Structure of the BEERECL

Under the BEERECL, the EBRD extended loans to the participating banks, which on-lent the funds to private sector companies for industrial energy efficiency projects and small renewable energy projects.

One key element of the BEERECL was the energy consultancy services provided by DAI Europe and EnCon Services to help prepare eligible project loan applications. Services included energy pre-assessment of companies, financial analysis, risk assessment, development of business plans, formulation of loan applications and presentations to participating banks.

EBRD

Banks

Bulgarian Companies

KIDSF

The EEFF Team
DAI and EnCon Services

Independent
Energy Expert

Consultancy agreement

Consultancy agreement

Credit line    agreements

Loan    agreements

Incentive    grants

Energy audit
Development of
business plan

Project completion
validation review

Upon the successful completion of a project, after being verified by an Independent Energy Expert, the company received a grant of up to 20% of the disbursed loan amount from the KIDSF.