Home > News > Latvia Energy Efficiency Fund I
Latvia Energy Efficiency Fund I
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Name |
Latvia Energy Efficiency Fund I |
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Active |
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Funding Mechanism |
Loan fund |
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Duration |
1998-2008 |
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Objectives |
To provide low interest loans for small and medium sized energy efficiency projects |
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Sponsors |
EU Commission, PHARE, Latvian Ministry of Economics, Latvian Development Agency |
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Eligible Sectors |
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Municipalities and private companies |
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Eligible Projects/Technologies |
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Food industry technology and district heating systems reconstruction and replacement |
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Fund Endowment |
EUR€ 1 million from PHARE |
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Terms |
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-Funding Instruments |
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Loans (80% from PHARE and 20 % from the commercial bank) |
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-Interest Rates |
7.25-8.75% |
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-Payback |
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-Size |
Minimum is 30,000 Euro and Maximum is 400,000 Euro |
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-Collateral |
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-Share of loan in project cost |
70% |
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-Loan criteria |
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Comments |
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Sources |
Latvian Investment and Development Agency |
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Contact Information |
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