Framework for Energy Efficient Economic Development (FEEED):

BEE has taken up several initiatives to strengthen the market for energy efficiency including innovative mechanisms to scale up financing of energy efficiency projects in India. Under the initiative of the Framework for Energy Efficient Economic Development (FEEED), BEE has created financial instruments to help financial institutions in active engagement with industries, large commercial establishments, and project implementation agencies and provide funds for energy efficiency projects across the country.

Objective

To build the market for energy efficiency it is imperative to ease the financing of energy efficiency projects through different fiscal instruments. FEEED is designed for development of fiscal instruments to promote energy efficiency in the country.

Status & Achievements

The existing Programme under FEEED are as follows:

Partial Risk Sharing Facility

Partial Risk Sharing Facility (PRSF) aims to provide partial credit guarantees to cover a share of the default risk that participating financial institutions face in extending loans to eligible Energy Efficiency sub-projects. World Bank is Implementing Agency for this programme, which is funded by Clean Technology Fund (CTF) and Global Environment Facility (GEF). Bureau of Energy Efficiency (BEE) is co-chairing the Advisory committee of PRSF and provides policy guidance to this programme for supporting financing of energy efficiency projects. SIDBI is Project Executing Agency for this programme. Each energy saving loans given by Participating Financial Institutions (PFIs) is partially guaranteed for a maximum tenure of 5 years with guarantee coverage ranging from 40-75% of the loan amount or Rs. 15 crore per project. Till date there are 15 banks/ NBFCs who are already empanelled with SIDBI for PRSF. Under PRSF 79 energy efficiency projects of USD 131.93  million (INR 85,771 Lakh) are being supported with a total guarantee coverage of USD 58.24 Mn (INR 51,044 Lakh) . For more information regarding this scheme please check their website https://prsf.sidbi.in/ 

Energy Efficiency Financing Facility (EEFF)

Under this programme, an online BEE’s Facilitation centre has been established which brings financial institutions and borrowing units on one common platform and contributes for scaling up energy efficiency financing in the country.

Facilitation Centre for BEE’s financing scheme

Bureau of Energy Efficiency (BEE) has set-up an online Facilitation Centre for encouraging and up scaling Energy Efficiency Financing in the country. The main functions of the Facilitation Centre are:

1. To collect the willingness forms from large industries /DCs under the PAT Scheme of BEE, MSMEs, Commercial and Institutional buildings, Municipalities, Corporations, and Commercial establishments to seek bank financing for investment in EE measures.
2. To spread awareness on BEE’s financing schemes among various stakeholders, preparing the list of Energy Efficient(EE) Technologies
3. To mobilize EE financing in the country through various Financial institutions.
4. To track the EE financing across the country
5. To release the list of energy efficient technologies for financing.

BEE's Facilitation Centre Achievements

Till date following achievements are made under BEE’s Facilitation Centre:

• More than 320 Willingness Forms received with project cost of more than 4307.84 crores.
• More than 193 technical evaluation reports have been prepared and submitted to FIs for financing.  
• BEE’s Facilitation Centre has provided support in financing of 14 projects having total loan amount of more than Rs. 1449 crore.
• Till date 27 Banks/NBFCs/ Public Financial Institutions are registered with BEE’s Facilitation Centre.
• BEE's Facilitation Centre IT portal was launched on 28th November 2022.
• 18 Workshops have been organized with the support of SDAs and Technology Suppliers which witnessed more than 1900 Participants from Large Industries, MSMEs, OEMS, ESCOs, Accredited Energy Auditors, BEE’s certified energy managers/ auditors and financial institutions. 

Stakeholders interested in seeking financing for implementing energy efficiency measures are requested to visit http://www.adeetie.beeindia.gov.in/  and fill up online willingness forms and technical details forms on this online Facilitation centre.

1. Brochure on Facilitation Centre(Format: PDF, Size: 761 KB, Language: English)
2. BEE’s List of Energy Efficient Technologies for Financing(Format: PDF, Size: 815 KB, Language: English)
3. Projects sanctioned under BEE’s Facilitation Centre(Format: PDF, Size: 990MB, Language: English)

Target Beneficiaries

1. Large industries, MSMEs, OEMs, ESCOs, buildings, municipalities
2. Financial institutions (Banks & NBFCs)

Partners

1. Power Finance Corporation (PFC)
2. Indian Renewable Energy Development Agency (IREDA)
3. Small Industries Development Bank of India (SIDBI)
4. State Designated Agencies

Website/Other information useful Links (if any)

PRSF: http://prsf.sidbi.in/

Facilitation centre: https://www.adeetie.beeindia.gov.in/bee-facilitation-centre 

Contact details of PO /email