378 projects have been financed
loans disbursed: 204 million EUR

Encon Services International LLC History

Encon Services International LLC, Washington, D.C., and Encon Services Ltd, Sofia, Bulgaria were established in 2004 to support the growing demand for sustainable energy project development services in Eastern Europe and countries in transition.

Prior to Encon’s establishment its staff set the standard for energy efficiency project development and financing throughout EU Accession Countries, with the implementation of the U.S. Government sponsored Development Credit Authority (USAID DCA) in Bulgaria – an energy efficiency project credit guarantee facility. This successful project led to the establishment of the European Bank for Reconstruction and Development (EBRD) first sustainable energy financing facility – the Bulgaria Energy Efficiency and Renewable Energy Credit Line (BEERECL). Over 180 sustainable energy projects amounting to almost EUR 200 million have been financed under BEERECL.

Encon staff have provided technical assistance under BEERECL since 2004. This credit line has served as the model for subsequent EBRD sustainable energy finance facilities in Bosnia and Herzegovina, Kazakhstan, Macedonia, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Ukraine and other countries.

Encon’s experience with sustainable energy project development and finance resulted in successful implementation from January 2007 to December 2008 of the Renewable Energies and Energy Efficiency Facility in Montenegro funded by the Kreditanstalt für Wiederaufbau (KfW).

Since June 2011 Encon, in cooperation with Kommunalkredit Public Consulting GmbH, has worked closely with the EBRD and the Government of Bulgaria to create the Energy Efficiency and Green Economy Programme. This work includes developing all program materials, RFPs for program consultants, operational manuals, databases, energy auditors and participating bank training, marketing events, and so forth. This Programme is a joint initiative between the Bulgarian Ministry of Economy, Energy and Tourism (MoEET) and the EBRD to promote sustainable energy solutions for small to medium sized industrial enterprises.

Encon has expertise in both macro level energy policy and legislation advisory support, and micro level sustainable energy project solutions.

Encon has developed bankable sustainable energy projects for municipalities, industrial enterprises, utilities, and commercial, public and residential buildings throughout Eastern Europe. Our focus is on the countries of Albania, Bulgaria, Bosnia and Herzegovina, Macedonia, Moldova, Montenegro, Serbia, Romania, Russia, and Ukraine.

Over 300 sustainable energy projects developed by Encon have been financed by commercial Eastern European banks.

Encon is certified under ISO 9001:2008 for energy audits, project preparation and certification of energy efficiency projects for industrial and building systems, and renewable energy projects.