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Bulgaria: Grants and Loans for Commercial Clients

Submitted by Baerbel Epp on May 8, 2012

On 14 May, the Bulgarian Ministry of Economy, Energy and Tourism is starting its “Energy Efficiency and Green Economy Programme” (EEGEP). It enables small and medium enterprises, which want to utilise renewable energies and energy-efficient measures such as solar heating and cooling, to apply for grants and loans in order to recover part of the investment costs. Whereas the EU Structural Fund Operative Programme “Competitiveness” will provide grants totalling EUR 150 million, the European Bank for Reconstruction and Development (EBRD) scheme “Bulgaria Energy Efficiency for Competitive Industry Financing Facility” (BEECIFF) will offer EUR 150 million worth in low-interest loans. 
 

Country / Region

Bulgaria

Name of programme

 

Energy Efficiency and Green Economy Programme (EEGEP)

Type of incentive

Combination of grants and loans

Eligible techno-logies

The list of eligible materials and equipment, which can be found on www.beeciff.org, also contains solar water heaters.

Applicable sectors

 

Small and medium enterprises

Amount

Applicants can cover 50% of their project costs with a grant from the Ministry of Economy, Energy and Tourism. To co-finance the second half of the investment, they can also apply for low-interest loans from the EBRD scheme “Bulgaria Energy Efficiency for Competitive Industry Financing Facility” (BEECIFF).

Maximum incentive

 

The maximum grant per project is EUR 1 million.

 

 

Require-ments for system

There are no specific system requirements.

Require-ments for installation

There are no specific installation requirements. However, there are two independent programme assistants for technical evaluation and verification issues, who will support applicants in their projects.

Finance provider

Ministry of Economy, Energy and Tourism

The loans by the European Bank for Reconstruction and Development (EBRD) are available through six commercial banks (Allianz Bank Bulgaria, DSK Bank Bulgaria, MKB Unionbank, ProCredit Bank Bulgaria, Raiffeisen Bank Bulgaria and UniCredit Bulbank).

 

Total funds

 

Up to EUR 300 million (EUR 150 million for grants, up to EUR 150 million for loans)

Funding sources

EU Structural Fund Operative Programme “Competitiveness”

Effective date

14 May 2012

Expiration date

No expiration date set.

Website

www.mi.government.bg

www.beeciff.org

 

Last review of this tabloid

April 2012

Contact

Ministry of Economy, Energy and Tourism

Director OP Competitiveness

Ms Greta Dobreva

Slavyanska Street 8, 1000 Sofia, Bulgaria

Phone: +359 2 940 7500; +395 2 940 7501
Email:
g.dobreva@mee.government.bg

Effective Date: 
May 14, 2012
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