Credit line from MBDP for participation in sustainable energy project through financing energy efficiency projects and renewable energy sources projects
The main aim of the Bank in supporting the energy efficiency projects and renewable energy sources projects is to make use of the renewable energy sources (the sun, wind, water, biogas etc.), the efficient use of the electricity, as well as the care for the environment and improvement of the energetic climate in the Republic of Macedonia.
| Purpose |
- energy efficiency
- renewable energy sources
|
| Loan terms |
projects for energy efficiency |
project amount |
from USD 100,000 to USD 500,000 - for new projects only |
| repayment period |
up to 6 years |
| other conditions |
at least half of the project benefit should arise from the savings in energy that is measurable; the energy savings technology should be well supported by proof provided in the draft-loan application |
| renewable energy projects |
project amount |
from USD 500,000 to USD 4,000,000 |
| repayment period |
from 5 to 10 years |
| grace period |
to 3 years |
| other conditions |
small (mini) facilities on water energy (with capacity of less than 10 MW), production of electric power and heat on the basis of biomass, projects for heating based on surplus of industrial heat or renewable heating sources, projects for energy got from the sun and wind |
| Interest rate p.a. |
from 6.33% to 8.67% p.a. annual |
| Fees |
1.0% one-off fee prior disbursement |
| Loan security |
the loan shall be secured by usual security instruments in accordance with the Bank’s Credit Policy (mortgage on real estate, pledge of movable property, bills of exchange etc.) |
| The loan shall finance up to 90% of the accounting value of the project, and the rest of min. 10% shall be own participation of the Borrower |
Contact persons
Ilija Mircevski, Senior CoordinatorPhone: (+389 2) 3213-044Fax: (+389 2) 3119-459e-mail: e-mail: