EU/EBRD
Energy Efficiency Finance Facility - EUEEFF
Project Eligibility
Private Bulgarian industrial companies can apply for a loan under the Facility with an eligible project.
Types of Eligible Projects
Almost any improvement or upgrade of equipment is likely to show some energy savings. The loan can be also used as a ‘stand alone’ project part of a larger general investment.
Eligible investments are investments carried out by private entities on both the energy demand and generation side contributing to the improvement of the energy performance of the industry sector which comply with the minimum energy savings and internal rate of return requirements as follows:
- The energy savings of a Sub-project, expressed as an Industry Sector Indicator (ISI) which is calculated by the Project Consultant, shall be greater than or equal to the national requirements of Bulgaria for this type of project. In the absence of a national requirement, the ISI has to be no less than 0.20.
- The minimum Internal Rate of Return (IRR) for the Sub-project, as calculated by the Consultant, has to be 10% unless otherwise agreed by EBRD and the PB.
List of examples of eligible projects for finance
Sub-loan proceeds may not be used for:
- Investments in new buildings that are already subject to energy efficiency standards set at country level;
- Investments in real estate solely with the aim of making short or medium term profit on sales;
- Financing of land purchase;
- Refinancing of existing debt of a Sub-borrower
All investments shall comply with the EBRD environmental policy Download “Environmental Exclusion and Referral list”
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