EU/EBRD
Energy Efficiency Finance Facility - EUEEFF
Bulgarian industry will receive EUR 20 million during 30 months
The European Bank for Reconstruction and Development (EBRD) has established a credit facility
whereby the EBRD has extended a loan to Participating Banks (PBs) and PBs will provide loans to private sector companies for industrial energy efficiency projects. The Facility is designed to overcome current market imperfections which impede implementation of industrial energy efficiency projects, which currently exist both at the level of lenders (banks), strategic investors and project implementers, as well as in the regulatory environment. Individual projects can be small and difficult to appraise and hence effective implementation/financing mechanisms are rare. In order to overcome the various barriers to such investments, the Facility is complemented by European Commission grant funding (“the Grant”). The Grant will fund technical assistance (TA) through engagement of consultancy services, incentives to sub-borrowers after completion of the sub-projects, and administration fees to PBs. The Facility is developed in the context of the Agreement between European Community and
the EBRD to co-operate and co-finance projects and programmes in beneficiary countries under the Energy Efficiency Finance Facility 2006 (EUEEFF 2006).
The Facility – Bulgarian EU Energy Efficiency Finance Facility (EUEEFF) – has been established initially with 2 Participating Banks:
- UniCredit Bulbank (UCB) with a a credit line of EUR 15 million
- United Bulgarian Bank (UBB) with a credit line of EUR 5 million
The EUEEFF facility has a total amount of EUR 20 million.
The project will be running till the end of 2009 and its estimated number of disbursed loans is for about 40 projects, with a maximum amount of an individual sub-loan EUR 2, 5 million.
Progrаmmе project mangers are on hand to offer additional information. office@enconservices.com
Address: Rakovski 135 entr. 2, 1000 Sofia, Tel +359 (2) 9880052; +359 (2) 9880053
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