During 1993-1995, CCAP brokered a financing deal between three U.S. utilities and the city of Decin in the Czech Republic, where a 20 megawatt district heating plant in Decin was converted from brown coal to clean burning natural gas cogeneration. Impacts of the plant retrofit included a 31 percent reduction in GHG emissions and virtual elimination of sulfur dioxide, particulate and ash emissions associated with the plant, as well as nearly 12,000 fewer tons of lignite coal burned annually in the heavily industrialized Northern Bohemia region.

In brokering the development of the Decin Project, CCAP designed a project that not only achieved its environmental goal of reducing global GHG emissions and improving local air quality through cleaner burning fuels, but also contained a strong legal and financial structure. Issues such as security, liability, currency risk and return on investment were closely evaluated.

Furthermore, as a pioneering project under the United Nations Framework Convention on Climate Change Joint Implementation framework, this project played an important role in many elements of the Joint Implementation provisions.