To address the multiple barriers, EBRD partnered with the Kozloduy international decommissioning special fund financed by donors (predominantly the EU), which provided a grant for the substantial technical assistance component and incentive fees to participating banks and end-borrowers. The latter are paid upon project completion and represent between 15% (EE) and 20% (RE) of the sub-loan amount. The project has been very successful in that more than 150 small-scale EE and RE projects have been financed for a total project cost of €131mln, with electricity (equivalent) savings of 875GWh and emissions reductions of 570,000tCO2 p.a. By end 2008, some 240 residential projects have been financed to refurbish 11,000 flats.