Credit Programme for Energy Efficiency

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As of: December 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.

Project data

Country:

China

Implementing organisation:

KfW Entwicklungsbank

Partner institution(s):

Ministry of Finance (MOF) - China
Export-Import Bank of China

Duration:

12/2008 till 03/2014

Website(s):

kfw-entwicklungsbank.de/Inte…