TTR Phase II-Development of Guideline for Standard Offer Program

The TTR project intends to drive transformational, sustainable and replicable change in the areas of EE finance and policy. By treating energy savings as energy generation, the TTR project helps trigger utilities to reconsider their business model and leads GoM to review the current subsidies scheme. The initial project size, of USD 20.1 million, will allow the retrofitting of 35% or 370 building blocks of the total building stock and will be the first of 3 phases to extend the retrofitting to the total precast building stock (1077 building blocks). Total estimated investment needed for implementation amounts to approx. USD 72.8 million. Phase I is expected to deliver savings equivalent to 1,351 MWh/year which equals 96,891 tons of direct CO2 emissions, with a 10 years cumulative saving of 775,128 tCO2e.