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      The RERED Project aims to accelerate private sector delivery of energy efficiency services through capacity building within the fledgling energy service company (ESCO) industry. One of its targets is to attract new ESCOs to enter the market through training and awareness programmes, whilst another focuses on building capacity within banks to appraise energy efficiency sub-projects.

Technical assistance will be available to provide further energy efficiency service delivery and will include the following aspects:
   
Energy Efficiency Building Codes: Support to apply the recently developed Energy Efficiency Building Codes to two buildings through a ‘Request for Proposals’ process. Global Environment Facility support will be provided to meet the incremental costs of some of the energy efficient equipment.
Industrial benchmarking: Support will be given to the Demand Side Management Branch of Ceylon Electricity Board (CEB) to develop energy efficiency benchmarking standards for sectors such as textiles, tea etc.
Energy labelling programme: Support will be provided to CEB to set up a refrigerator testing laboratory that will help implement appliance labelling.
Monitoring and verification protocol: Support for developing generic monitoring and verification protocols and building local capacity to customise protocols to the needs of specific sectors and projects.
Capacity building for banks: Consultant assistance will be provided to commercial banks to build their knowledge base on Energy Efficiency (EE) technologies and their costs, develop sound appraisal templates for EE projects and to structure options to mitigate credit risks.
Access to credit for Energy Service Companies (ESCOS) and end-users: The RERED Project will, through participating credit institutions, make available loans for ESCOs and end-users interested in implementing EE sub-projects.
           
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