The Program aims to catalyze private investments in the power and district heating sectors in Europe and Central Asia, so that specific companies and the sectors in general become more productive, competitive, and sustainable. The program focuses on two major types of engagements: namely company level engagements and sector level engagements. More specifically the Program will advise (i) IFC clients and other selected companies on the feasibility of new renewable energy projects in the local markets, and by supporting rehabilitation and efficiency improvements for existing generation and other energy infrastructure assets, but also (ii) work at sector level and strive to engage with groups of companies, energy associations, public institutions, equipment suppliers and other key private and public market/sector level stakeholders, to create new market opportunities and remove specific market barriers hindering the development of efficient and sustainable power and districting heating markets. Under first type of engagements, advisory support for renewable generation and rehabilitation of existing power and district heating plants may include development/preparation/revision of: (i) RE project documentation, (ii) environmental studies, (iii) financing models, (iv) RE projects risk assessment, (v) analysis of regulatory frameworks and country resource potentials, mapping of local partners, etc. Under second type of engagements, the Program will focus on sector level activities that have the potential to promote cooperation and collective action by private sector players. In addition, it will remove barriers which would help to create a more competitive market, improve communication and cooperation with regulatory framework designers, increase awareness and adoption of good practices in project development, or advance the investment, scale and use of renewables/efficiency technologies in the power sector. The emphasis, however, will be on the sectors with the potential for multiple transactions in high potential, must-look countries where advisory service offers high value to private and public benefits. The initial focus countries where the Program expect major work and interventions include: Serbia, Bosnia and Herzegovina, Kosovo, Albania, Ukraine and Belarus.