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JUNE 2008JUNE 2008
ASIA CLEAN ENERGY FORUMSIA CLEAN ENERGY FORUM
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KOREAs Financial Support SystemKOREAs Financial Support System
Fund established in 1980 Loan
: long term, low rate of interest loans for investing in
energy efficiency & conservation facilities
Tax incentives: 10% tax deduction (income tax or corporation tax) for
investments of energy efficiency & conservation facilities
Managed by MKE(government) and operated by KEMCO
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Projects of LoanProjects of Loan
Rational use of energy
Establishment of cogeneration facilities for industry or building,
installation of energy efficiency & conservation facilities andESCO projects etc.
Integrated Energy Supply
District Heating, Community Energy System, Industrial ComplexCHP (Combined Heat and Power System)
Dissemination of New & Renewable energy
Installation of equipment using alternative energy such as solar-
heat, solar-light and bio-energy etc.
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Loan Scale in 2008Loan Scale in 2008
CategoryBudget
(million USD)
Rational Use of Energy 480
Integrated Energy Supply 100
Dissemination of New & Renewable energy 130
Total 710
(1 USD 1,000 won)
Rate of interest : 3.25~6% (variable)
Repayment period : 4~15years (according to facilities or project)
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to apply to recommend
toapplyfortheloan
togivetheloan lend
agreem
ent to
notify
Applicant KEMCO
BANK
Loan ProcedureLoan Procedure
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ESCO System in KOREAESCO System in KOREA
System is in operation since 1992 ESCO should be registered before applying for a loan 156 ESCOs have registered as of 2007
But, Active ESCOs are about 30~40
Energy Performance Contracting model is almost theShared Savings model (about 98%)
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Shared savings model(ESCO: Fund raising and profit sharing)
Guaranteed savings model(ESCO: energy performance guarantee / Energy user: Fund raising)
Two main models for EPCTwo main models for EPC
ESCO Energy user
ESCO Energy user
fund raise
fund raise
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ESCOInvestment in facility
Energy user
sharing of cost savings
Financial support Policy improvement
Advertisement Market expansion
MKE & KEMCO
System of supporting ESCOSystem of supporting ESCO
MKE : Ministry of Knowledge EconomyKEMCO : Korea Energy Management Corporation
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Class 1(plant) Class 2(building) Class 1 2 Total
18 companies 47 companies 91 companies 156 companies
N
o.ofESCOs
Number of registered ESCOsNumber of registered ESCOs
1 5 9
1 6 3 1 6 31 5 9
1 6 61 5 8 1 5 6
4 5 76 9
1 6
2 8
5 5
1 0 3
0
2 0
4 0
6 0
8 0
1 0 0
1 2 0
1 4 0
1 6 0
1 8 0
' 9 2 ' 9 3 ' 9 4 ' 9 5 ' 9 6 ' 9 7 ' 9 8 ' 9 9 ' 0 0 ' 0 1 ' 0 2 ' 0 3 ' 0 4 ' 0 5 ' 0 6 ' 0 7
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ESCOFund(MUSD)
No.ofProject
s
Investment by facility (9307)Investment by facility (9307)
115
35
118 122
81
621
274 276
81239
1,771
139245 244 173
13 530
50
100
150
200
250
300
Lightin
g
Coge
neratio
n
Boile
r
P
roce
ssImprov
emen
t
Heat
Recove
ry
Heating
/Coolin
g
Power
Runnin
g
Others
-
400
800
1,200
1,600
2,000
ESCO Fund(million USD)
No. of Projects
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Waste Heat Recovery System
- Heat Recovery Boiler
- Mechanical(Thermal) Vapor Recompressor
- Heat exchanger for heating or cooling
Co-Generation (Steam + Electricity)
Process Improvement
- Naphtha Cracking Heater Coil replacement- Ejector type replacement (Steam EG)
Examples of energy conservation in Industry
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Ice thermal storage system Lighting System Co-generation system (Apartment) Heat recovery system (AHU, Steam) Building automation control unit Variable Voltage Variable Frequency
Examples of energy conservation in Building
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Energy Saving Performance (9307)Energy Saving Performance (9307)
Savings(MUSD
)
th
ousandtoe
36
77
15
78
32
9
110
37
284
148
113 108
22
291
3919
0
20
40
60
80
100
120
Lighting
Coge
neration
Boiler
Proc
essI
mprov
emen
Heat
Recovery
Heating
/Coolin
Power
Others
0
50
100
150
200
250
300
350Savings(million USD)
thousand toe
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Operating Fund (1998)- Fund for small & medium sized ESCOs
Credit loan system (1998)- Getting a credit loan from bank
Factoring system (1999) Guaranteed savings contract model (2004) Excellent ESCO (2006)
- accreditation program to superior ESCO
Policies for supporting ESCOs
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Financial support to 108 groups of energysaving facilities
Hard to estimate the effect of energy savings
Group Major Facilities
IntegratedEnergy Supply
District Heating & Cooling, Community Energy System,Combined Heat & Power for industrial complex
Energy efficientfacilities
furnace, kiln, dyeing machine, drying machine, pulper,MVR, TVR, accumulator, air handling unit, Cogeneration,building automation control unit , heat recovery boiler,
heat exchanger etc.
Certified highefficientproducts
Induction motor, pump, gas boiler, UPS, transformer,fluorescent lamp & ballast, inverter, vending machine,
fan, blower, LED traffic light etc.
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Result of Korean Governments strong will toenergy saving
Economic structure in Korea
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for more informatione-mail : [email protected] or
Thank you
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