Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE):
PRGFEE is a risk sharing mechanism to provide commercial banks with a partial coverage of risk involved in extending loans for energy efficiency projects. Initially the support was provided to only government buildings and municipalities, however, in the twelfth plan it has been extended to cover SMEs and industries too. The guarantee will not exceed Rs. 3 crores per project or 50% of loan amount, whichever is less.
1. BEE appointed the consortium of RECPDCL-REC-EESL as the Implementing Agency and signed Implementing Agency Agreement with them on 16th July 2015
2. BEE takes a pioneering step under PRGFEE & signs charter with Yes Bank
|Press Release||PRGFEE Round Table Proceedings|
3. Empanelment of Participating Financial Institutions under “Partial Risk Guarantee Fund for Energy Efficiency”
4 .CLARIFICATION MEETING WITH FINANCIAL INSTITUTIONS REGARDING EOI UNDER THE PARTIAL RISK GUARANTEE FUND FOR ENERGY EFFICIENCY
5.Operations Manual for empanelment of Participating Financial Institutions (PFIs)
6.Roundtable on Partial Risk Guarantee Fund for Energy Efficiency with Banks, ESCOs & FIs
|Mumbai workshop proceedings on 3rd October,2015|
Concerned BEE officials for this programme :
|1. Programme Manager: Ms. Vineeta Kanwal, Assistant Energy Economist, BEE (Email: firstname.lastname@example.org)|
|2. Project Engineer: Ms. Neha Kumari(Email: email@example.com ; firstname.lastname@example.org )|
Contact details of Implementing Agency:
|Team Leader: Mr. Somya Kant, Chief Financial Officer, RECPDCL (Phone: 011-44128766; Email:email@example.com )|
Technical & Financial analysis sheet for PFIs and ESCOs.