Energy efficiency and renewable energy credit line and residential energy efficiency credit line

The Bank's involvement in the technical cooperation (TC) to support energy savings in Bulgaria is directly linked to the two credit lines, the Energy Efficiency and Renewable Energy Credit Line (EERECL) and the Residential Energy Efficiency Credit Line (REECL) and the grant from the Kozloduy International Decommissioning Support Fund (KIDSF). The Bulgarian EERECL was to support industrial EE and small renewable projects in the private sector and thus help Bulgaria achieve its strategic objectives as outlined in the 2003 energy law. The facility was to demonstrate the benefits of rational energy use, build expertise among participating banks (PBs) and sub-borrowers and increase financial intermediation targeted at energy utilisation.

Area of Evaluation: 


Thematic Cluster: 

Energy sector measures

Theme of Evaluation: 

Other Energy

Sub Cluster: 

Energy sector support

GEF Funding: 


Level of Evaluation: 



Europe and Central Asia

Type of Evaluation: 

Operation Performance Evaluation Review



Evaluation Author: 

Evaluation Department -Nicolas Mathieu

Year of Evaluation: