Transcript New and Renewable Energy Financing, Development Bank

DEVELOPMENT BANK OF
THE PHILIPPINES
New & Renewable Energy
Financing Program (NREFP)
7/16/2015
PRIMARY OBJECTIVE
To provide financial support to
project developers and end-users
pursuing government’s rural
electrification and socio-economic
development programs
via the use of alternative
environment friendly technologies
in power generation
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How to apply
for a
New and Renewable Energy
Project
(NREP)
at DBP?
TECHNOLOGIES COVERED BY NREFP
Wind
Solar
Solar PV
for
Telecoms
Hydro
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Biomass
COMMON LOAN CONDITIONS
FUND SOURCES
Applicable ODA funds such as EISCP II,
JEXIM IV, KFW-IPCLP
DBP funds for projects/project components
which cannot be accommodated under
existing ODA funds
LOAN TERM
Allowable repayment term of the fund source.
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COMMON LOAN CONDITIONS
INTEREST RATE
DBP Funds: Prevailing interest rate with the
gross receipt tax (GRT) for the account of the
borrower
ODA Funds: Applicable interest rate depending
on fund source
APPLICATION FEE
One half of 1% of loan amount (minimum
PhP5000)
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COMMON LOAN CONDITIONS
COLLATERAL REQUIREMENTS
The loan shall be fully secured by assets acquired out of the
loan proceeds and other applicable securities specific to the
projects such as but not limited to:
Real estate mortgage
Chattel mortgage
Loan guarantee
Internal revenue allotment (IRA) for LGUs
Assignment of Power Purchase Agreement (PPA)
Assignment of insurance cover
Assignment of suppliers buy-back guarantee
Joint & several signatures (JSS) of principal stockholders
in case of corporation and key officers for cooperatives and
NGOs
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COMMON LOAN CONDITIONS
EQUITY
DBP shall finance up to a maximum of
75% of total project cost. The
remaining 25% shall be the borrowers’
equity. Depending on total project cost,
syndicated loans shall be considered.
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ELIGIBILITY REQUIREMENTS
Eligible borrowers include duly-registered entities
authorized to undertake the project with at least
60% Filipino ownership with an exclusive or nonexclusive reconnaissance permit granted by the
Department of Energy such as but not limited to:
Singe proprietorships (registered with DTI)
Partnerships/corporations/NGOs (registered by
the SEC)
Cooperatives (registered with NEA/CDA)
Local government units (LGUs)
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For more info and a detailed
checklist of requirements,
contact us at
Tel. no. 893-9745/818-9511
Fax no. 893-5380
E-mail: [email protected]
or visit our website at
www.finesse-dbp.com
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