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Home > News > FE Polska Energy Efficiency Loan Facility, Regional
FE Polska Energy Efficiency Loan Facility, Regional
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Name |
FE Polska Energy Efficiency Loan Facility, Regional |
Status |
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Under Implementation |
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Funding Mechanism |
Loan fund |
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Duration |
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Objectives |
To finance the modernization of small district heating projects, many of which are purchased from industrial or municipal owners. The cost of modernization is financed out of resulting energy savings so that no significant increase in tariffs is required. |
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Sponsors |
European Commission PHARE and EBRD |
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Eligible Sectors |
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Eligible Projects/Technologies |
District heating rehabilitation and end-user improvements (pipelines, boiler houses retrofitting, metering and control, etc.) ESCOs, energy efficiency improvements in industry |
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Fund Endowment |
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EBRD EUR 15 million in long-term debt, and BRE bank would provide EUR 10 million equivalent in zloty |
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Terms |
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-Funding Instruments |
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-Interest Rates |
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-Payback |
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-Size |
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-Collateral |
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-Share of loan in project cost |
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-Loan criteria |
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Comments |
The EBRD and its co-lender, Bre bank of Warsaw , would make a long term loan facility available to finance the restructuring of small district heating companies in Poland and the Slovak Republic |
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Sources |
European Bank for Reconstruction and Development (EBRD) |
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Contact Information |
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