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NEFCO offers small scale financing for energy saving measures in social objects i.a. schools, kindergartens, hospitals, sports facilities and street lights in Russian and Ukrainian municipalities where repayment of the loan is directly tied to the savings of the investment. In Russia the loans are provided in local currency through Russian banks.
Implemented projects
The grant based credit scheme, that preceded the Facility for Energy Saving Credits, financed 30 energy saving projects during the time period 1997-2005. Since then NEFCO has granted 16 loans for similar projects mainly in schools, day-care centres and hospitals in Northwest Russia. Some 20 new projects are currently in the pipeline for NEFCO's consideration. The total investment in these 16 projects is approximately EUR 3,5 million.
Project criteria
Typical projects approved for financing
Project monitoring and reporting to NEFCO
NEFCO's Facility for Energy Saving Projects amounts to EUR 12.5 million.
Read more: Energy Saving – Case Studies
For further information regarding NEFCO's Energy Savings Credits, please contact
Elisabet Paulig-Tönnes, Senior Manager at elisabet.paulig-tonnes@nefco.fi or +358 10 618 0642.