Lifecycle
- Effective
- Last change
Country / jurisdiction: Ethiopia · Year: 2003 · Status: In force · Level: National · Type: Voluntary
The Rural Electrification Fund has the following objectives:
To provide loan and technical services for Rural Electrification Projects carried out by private operators, cooperatives and local communities and more specifically for those projects operating on renewable energy sources;
To encourage the utilization of electricity for production and social welfare purposes in rural areas.
In order to achieve its objectives, the Fund provides:
Concessional loans to diesel (85% loan with interest of 7.5%) and renewable energy projects (95% loan with zero interest).
Capital subsidies of 20-30% on the investment costs to renewable energy project developers on a reimbursement basis.
Official source: http://faolex.fao.org/docs/pdf/eth95550.pdf
Source
https://www.iea.org/policies/5907Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.