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EU/EBRD Municipal Finance Facility - Energy Efficiency ENVIRON CONSORTIUM Ildikó Adamecz Raj

EU/EBRD Municipal Finance Facility - Energy Efficiency ENVIRON CONSORTIUM Ildikó Adamecz Raj Partner, Director Corporate Finance BDO Hungary Advisory Ltd. Budapest, June 28-29th, 2010. The MFFEE window.

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EU/EBRD Municipal Finance Facility - Energy Efficiency ENVIRON CONSORTIUM Ildikó Adamecz Raj

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  1. EU/EBRD Municipal Finance Facility - Energy Efficiency ENVIRON CONSORTIUM Ildikó Adamecz Raj Partner, Director Corporate Finance BDO Hungary Advisory Ltd. Budapest, June 28-29th, 2010.

  2. The MFFEE window Aim: supporting municipalities’ energy efficiency investments through joint loan and incentive payment Financial framework of EBRD loan component: 25 M EUR Financial framework of EU incentive component : 5 M EUR Project size: max. 5 M EUR EU incentive payment: max. 20% Participating Bank(s): Raiffeisen Bank Zrt.

  3. Beneficiaries of the MFFEE scheme • Final beneficiaries: municipalities • Borrowers: • municipalities • municipality owned companies • public utility companies • private companies providing public services • ESCO companies • Beneficiaries of the EU subsidies: asset manager of the development installation

  4. Eligible projects • 1st component: Municipality infrastructure: • district heating systems • co- and tri-generation • public transport • public utilities • public lighting • Savingsminimum: 25%.

  5. Eligible projects • 2nd component: Municipality buildings: • modernization/upgrading of heating systems • thermal insulation of buildings • replacement of doors/windows • modernization of interior lighting • renewable energy (solar and geothermal energy) Savings minimum: 30%

  6. Responsibilities of Project Consultants • Project-generation jointly with the Bank • Formulation of project pipeline • Validation of savings plans • Validation of project expenses • Validation of project returns • Preparation of business plans according to EBRD standards that will help the bank with the loan approval processes

  7. The benefits of MFFEE • Fast decision-making • The municipalities do not bear the direct costs of preparation • Own funds are not required • Pre-financing from own funds is not required • Loan repayment can be financed from savings • New equipment/new technology without high investment costs • Reduced maintenance costs

  8. Contact information: ENVIRON Consortium C/O Tebodin Hungary Kft. 1119 Budapest, Bikszádi u. 6/a. Office Phone.: +36 1 878 1853 Officefax.: +36 1 878 1854 Email:karoly.oelberg@mffee.hu; ildiko.raj@bdo.hu Honlap:http://www.mffee.hu/

  9. Thank you for your attention!

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