International - Country:
- Kazakhstan
- Implementing organisation:
- European Bank for Reconstruction and Development (EBRD)
- Partner institution:
- Ministry of Environment and Water Resources - Kazakhstan
- Spurt Bank (Спурт Банк)
- BMU grant:
- € 1,944,000
- Duration:
- 12/2008 till 12/2011
- Website:
- Home
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Details
Sustainable Energy Finance Facility (SEFF)
As of: April 2018
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
