Scheme for Financing Renewable Projects - soft loans

Country / jurisdiction: Pakistan · Year: 2009 · Status: In force · Level: National · Type: Voluntary

The scheme provides concessional financing for large and small scale renewable energy projects including solar, wind, hydro, biogas, bio-fuels, bagasse cogeneration and geothermal.

Ficing is provided on a first come first served basis for projects achieving financial closure up-to June 30, 2019. The State Bank shall provide refice to each bank/ Development Finance Institutions (DFIs) on service charge (mark-up) basis.

Projects between 1 MW and 50MW:

Ficing will be available to developers who have completed prescribed requirements of Alternative Energy Development Board (AEDB) and other relevant Government Departments

State Bank of Pakistan will provided a maximum refice of PKR 6 billion (USD 57.3 milion) to the banks/DFIs for a single project.

Service charges and rates for end users have been fixed as per the following:

Tenor: up to 12 years

Rate of Refice: 2%

Bank’s/DFIs’ Spread: 4%

End User’s Rate: 6%

Projects between 0.004 MW to 1 MW

Ficing will be available to developers who have completed prescribed requirements of Alternative Energy Development Board (AEDB) and other relevant Government Departments

Service charges and rates for end users have been fixed as per the following:

Tenor: up to 10 years

Rate of Refice: 2%

Bank’s/DFIs’ Spread: 4%

End User’s Rate: 6%

Official source: http://www.sbp.org.pk/smefd/circulars/2016/C3.htm