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Name |
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Thailand- The Revolving Fund for Energy Conservation |
Status |
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Under implementation |
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Funding Mechanism |
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Loan fund |
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Duration |
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2002- |
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Objectives |
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To stimulate and to develop a financial market for energy efficiency and conservation projects by making funds available to commercial banks and financial institutions at 0% interest for 10 years |
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Sponsors |
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Government of Thailand , Department of Energy Development and Promotion (DEDP) |
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Eligible Sectors |
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Commercial, Industry and ESCOs |
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Eligible Projects/Technologies |
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Fund Endowment |
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Terms |
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-Funding Instruments |
Loans |
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-Interest Rates |
Maximum interest rates of 4 % |
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-Payback |
7 years |
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-Size |
Maximum size of Baht 50 million |
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-Collateral |
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-Share of loan in project cost |
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-Loan criteria |
The RFEC aims to stimulate and to develop a financial market for energy efficiency and conservation projects by making 2 billion Baht from the ENCON Fund available to commercial banks and financial institutions at 0% interest for 10 years. From this Fund, the banks can drawdown money to issue loans for EE&C projects with a maximum interest charge of 4%. With the availability of the low-interest loans (each limited to 50 million Baht), end-users, such as commercial buildings and factories, should become more willing to make investments in energy efficiency. Businesses that provide energy efficiency services and products should also benefit from this financial intermediation as the EE&C market grows larger and becomes more established. |
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Comments |
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Sources |
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Thailand Department of Alternative Energy and Efficiency |
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Contact Information |
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