The Pilot Egypt Sustainable Energy Financing Facility (EgyptSEFF) is a new credit line dedicated to energy efficiency and renewable energy investments in Egypt. The credit line was developed by the European Bank for Reconstruction and Development (EBRD) and is currently available to clients in Egypt through the National Bank of Egypt (NBE).
EgyptSEFF offers a one-stop-shop solution to the nation’s energy conscious business community to develop their sustainable energy projects.
In addition to providing multicurrency loans worth up to five million dollars with flexible repayment periods of up to five years, EgyptSEFF also offers free technical assistance and investment incentive grants (depending on the loan and project conditions) to assist Egyptian businesses in managing their energy consumption.
Building on our areas of expertise, EgyptSEFF services many sectors including, but not limited to:
- Commercial and administrative buildings
||Private legal entities, individual entrepreneurs or companies investing in energy efficiency and/or renewable energy projects in Egypt. These include small, medium and large enterprises (SMEs and LEs), including suppliers, manufacturers and installers of Renewable Energy and Energy Efficient equipment.|
|Maximum Loan Amount||USD 5 million (depending on the loan type and project conditions).*|
|Loan Currency||EGP, USD or EUR.|
|Interest Rate||3% + Central Bank of Egypt's lending rate for EGP with a minimum of 12%; 4% above 6 months Libor for USD loans; 4% above 6 months Euribor for Euro loans.|
|Repayment Period||Up to 5 years (including a grace period up to 1 year).|
|Investment Incentive Grant||