This section provides examples of programmes that aimed to kick-start an ESCO industry (through, e.g. pilot ESCOs in China, a state-owned ESCO in Ukraine) or to support the growth of an existing ESCO by facilitating its access to finance (Bulgaria). The project supported the establishment of three new pilot ESCOs (or Energy Management Companies (EMCs) as they are called in China), as well as their efforts to adapt and develop Energy Performance Contracting (EPC) in the Chinese market. The project included (i) $5mln of GEF grant support to each company for development of initial projects and (ii) $21mln of IBRD loan funds, on-lent to the companies, for scaling up their business.