Energy Efficiency Financing Platform (EEFP) was launched as one of the initiatives under National Mission for Enhanced Energy Efficiency to provide a platform to interact with Financial Institutions (FIs) and project developers for implementation of energy efficiency projects. Under this programme, MoUs have been signed by BEE with M/s. PTC India Ltd, M/s. SIDBI, HSBC Bank, Tata Capital and IFCI Ltd to promote financing for energy efficiency projects. For capacity building of FIs, BEE signed MoU with Indian Banks’ Association for the Training Programme on Energy Efficiency Financing. The MoU was signed in 2015 and this training programme was launched in June 2015.
Presently, BEE is working on conducting “Investment Bazaar for Energy Efficiency” in 4 regions of India to accelerate and facilitate financing of EE projects/technologies through SDAs. Furthermore, all SDAs have also been directed to constitute FIs committees for accelerating EE financing in respective states to enable institutions to address financing issues at state level itself.
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