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.