|
Name |
|
Status |
|
|
|
|
Active |
|
|
Funding Mechanism |
|
|
|
|
|
|
|
Duration |
1999-2000 |
|
|
|
|
|
|
Objectives |
To establish sustainable commercial financing for energy efficiency projects in Bulgaria. |
|
|
|
|
|
|
Sponsors |
United Bulgaria Bank (UBB), USAID Development Credit Bank Authority (DCA), USAID/Bulgaria Mission and Electrotek Concepts, Inc. |
|
|
|
|
|
|
Eligible Sectors |
Municipalities and Industry |
|
|
|
|
|
|
Eligible Projects/Technologies |
Industrial Projects: Retrofitting and renovation of heating systems; retroffiting and renovation of power systems; CHP and waste heat and process waste utilization; replacement of outdated, energy intensive equipment; renewable energy.
Muncipal Projects: Street lighting; central heating systems in schools, kindergartens and other public buildings; water supply grid; public transportation.
Please see following link for more specific information of eligible technologies: Eligible Projects |
|
|
|
|
|
|
Fund Endowment |
An eleven year US$ 10 million loan facility held up by UBB with a 50% principal guarantee backed by the US Treasury. |
|
|
|
|
|
|
Terms |
Interest rates established by UBB. Payback terms established by UBB on a project - by - project basis (currently 3-5 years). |
|
|
-Funding Instruments |
Development Credit Authority (DCA) - Levs |
|
-Interest Rates |
Established by UBB (commercial rates for Bulgaria ) |
|
-Payback |
Established by UBB on a project-by-project basis (currently as long as 3-5 years) |
|
-Size |
US$ 150,000 to US$ 1 million. |
|
-Collateral |
Determined by UBB requirements |
|
-Share of loan in project cost |
Determined by UBB (nominally 70% of the project) |
|
-Loan criteria |
Established by DCA and UBB requirements |
|
|
|
|
|
Comments |
|
|
|
|
|
|
|
Sources |
|
|
|
|
|
|
Contact Information |
Electrotek Concepts - USA
2111 Wilson Boulevard, Ste. 323
Arlington, VA 22201
Tel: (703) 351-4492 ext. 125
Fax: (703) 351-4495
Email: info@electrotek.com |
Electrotek Bulgaria
3, Vassil Levski Boulevard, Ste. 323
1000 Sofia, Bulgaria
Tel: (359-2) 987-1903
Email: meep@electrotek.com |
