The proposed project will refurbish and upgrade the production lines of five cement and two steel plants that were identified as high priority under ADB ADTA 7024 based on energy audit and investment grade audit. It is proposed that this loan be provided to the Ministry of Finance (MOF) which would then on-lend the funds to financial intermediaries (FIs) for lending to the cement and steel plants. It is expected that the FIs may also blend in their own resources with the loan resources to expand the reach of the program. Under a European Investment Bank (EIB) loan, $100 million was made available to the MOF, on-lent it to FIs, which used the funds to support small-scale renewable energy projects (EIB funds could only be used for 50% of project costs). This program initiated in 2009 has already disbursed the entire $100 million by 2011.
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Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
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