FEEP is one of the components under National Mission for Enhanced Energy Efficiency (NMEEE). The objective of FEEP is to accelerate energy efficiency financing by creating fiscal instruments, capacity building of financial institutions and by organizing awareness/ outreach activities for industries, MSMEs, OEMs and ESCOs.

1.Energy Efficiency Financing Platform (EEFP) –

BEE, since its inception, has been working on strengthening the importance of Energy Efficiency (EE) and the development and integration of EE measures across sectors. With time as the market got evolved and became relatively mature by government fierce interventions, the need of timely access of finance is realized. EEFP aims to establish a platform to interact with Financial Institutions (FIs), project developers and other stakeholders for the implementation of energy efficiency projects and accelerating energy efficiency financing. 

2.Objective

The broader objective of EEFP is to create mechanisms which would help finance demand side management programmes in key sectors by capturing future energy savings as well as for capacity building of financial institutions and ESCOs/OEMs/ designated consumers.

This shall also play a vital role in creating the awareness for BEE’s various energy efficiency financing schemes to boost the investment in this area. 

3.Status & Achievements

(a)Investment Bazaar:

Bureau of Energy Efficiency (BEE), in association with State Designated Agencies (SDAs) organizes state level events by the name of “Investment Bazaar for Energy Efficiency” with the aim to provide the necessary platform in which bankable energy efficiency projects can be showcased in presence of Financial Institutions, OEMs, industries, ESCOs etc.

This event facilitates in creating the awareness among industry stakeholders on different financing schemes, EE product/services, ESCO mode of implementation of EE projects.

Till date, 34 Investment Bazaar events have been organized by SDAs across various states in India. These include Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Haryana, Punjab, Madhya Pradesh, Maharashtra, Tamil Nadu, Telangana, Karnataka, Uttar Pradesh, Uttarakhand, Odisha, Kerala, Chandigarh and Haryana. During these events, EE projects with project cost of more than Rs. 2700 crore have been showcased.

(b)Training Program for FIs:

For capacity building of FIs, BEE signed MoU with Indian Banks’ Association for the Training Programs on Energy Efficiency Financing. The MoU was signed in 2015 and this training program was launched in June 2015. These workshops have been held in two phases. Phase 1 included 4 ToT workshops and 2 direct training workshops. In phase 2, 22 direct training workshops for FIs on EE Financing held at different locations (17 states covered) across India. In these workshops total of 682 participants from 72 banks/NBFCs banks/NBFCs received training on EE financing. The programs of these training workshops ended on 31st March 2019.

In order to further strengthen banks/NBFCs/MFIs on EE initiatives, programmed, imparting knowledge on EE measures / technologies, future prospects and assessment, BEE has engaged NPTI to conduct 6 capacity building workshops to train officials from FIs across India till 31st March 2023.

4.Target Beneficiaries

• Financial Institutions (Banks and NBFCs)
• MSMEs
• Large Industries
• Energy Service Companies(ESCOs)
• Buildings & Municipalities
• Other Energy Consuming Sectors

5.Partners

1. State Designated Agencies(SDAs)
2. NPTI
3. CRISIL Ltd
4. SMERA Gradings and Ratings Ltd
5. IREDA
6. YES Bank

6.Contact details of PO /email

1. Mr. P Shyam Sunder

(Director, BEE)

Email: pshyam.sunder@beeindia.gov.in