PRGFEE

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Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE)

 

Overview

Under NMEEE, BEE has institutionalized PRGFEE for addressing the debt related issues in financing EE projects. PRGFEE is a risk sharing mechanism to provide Participating financial institutions (PFIs) with a partial coverage of risk involved in extending loans for EE projects. PRGFEE guarantees 50% of loan amount or Rs. 10 crore per projects, whichever is less. PRGFEE support has been provided to government buildings, private buildings (commercial or multi-storey residential buildings), municipalities, SMEs and industries.  This guarantee is extended to financial institutions which will extend loans to ESCOs for implementing EE projects.

PRGFEE Rules were notified in May 2016. Operations Manual for PRGFEE has also been approved. BEE has appointed a consortium of RECPDCL-REC-EESL as the Implementing Agency for PRGFEE. Till date, four FIs have been empanelled under PRGFEE which are Andhra Bank, Yes Bank, Tata Cleantech Capital Ltd. and IDFC Bank.

 

Brochure : Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE) 

 

Activities/Developments/Workshops

S. No.

Activities

Relevant Material

1.

Workshop for Financial Institutions held on 15th May, 2017

PRESS Release 

Photo Gallery

2.

Workshop on PRGFEE convened on 24th March, 2017 at Mumbai

Proceedings

3.

Roundtable on  PRGFEE with Banks, ESCOs & FIs on 3rd October, 2015 at Mumbai

Proceedings

4.

Clarification meeting with Financial Institutions regarding EOI under PRGFEE

Minutes

5.

Appointment of consortium of RECPDCL-REC-EESL as the Implementing Agency and signing of agreement with them on 16th July 2015 

 

Press Release

6.

BEE takes a pioneering step under PRGFEE & signs charter with Yes Bank 

Press Release

Proceedings

7.

Workshop on Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE) for Financial Institutions on 4th November, 2015 at New Delhi

Proceedings

Downloads

S. No.

List of Downloads

Downloads/ Relevant Material

1.

Rules for PRGFEE notified on 26th May, 2016

Download

2.

Operations Manual for empanelment of Participating Financial Institutions

Download

3.

Technical Financial Risk Evaluation

Download

4.

Financial Model of PRGFEE

Download

5.

List of projects that could be covered under PRGFEE

Download

6.

EOI for Empanelment of Participating Financial Institutions under PRGFEE

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EOI

Corrigendum

MoU

 

Concerned BEE officials for this programme :
1.Programme Manager: Ms. VineetaKanwal, Assistant Energy Economist, BEE (Email: vkanwal@beenet.in(link sends e-mail))
2. Project Engineer:(Email: mkaur@beenet.in (link sends e-mail) ; prgfee@beenet.in(link sends e-mail) )

Contact details of Implementing Agency:

Team Leader: Mr. Somya Kant, Chief Financial Officer, RECPDCL (Phone: 011-44128766; Email:somyak@recl.nic.in(link sends e-mail) )