Energy Efficiency (EE) and Renewable Energy (RE)
Description
The Green Economy Financing Facility (GEFF) for Egypt addresses barriers in the market in Egypt in Energy Efficiency (EE) and Renewable Energy (RE) projects at the level of local financial institutions, strategic investors and project implementers, as well as in the legal/regulatory environment, through implementation of a 140M EUR facility in the form of credit lines to Participating Financial Institutions (“PFIs”) for on-lending to private sector borrowers (including SMEs) for sustainable energy investments.
GEFF for Egypt is providing loans for energy efficiency and small-scale renewable energy investments by private companies through a group of participating banks, with the aim of also achieving energy security. Building on the results of, and lessons learnt from, the Pilot Egypt SEFF project with the National Bank of Egypt (Budget: 30M USD, mid-December 2014-2016), the objective of the project is to support the implementation of the Facility, resulting in a pipeline and portfolio of eligible Sub-projects.
This requires demonstration of Sub-project performance and the transfer of skills to local experts and Participating Financial Institutions so that such Sub-projects may be replicated. The loans are combined with technical support to develop projects and with incentives for the successful completion of investments, thus producing a unique product aimed at promoting energy-efficient and renewable energy technology, raising awareness, reducing operating costs and improving competitiveness.
Services
Training & Capacity Building
- Provide training and capacity building to PFIs and promote awareness of the Facility among various stakeholders
Product Development
- Undertake financial analysis of various technology options
- Do a post-implementation quality check of benefits achieve
- Contribute to the establishment of the technology selector
- Arrange regular updates of the technology selector
Sub-project Eligibility Determination and Follow-up
- Assess investment compliance with GEFF eligibility criteria
- Developing a database regarding the implementation of sub-projects
- specify equipment and processes that meet your business needs
- identify additional green investment opportunities
- Convert an existing List of Eligible Materials and Equipment (“LEME”) into Technology
Operational Advisory Services
- Prepare all required Facility documents and keep them up to date during the whole duration of the Facility
- Establish an efficient electronic tracking, monitoring and reporting system to ensure the use of standard forms and accurate data
Marketing & Project Origination | Marketing and Awareness Raising Activities
- Market the Facility and develop project pipeline and pre-screen eligibility of potential subprojects;
Environmental and Social Management
- Implement generic Technical Assistance activities related to environmental and social compliance with EBRD environmental and social policies
- Review the environmental impact of the proposed project
- Conduct a quick EIA to ensure the company’s overall environmental position