The main objective of PRGFEE is to scale-up Energy Efficiency investments through Energy Savings Performance Contracting (ESPC) route in India.
The PRGFEE will support the financing of energy efficiency projects by:
i. Addressing the risks and barriers faced and/or perceived by the financial institutions to financing ESCOs for implementing ESPC-based EE projects in India,
ii. Structuring the transactions involved in financing EE projects by standardizing appraisal and other supporting documents, and
iii. Engaging PFIs and building their capacity to finance EE projects on a commercially-sustainable basis
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