MEMB E R COMP ANY P RO F I L E IFU
Three public buildings in the state of Melaka - a hospital, a public office building and a bus station, representing a total of 65,000 m2 - were relaunched as now energy efficient constructions, with expected annual energy savings reaching 4.7 million KWh. Besides being in negotiation with the state of Melaka to energy- efficient renovate six additional buildings totalling 80,000 m2, it is part of DEEP’s strategy to further expand the project in the South Asian market, in particular in Indonesia, Thailand and other parts of Malaysia. The fund’s involvement in international projects reaches all the way to South America: located in the Chilean desert of Atacama, Pampa Elvira Solar is a solar heating installation developed, produced and setup by Arcon-Sunmark. The project was built to serve hot water to Codelco, the world’s largest copper mining company, and is a result of the cooperation between the Danish Climate Investment Fund and a local partner. Covering an area of almost 44,000 m2 and with a capacity of 34MW, the solar thermal plant’s nearly 3,000 solar collectors have an expected annual production of 80,000 MWh. Previously, the water utilized in the company’s mining process was heated up by a system running on diesel - since the transition to the application of Danish technology, the annual reduction of CO2 emissions is of about 15,000 tons and the plant produces 80% of the energy necessary for hot water production. Future investments in energy projects IFU has so far not been involved in so many projects in the areas of district heating and cooling, but this scenario is highly expected to change with The IFU Project Development Programme that has recently been put into practice.
The Investment Fund for Developing Countries (IFU) has extensive experience and widespread presence when it comes to promoting Danish commercial interest projects abroad. In the course of nearly 50 years, IFU has been involved in over 1,200 projects across 100 countries, enabled by IFU as well as investments managed through The Arab Investment Fund, IFU Investment Partners, Danish Agribusiness Fund and The Danish Climate Investment Fund (DCIF). The latter represents a partnership possibility for companies applying Danish technology in climate related projects in developing countries and emerging markets: the financial institution uses instruments such as share capital and loans to support the financing of, for instance, plants producing district heating or district cooling; production of technological components; or even, investments focused on the optimization of energy efficiency in buildings. Green cases IFU sealed a partnership with Danish Energy Management & Esbensen by embarking on energy-efficient renovations of public buildings in Malaysia. KIF has contributed with an investment of DKK 11 million in share capital in the jointly founded company Danish Energy Efficiency Partners (DEEP). DEEP is paving the way for the reduction of energy consumption in large building complexes in Malaysia, which historically has been very high, by offering customized solutions comprising design, retail planning, procurement and implementation, as well as financing. Building owners pay for the solution over a period of eight to ten years with a share of the savings facilitated by the implementation of energy optimization.
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