of which US$ 5.2 were allocated to homeowners to implement energy efficiency in the residential sector and US$ 4.7 to municipalities to invest in energy efficiency measures and renovations of public schools. Lithuanian Govt. agreed to provide 30 percent matching funds for the project

Terms

-Funding Instruments

-Interest Rates

-Payback

-Size

-Collateral

-Share of loan in project cost

-Loan criteria

Comments

Objectives: 1) Develop maintenance of housing infrastructure by stimulating private initiative; 2) Achieve greater energy efficiency through demand side activities; 3) Develop private sector; 4) Introduce long-term affordable financing schemes.

Sources

World Bank

Contact Information

Lithuanian Housing and Urban Development Foundation, office@hudf.lt

Eduardas Kazakevicius e.kazakevicius@hudf.lt