EnCon Services International LLC and EnCon Services Ltd were established, respectively, in Washington and in Sofia, Bulgaria in 2004 to take advantage of the growing opportunities for sustainable energy project development, especially in Eastern European, former USSR and other countries with economies in transition.
Prior to the establishment of EnCon, its staff was responsible for setting the standard for energy efficiency project development and financing throughout European Union (EU) Accession Countries, with the implementation of the U.S. Government sponsored Development Credit Authority in Bulgaria – a credit guarantee facility for energy efficiency project development. This successful program led to the establishment of the EBRD’s first sustainable energy financing facility – the Bulgaria Energy Efficiency and Renewable Energy Credit Line - for which EnCon is currently providing technical assistance, and which has served as the model for subsequent sustainable energy finance facilities of EBRD in Georgia, Slovakia, Romania, and Ukraine.
EnCon’s experience with sustainable energy project financing resulted in the award by KfW of the Renewable Energies and Energy Efficiency Facility in Montenegro that EnCon implemented from January 2007 through December 2008. In January 2008, EBRD awarded EnCon a contract to initiate a second credit line facility in Bulgaria – the European Union Energy Efficiency Finance Facility (EUEEFF).
In January 2009, EnCon was awarded a contract to implement EBRD’s Western Balkan Sustainable Energy Credit Line Facility (WeBSECLF) in Serbia, Bosnia and Herzegovina, Montenegro and Macedonia.
EnCon staff have worked in over 300 municipalities, industrial enterprises and utilities throughout the region to develop and implement energy efficiency district heating, co-generation and renewable energy projects, including, Bosnia and Herzegovina, Czech Republic, Hungary, Lithuania, Macedonia, Moldova, Montenegro, Serbia, Slovakia, Poland, Romania, Ukraine, Russia, and most extensively in Bulgaria.
In addition to extensive activity in transition countries and new EU member states, EnCon is actively involved in sustainable energy development in the U.S. EnCon staff have been involved in distributed generation and smart grid activities since 2003, before such topics came to the forefront, including aggregation and control of 50+ MW of emergency generators in New York City for participation in demand response and ancillary services programs offered by the NYISO. Recently, EnCon has established a partnership with a commercial real estate developer and a venture capital group to develop sustainable energy industrial parks.
AREAS OF EXPERTISE
EnCon’s expertise is focused in five major areas:
Energy efficiency and renewable energy marketing to international and local financial institutions and structuring of project financing;
Renewable energy project development and financing with focus on biomass, landfill gas, small hydropower, wind energy, and solar projects;
Industrial and municipal energy efficiency project development and financing;
District heating system rehabilitation and/or modernization; and
Co-generation project development.
EnCon staff have worked with over 300 municipalities, industrial enterprises and utilities throughout the Eastern European region including Czech Republic, Hungary, Lithuania, Macedonia, Serbia, Bosnia and Herzegovina, Montenegro, Slovakia, Poland, Romania, Ukraine, Russia, Moldova, and most extensively in Bulgaria, where EnCon staff developed over 200 business plans for private and municipal energy efficiency and renewable energy projects. EnCon has implemented programs to measure wind resource and landfill methane gas resources in Bulgaria and Ukraine.
EnCon has a professional staff of both full-time and part-time engineers, economists, and financial analysts that can quickly be applied to any task. EnCon also maintains an extensive network of independent consultants and academic professionals throughout the US and many countries of Central and Eastern Europe. EnCon’s staff members are recognized as leading experts in energy infrastructure, energy efficiency and renewable energy project development, district heating system rehabilitation, and co-generation. Their comprehensive project development approach allows us to quickly identify bankable projects that overcome many of the economic, financial, institutional, ownership and social problems that often undermine finance and implementation of sustainable energy infrastructure projects. They are keenly aware of the importance of these projects on municipal budgets and cash flow, the enormous social impact they have on the local community, and the strategic benefit they provide to countries striving to meet European Union energy and environmental directives and goals.
EnCon brings together an experienced staff with the necessary experience and skills to:
Assess legal structure, ownership, management and market position of project sponsors;
Evaluate creditworthiness of project sponsors;
Analyze operating revenues and expenses including energy and fuel costs;
Develop comprehensive financing schemes and adequate investment security packages;
Perform sophisticated project risk analysis and develop risk mitigation strategies;
Develop business plans for bankable projects;
Support project sponsors throughout negotiations with lenders and investors and the loan application/approval process;
Complete environmental due diligence and CO2 emissions analysis; and
Provide engineering support during the project implementation, including procurement and project management.
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