Sustainable Energy Finance Facility (SEFF)

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As of: December 2019

Objective and activities

This project has provided incentives for private sector companies to invest in sustainable energy measures. The activities addressed both sides involved in the credit transactions. Bank officials gained expertise in assessing the risk and creditworthiness of clients that require financing for sustainable energy projects. Companies became familiar with bank requirements and learned how to develop bankable projects. The activities were accompanied by an information campaign to make relevant actors aware of the credit lines for sustainable energy projects.

State of implementation/results

Project completed
More than 200 companies in the target region trained and advised
More than 40 energy audits carried out in companies
Two local banks refinanced by EBRD

Project data

Country:

Kazakhstan

Implementing organisation:

European Bank for Reconstruction and Development (EBRD)

Partner institution(s):

Ministry of Environment and Water Resources - Kazakhstan, Spurt Bank (Спурт Банк)
Ministry of Environment and Water Resources - Kazakhstan

BMU grant:

€ 1,994,112.37

Duration:

12/2008 till 12/2011

Website(s):

ebrd.com/work-with-us/projec…