CREDITS FOR SUSTAINABLE ENERGY SOURCES

Aim

• Utilization of renewable energy sources (sun, wind, water, biogas, etc.)
• Efficient utilization of electric power
• Environment protection
• Improvement protection
• Improvement of Macedonian energy climate

Type of credit

  Credits are approved for

• Energy efficiency, and
• Renewable energy sources  

Conditions

Credits for sustainable energy sources are approved according to following conditions:

1. Energy Efficiency

Project amount: max. US$ 500.000

Funds are approved only for new projects and with following project financial structure:

• 60% MBDP
• 10% own equity
• 30% bank's funds, and miscellaneous

  Maturity: up to 4 years

At least half of the project's benefits should come from measurable energy savings.

The energy saving technology must be well proven in the proposed application.

2. Renewable Energy Sources

Project amount: max. US$ 4.000.000

Funds are approved for projects with following financing structure:

• 60% MBDP
• 10% own equity
• 30% bank's funds, and miscellaneous

Maturity: 5 up to 10 years, with a 3 year grace period

Target groups:

• Small (mini) hydropower installations (capacity less than 10 MW),
• Biomass-based power and heat production,
• Heating projects based on surplus industrial heat or renewable heat sources,
• Solar and wind energy projects.

Commercial banks that participate in the realization of the credit line:

Komercijalna banka ad Skopje

  Pnohe/Fax: (02) 3107-107 / 3111-780

UNI banka ad Skopje

  Pnohe/Fax: (02) 3286-100 / 3286-000

TTK banka ad Skopje

  Pnohe/Fax: (02) 3236-400 / 3131-419

NLB Tutunska banka ad Skopje

  Pnohe/Fax: (02) 3105-601 / 3105-630

IK banka ad Skopje

  Pnohe/Fax: (02) 3240-800 / 3240-872

Ohridska banka ad Ohrid

  Pnohe/Fax: (046) 206-600 / 254-130

NOTE

Within the credit line there is a Guarantee scheme i.e. possibility for issuing a guarantee which can guarantee up to 70% of the credit amount for the above mentioned aims.