AN ORGANISATIONAL REVIEW AND SYSTEMS AUDIT OF THE MOLDOVA ENERGY EFFICIENCY FUND
The Agency for Energy Efficiency has the role to support the government in developing policies and programs to reduce energy consumption and promote investments in renewable energy. The Energy Efficiency Fund has the main objective to promote and support investments projects for energy efficiency and renewable energy.
The Swedish support was SEK 20 600 000 to Moldova for financing specific activities and contracts. The Ministry of Economy had requested to use these funds for further capacity building of the EEF.
The support from Sweden is coordinated with the EU funded Sector Policy Support Program (budget support) and related technical assistance. EU and Sweden had expressed concern over the capacity of the EEF to ensure proper use of funds committed to it.
As part of the support, an organisational review was conducted including a systems audit of the EEF, covering all aspects of the authority’s role and mandate, in a way that is useful for EEF as part of its organizational development. The review also to provided recommendations to the Embassy of Sweden in Chisinau on how future support could be designed and possibly broadened.
Background -The Energy Efficiency Fund
The Energy Efficiency Fund became operational in 2012, with the objective to promote and support investments. It is an independent legal entity, governed by a nine-member Board of Administration (Board). The Board is supported by an Investment Committee, (IC), consisting of three Board members. EEF operations are managed by an Executive Director and a staff of currently 16 persons. The EEF is supported by a Fund Administrator, contracted separately by the Ministry of Economy.
In carrying out its core task, EEF has organised several rounds of Calls for Proposals, for investments in energy efficiency and renewable energy. These calls have addressed both public and private sector. EEF and the Fund Administrator then review and prepare the proposals for further prioritisation by the Investment Committee, before the Board decide on investment grants to selected projects. EEF also assists the beneficiaries with technical assistance during project implementation, and monitors results.
Purpose and scope of the assignment
The purpose of the review was to assess whether EFF has competence, capacity and routines for managing its activities and reach its goals. It also provided the Embassy with a basis for how further institution- and capacity-building support to EEF could be designed, in a way that is useful to EEF in its continued organizational development.