What is the main requirement for an enterprise to qualify for a loan under the project «Improving Energy Efficiency of Industrial Enterprises»?
One of the main requirements under this line is the ability of the enterprise to demonstrate energy saving of purchased technologies, in the amount of at least 20% of annual consumption.
Is it possible to obtain a loan for organization of new production within the framework of the project «Improving Energy Efficiency of Industrial Enterprises»?
Under this line, loans for organization of new production are not available. Only investments in energy efficiency of existing production are eligible.
Is it obligatory for a financed project to undergo an environmental impact assessment?
Under IBRD credit lines, it is mandatory for a financed project to undergo an environmental impact assessment. However, projects falling under Category 1 (A), which have a significant negative impact on the environment, are not eligible for lending.
What does the floating interest rate mean?
The floating interest rate consists of: IBRD fixed SOFR rate + IBRD variable spread + 0.2% per annum margin of the Republic of Uzbekistan + the Bank's margin. The floating interest rate changes according to IBRD's notifications, depending on changes in the SOFR rate and IBRD's variable spread.
How is the loan term and grace period for an investment project determined?
According to the IBRD credit line re-lending agreements, the maximum allowable loan term is defined up to 120 months and the grace period is not more than 36 months. The loan term and grace period for an investment project are determined by the Bank on an individual basis based on the calculation of the investment period and project payback.