Cooperation & Networks — Organisations
Moldovan Sustainable Energy Financing Facility
- Posted on: 30.06.2014
- Moldova
- Acronym: MoSEFF
Website: Link
Contact: Tino MAHLER, Vlaicu Pircalab, 30/1, 2012 Chişinău, Moldova,
In September 2009, the first Moldovan Sustainable Energy Financing Facility (MoSEFF) was launched in order to support energy efficiency investments in Moldovan enterprises. A credit line of 42 million Euro combined with a 5-20% grant component was provided for on lending to Moldovan companies through EBRD’s partner banks. MoSEFF provides also technical assistance to the projects through Fichtner - a leading German engineering and consulting company.
MoSEFF loans are provided by local partner banks to Moldovan companies applying for financing.
The financing is bound to investments fostering sustainable energy saving and production of renewable energy. A team of technical and financial experts will assist the applicants in the assessment and optimisation of their projects. The Moldovan partner banks are responsible for the financial due diligence and the final decision on the loan disbursement.
After the implementation of the project, an independent verification consultant (Allplan, Austria) will be applied to verify successful project implementation and actual energy savings. A grant of up to 20% of the loan amount is then paid to the company.
MoSEFF loans are provided by local partner banks to Moldovan companies applying for financing.
The financing is bound to investments fostering sustainable energy saving and production of renewable energy. A team of technical and financial experts will assist the applicants in the assessment and optimisation of their projects. The Moldovan partner banks are responsible for the financial due diligence and the final decision on the loan disbursement.
After the implementation of the project, an independent verification consultant (Allplan, Austria) will be applied to verify successful project implementation and actual energy savings. A grant of up to 20% of the loan amount is then paid to the company.
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