Purpose of the Loan
Kafalat Energy guaranteed loans may be used to finance the following:
- Purchase of equipment (and all related accessories) used to either produce electricity from renewable sources or reduce energy consumption. Below is a non-exhaustive list of Eligible Technologies in Energy Efficiency (Programme A) and Renewable Energy (Programmes B and C). The list is only indicative.
- Design costs and installation of equipment (and all related accessories) used to either produce electricity from renewable sources or reduce electricity consumption. These costs must not exceed a reasonable portion of the project cost, as assessed by the technical analysis conducted by our experts.
Expenses have to be relevant to the business activity subject of the loan and justified with pro-forma invoices from equipment suppliers and engineering service providers. Expenditures have to occur after approval of the loan guarantee. Project costs incurred prior to the loan guarantee application will not be taken into consideration, unless a valid written justification is given by the bank and approved by Kafalat.
If an installation is hybrid, i.e. includes renewable energy equipment and non-renewable energy equipment such as a hybrid PV-diesel system, the guarantee will only cover the costs related to the renewable part (in this case PV), and the components necessary for the connection to the non-renewable (in this case the diesel generator).