TIIA acted as the financial advisor for Bechtel to test the feasibility of establishing an Energy Conservation (ESCO) industry in Egypt. TIIA developed its experience in this field from previous assignments in which we acted in the same capacity for Bechtel. The study examined the ESCO concept as applied in the US, analyzed all the legal, business related and financial aspects, identified the most suitable factors that would contribute to the success of this approach in Egypt and discussed the required modifications that are necessary to make the US ESCO concept appropriate to the Egyptian business environment. TIIA examined the local market, identified key market and financial issues, and their implications on the ESCO as a concept. The study also examined the availability of potential sources of finance, especially long term, in the local market during which it introduced the local banks and donors to the US ESCO concept and it's benefits and potential applications in Egypt. Bank loans, Leasing, bond financing, vendor financing and Islamic Banks lending policies were examined in detail.
