VCFEE

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Venture Capital Fund for Energy Efficiency (VCFEE) 

 

Overview

To encourage equity investment in EE projects, BEE has institutionalized VCFEE in India. Venture Capital Fund for Energy Efficiency (VCFEE) is a fund to provide equity capital for energy efficiency projects. The Fund shall provide last mile equity support to specific energy efficiency projects, limited to a maximum of 15% of total equity required, through Special Purpose Vehicles or Rs. 2 crores, whichever is less. The support has been provided to only government buildings, private buildings (commercial or multi-storey residential buildings) and municipalities.  

On 7th July, 2015 the VCFEE Trust was constituted as per provisions of Indian Trust Act 1882 and trust deed was registered with jurisdictional sub-registrar Government of Delhi. To operationalize the VCFEE, Fund Manager has been identified through tendering process. VCFEE Rules got notified on 31st March 2017. 

Brouchure : Venture Capital Fund for Energy Efciency (VCFEE)

Achievements/Developments: 

  1. Notification of VCFEE Rules on 31st March, 2017.
  2. The VCFEE Trust has been constituted as per provisions of Indian Trust Act 1882 and Trust deed was registered with jurisdiction sub-Registrar Government of Delhi.(7th July'15 )

Gazette Notification(7 July 2015) : Download

Gazette Notification (31st March 2017): Download