Within the Energy Efficiency Program in the Industrial Sector (Programme Efficacité Energétique dans le Secteur Industriel) managed by the Wold Bank and financed by the Global Environment Facility (GEF), the National Agency for Energy Efficiency (ANME) has entrusted SOTUGAR with administering the Guarantee Fund for Energy Efficiency (FGEE). The FGEE is designed to guarantee medium-term loans granted by credit institutions to industrial undertakings or Energy Service Companies (ESCOs) for funding energy efficiency projets.
1-Undertakings eligible for the guarantee :
Eligible for the guarantee granted by the FGEE are medium-sized and large industrial undertakings
- Being active in the industrial sector for at least two years,
- Wishing to carry out energy efficiency projects though ESCOs, the total cost of which is greater than or equal to fifty (50) thousand dinars and with a payback period of less than three years.
2-Forms and Intervention methods of the FGEE:
- Refinancing of one half of the loans and assumption of treasury interest on half the outstanding principal amounts of eligible loans, in accordance with the agreed apportioning of coverage of the loans deemed irrecoverable between the FGEE and the credit institution, upon initiating recovery proceedings against the debtor.
- Assumption of 75 % of the outstanding loan amounts and the cost of judicial proceedings initiated for the recovery of the loan. Indemnification of final losses will be paid no later than three years starting from the date of refinancing (disbursement of the advance).