|Covenant Coordinators & Supporters||Inspiring Achievements|
Energy Performance Contracting: 98 public buildings set to benefit from Covenant of Mayors project in Milan ProvinceThanks to the “Energy Efficiency Milan Covenant of Mayors project”, - designed with the financial support of the [ELENA technical assistance facility->http://www.eib.org/products/elena/index.htm] - 98 public buildings, mainly schools, located in the Province of Milan are set to benefit from energy efficiency improvement measures.
The measures will be implemented in the 16 municipalities that have signed the Covenant of Mayors. The province of Milan – which is one of the Covenant Territorial Coordinators - has awarded the implementation of this first Energy Performance Contract to a Consortium made up by four ESCOs, namely Olicar, Carbotermo, Evolve and PrimaVera.
The total contract value amounts to €13 million entirely invested by the Consortium, which will be granted a loan from the European Investment Bank, covering 75% of the investment cost.
The contract spans 15 years, guarantees 35% reduction of final energy costs, 5% of which will translate into budgetary relief for the municipalities.
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|The sole responsibility for the content of this newsletter lies with the Covenant of Mayors Office. It does not necessary reflect the opinion of the European Union. The European Commission is not responsible for any use that may be made of the information contained therein. The Covenant of Mayors was set up with financial support of the European Commission and consists of five associations of European local authorities: Energy Cities, Climate Alliance, Eurocities, CEMR, and Fedarene.
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