SLOVSEFF

A New Instrument to Finance Sustainable Energy Investments in the Slovak Republic

The European Bank for Reconstruction and Development (EBRD) in cooperation with the Ministry of Economy has launched the Slovak Energy Efficiency and Renewable Energy Finance Facility - SLOVSEFF II.

In order to establish SLOVSEFF, the EBRD has chosen following participating banks (PBs):

• Ceskoslovenska obchodna banka, a.s.
• Slovenska sporitelna, a.s.
• Tatra banka, a.s.
• UniCredit Bank Slovakia, a.s.
• Vseobecna uverova banka, a.s.

Loans between 20,000 EUR and 2,500,000 EUR, as well as grants between 7.5% and 15% of the loan amounts and free technical assistance will be available through local banks for private companies and housing associations implementing energy efficiency and renewable energy projects. Grant support is provided by the Bohunice International Decommissioning and Support Fund (BIDSF).

Free of charge technical assistance for borrowers, in form of preparing Rational Energy Utilisation Plans (REUPs), Simple Energy Audits (SEAs) and assisting the formulation of loan applications to PBs, will be provided by the Project consultant ENVIROS to assist clients of the local banks identify the most appropriate energy efficiency investments for their needs.