Context, opportunities, strenghts and
challenges
0

Key local stakeholders
1
ü All the elements of the model
finalised Jan 2023
ü ESI product presented in Feb 2023
ü Currently identifying potential pilots
(Solar PV houses complex,
supermarket, hotel)
ü Official launch is expected in 3Q
2023
Implementation status

Lighting Motors Air Compressors Boilers
Refrigeration HVAC Co-generation Photovoltaic Panels
Solar water
heaters
2
Combination
of technologies

3
ü There is no regulation for surety bonds in Mongolia. Work
has been done with the regulator to establish ESI under
liability insurance.
ü Small market of technology providers.
ü Limited insurance culture
ü Market disarticulation

4
ü XacBank is incorporating ESI as credit requirement w/ differentiating
financial conditions
ü ESI model aims to help mobilise existing USD 60mn credit line from
XacBank and co-funded by GCF – already provided credit to 240 SMEs
ü Initial efforts to incorporate ESI into public procurement of equipment
assets. Tendering process includes:
• Evaluation of CAPEX + OPEX
• Energy savings insurance as part of the guarantees
• Validation entity supports public authorities in the installation and
arbitration
• Online MIS for MRV.

5
Thank you for your Attention
Daniel Magallón
Managing Director
daniel.magallon@energy-base,org
www.energy-base.org