MED-ENEC - Energy Efficiency in the Construction Sector in the Mediterranean

MED-ENEC -

External cooperation programmes - European Commission

Information:

Name of Financing Organisation: 
Environmental Protection Fund
Type of Financing Organisation: 
Environmental Fund
Country: 
Egypt
City: 
Cairo
Type of Measures/ Technologies: 
Energy Efficiency
Mitigation activities
Renewable Energy
Countries eligible for financing: 
Egypt
Eligible to: 
Projects
Type of Financing: 
Grant
Loan
Other
Financing range (EUR): 
Please check with the organisation
Description & Conditions: 
• Grants: Fund contribution up to 50% of project costs with a maximum contribution per project up to L.E. 350,000 • Soft loans: Loan accounts for 60 to 90 percent of total project cost with a maximum contribution per project up to L.E. 4 million. The loan term is maximum 5 years, including the grace period. Interest rate is 7% p.a. on the given loan. However, differentiation of interest rates could be applied according to credit risk and/or loan duration. • Interest Rate Subsidy program: Loans represents 50-60% from the projects value. EPF Contribution 360,000 L.E with an average of 165,000 L.E per project annually. Minimum project cost is 100,000 L.E and maximum cost is 10 million L.E
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