Lifecycle
- Effective
- Last change
Country / jurisdiction: Korea · Year: 1980 · Status: In force · Level: National · Type: Voluntary
This program offers long-term and low-interest rate loans to cover part of the investments in energy saving facilities in order to conserve energy and reduce GHG emission.
- Eligibility : Entities who want to install energy saving facilities such as waste heat power generation facilities, replacement facilities of obsolete boilers and high-efficiency LED lights are eligible for this program.
- Scope : All of the construction costs including facilities (secondhand facilities are not applicable) and material costs, labor expenses, overhead expenses and general administrative expenses are covered by this program.
- Terms : Quarterly adjustable interest rate linked to average rate of return of 3 year negotiable Korean treasury bond. Payable in installments in 5 years with a three-year grace period (Payable in installments in 7 years with a three-year grace period for ESCO), Maximum 15 billion won per entity (Maximum 30 billion won for ESCO)
Official source: http://www.kemco.or.kr/web/kem_home_new/ener_efficiency/industry_03.asp
Source
https://www.iea.org/policies/529Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.