|Energy Efficiency Financing Platform (EEFP):|
Energy Efficiency Financing Platform (EEFP) was launched as one of the initiatives under National Mission for Enhanced Energy Efficiency to provide a platform to interact with Financial Institutions (FIs) and project developers for implementation of energy efficiency projects. For capacity building of FIs, BEE signed MoU with Indian Banks’ Association for the Training Programme on Energy Efficiency Financing. The MoU was signed in 2015 and this training programme was launched in June 2015. These workshops have been held in two phases. Phase 1 included 4 ToT workshops and 2 direct training workshops. In phase 2, 22 direct training workshops for FIs on EE Financing held at different locations (17 states covered) across India. In these workshops total of 682 participants from 72 banks/NBFCs banks/NBFCs received training on EE financing. Currently, the programme of these training workshops have ended on 31st March 2019
Presently, BEE is working on conducting “Investment Bazaar for Energy Efficiency” in various states/UTs to accelerate and facilitate financing of EE projects/technologies through SDAs. Furthermore, all SDAs have also been directed to constitute FIs committees for accelerating EE financing in respective states to enable institutions to address financing issues at state level itself.
Grading of energy efficiency projects:
BEE has launched a pilot programme for uptake of financing energy efficiency projects by providing graded EE projects to FIs. Under this programme BEE shall reimburse grading cost of maximum Rs. 2.90 lakh per project for 100 EE projects that shall be graded by empanelled grading agencies and financed by empanelled FIs. This pilot project is for duration of one year. BEE has empanelled three grading agencies – CRISIL Ltd; ICRA Analytics Ltd; and, CARE Advisory Research and Training Ltd. BEE has also empanelled two financial institutions i.e. IREDA and YES Bank. Eligible borrowers are – SMEs, Large industries, OEMs, ESCOs, Central/ State government offices. Project’s energy saving should be minimum 10%, and the loan size should be in the range of Rs. 25 lakh to Rs. 1 crore. To take benefit of this reimbursement of grading cost for energy efficiency projects, borrowers are requested to contact empanelled FIs and grading agencies. Their contact details are given below: