Want to replace your old unreliable equipment with technologies that reduce costs and enhance productivity?
MonSEFF loans are available for modern, energy efficient equipment and renewable energy solutions.
To finance such investments, MonSEFF loans are unbeatable because they are:
Energy efficiency loans are available for a wide range of projects, including:
Renewable energy loans are available for:
MonSEFF investments must comply with the following financial and technical eligibility criteria:
Mongolian Sustainable Energy Financing Facility is a USD 25 million credit line provided by the European Bank for Reconstruction and Development (EBRD) to partner commercial banks in Mongolia.
The goal is to help fund loans to businesses wanting to invest in energy efficient and renewable energy technologies.
This helps businesses increase their sustainability and competitiveness, while protecting the environment by reducing CO2 emissions.
MonSEFF is just one of a series of Sustainable Energy Financing Facilities (SEFFs) developed by the EBRD.
To date, it has committed more than EUR 2.6 billion in 20 countries.
What is special about the EBRD’s SEFFs is that the funding comes with free advice from a team of experts, who can help advise the banks and clients on investments that pay back quickly.
The MonSEFF team is funded by the EBRD’s Shareholder Special Fund. Typically, all upgrades of old equipment will improve energy efficiency, but some will achieve much better savings than others.
So it is worth making sure that the equipment you choose is appropriate for Mongolia and will result in savings, in order to pay back the loan quickly.
MonSEFF is available because Mongolian industry needs sustainable growth. Given the energy challenges and investment needs, there is little doubt that energy prices will rise, and that firms need to do what they can to reduce their dependency of energy based on fossil fuels and make greater use of renewable energy sources.
MonSEFF represents a tremendous opportunity to help businesses become more competitive because modern energy efficient equipment does not only save energy.
It also reduces break-downs, boosts productivity, improves quality, and boosts competitiveness.
MonSEFF is supported by the EBRD’s Special Shareholder Fund, which is paying for a team of experts to provide free of charge technical assistance to the banks and their clients to identify and prioritise investments that will save energy and other costs to pay back quickly.
The MonSEFF team is made available by an Italian Engineering company D´Appolonia with extensive experience of implementing such programmes, in consortium with two Mongolian companies.
Sustainability is an Australian-based consultancy firm that is focused on sustainable solutions and Icon Consulting is an engineering company.
Benefits for the Sub-Borrowers
Benefits for the Banks:
For projects where old equipment is not being replaced,the investment maybe eligible provided the MonSEFF team can verify that the new technology is more energy efficient than the Common Market Practice (CMP) for this type of investment in Mongolia.For more information about this, please talk to our experts.
MonSEFF is targeted at the end user and currently does not provide loans to suppliers of energy efficient equipment. However, suppliers wishing to invest in equipment or processes that would significantly reduce their energy consumption are welcome to apply for a MonSEFF loan.
All projects must result in investments that reduce energy consumption by a minimum of 15% or replace current fossil fuel consumption through renewable energy. However, such investments may result in a wide range of additional benefits such as increased productivity, reliability or improved product standards.