EU/EBRD
Energy Efficiency Finance Facility - EUEEFF

Outline of Rational Energy Utilization and Financing Plan (REUP) for Energy Efficiency Projects under Bulgaria EUEEFF

(Download as MS Word document)

• 1. Executive Summary
  • 1.1. Recommendation on the project and its eligibility
  • 1.2. Summary of borrower’s background information
  • 1.3. Summary of expected project benefits
  • 1.4. Summary of project background
  • 1.5. Results of project cash flow analysis (feasibility)
  • 1.6. Financing plan
  • 1.7. Assessment of Impact of Project on Energy Balance of Bulgaria
• 2. Project Background
  • 2.1. Project base line and problem identification
  • 2.2. Description of recommended technical measures
  • 2.3. Project investments
    • 2.3.1. Base project investments (design, equipment, installation and working capital)
    • 2.3.2. Other project investments (contingency, interest paid during construction, principal paid during construction, VAT, duties)
  • 2.4. Project cash-flows
    • 2.4.1. Operational costs breakdown (for all projects)
    • 2.4.2. Revenues such as energy and other cost savings, revenues from energy sales, Carbon Credits
  • 2.5 Activity Based Schedule (ABS) (incl. inter-alia a plan for obtaining the necessary permissions, permits and licenses)
  • 2.6 Completion Validation Review (CVR) check-list
• 3. Financing Plan
  • 3.1. Type and amount of finance required
  • 3.2. Proposed financial schemes including the project sponsor’s contribution
  • 3.3. Proposed terms and conditions of finance (loan currency, grace period, maturity, interest rate, other bank’s fees)
  • 3.4. Specific sub-loan under EBRD’s Credit Line from the Participating Bank (terms and conditions)
• 4. Project Cash Flow Analysis
  • 4.1. Project cash flow statements
  • 4.2. Project Cash flow analysis
    • 4.2.1. Statements for cash flow analysis (net cash flow, discounted net cash flow, cumulative cash flow)
    • 4.2.2. Capital Investment Decision Indicators (financial IRR, NPV, payback period)
    • 4.2.3 Projected Cash Flow Including CO2 Emission Reduction Sales
• 5. Other Project Benefits
  • 5.1. Greenhouse gas emission reduction against the baseline without the project (following a similar method as for Joint-Implementation projects)
  • 5.2. Other environmental improvements (incl. inter-alia reduced emissions of NOx, SOx, dust, waste and waste water)
  • 5.3. Productivity improvements
  • 5.4. Other benefits (inter-alia and not limited to reduced maintenance, social impact, improvement safety and work hygiene)
• 6. Compliance with Environmental, Health and Safety Standards
  • 6.1. Compliance with National Environmental Standards and with Habitats and Wild Birds Directive
  • 6.2. Compliance with National Health, Safety and Fire-Precaution Standards

• APPENDIX A. IMPLEMENTATION COSTS AND PROJECT SCHEDULE
• APPENDIX B. MONTHLY CASH FLOW AND LONG-TERM DEBT
• APPENDIX C. FINANCIAL STATEMENTS, OFFERS AND CONTRACTS FOR PROJECT IMPLEMENTATION

 

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© 2009 EnconServices International (Disclaimer) Last modified: 2009-10-19