Energy Efficiency Revolving Fund (EERF)
The Energy Efficiency Revolving Fund (EERF) was launched in 2003 to stimulate investments in large-scale industrial projects by increasing the availability of debt financing for EE and RE projects while minimizing the borrowing costs to project developers.
the fund will loan to local banks at 0% interest rate and with 7-year final maturity. in return, banks lend to EE projects' owners/developers & ESCOs at max, interest rate of 4%.
For instance during 2002-2008, total investment was around 500 million USD - from which 150 million USD from government's revolving fund; and Energy Savings of 120 million USD per year.
the fund will loan to local banks at 0% interest rate and with 7-year final maturity. in return, banks lend to EE projects' owners/developers & ESCOs at max, interest rate of 4%.
For instance during 2002-2008, total investment was around 500 million USD - from which 150 million USD from government's revolving fund; and Energy Savings of 120 million USD per year.
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