International
Climate Initiative (IKI)

Credit Programme for Energy Efficiency

As of: June 2019

Objective and activities

The project was helping ensure more efficient energy use in energy in China. KfW was offering a long-term credit line of EUR 41.8 million to the Export Import Bank of China (Exim Bank). Exim Bank was using these funds to extend long-term loans to private investors for energy efficient measures. This was meant to promote investments in energy-saving measures in Chinese industrial enterprises, such as retrofitting industrial boilers and furnaces as well as expansion of energy-efficient drive systems. The credit line was be accompanied by advisory services for Exim Bank employees on assessing investment projects in energy efficiency.

State of implementation/results

• Project completed
• Total project volume: €41,877,860 (low-interest loans including accompanying measure)
• Seven financing agreements for refinancing energy efficiency investments concluded
• Around half of the KfW loans have been implemented
• Support provided to Exim Bank employees in the ex-ante evaluation of new energy efficiency investment projects
• Support provided to Exim Bank employees in monitoring ongoing energy efficiency projects.