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DEVELOPMENT BANK OF THE PHILIPPINES New & Renewable Energy Financing Program (NREFP). PRIMARY OBJECTIVE. To provide financial support to project developers and end-users pursuing government’s rural electrification and socio-economic development programs
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To provide financial support to project developers and end-users pursuing government’s rural electrification and socio-economic development programs
via the use of alternativeenvironmentfriendly technologies
in power generation
New and Renewable Energy
Solar PV for Telecoms
Applicable ODA funds such as EISCP II, JEXIM IV, KFW-IPCLP
DBP funds for projects/project components which cannot be accommodated under existing ODA funds
Allowable repayment term of the fund source.
DBP Funds: Prevailing interest rate with the gross receipt tax (GRT) for the account of the borrower
ODA Funds: Applicable interest rate depending on fund source
One half of 1% of loan amount (minimum PhP5000)
The loan shall be fully secured by assets acquired out of the loan proceeds and other applicable securities specific to the projects such as but not limited to:
Real estate mortgage
Internal revenue allotment (IRA) for LGUs
Assignment of Power Purchase Agreement (PPA)
Assignment of insurance cover
Assignment of suppliers buy-back guarantee
Joint & several signatures (JSS) of principal stockholders in case of corporation and key officers for cooperatives and NGOs
DBP shall finance up to a maximum of 75% of total project cost. The remaining 25% shall be the borrowers’ equity. Depending on total project cost, syndicated loans shall be considered.
Eligible borrowers include duly-registered entities authorized to undertake the project with at least 60% Filipino ownership with an exclusive or non-exclusive reconnaissance permit granted by the Department of Energy such as but not limited to:
Singe proprietorships (registered with DTI)
Partnerships/corporations/NGOs (registered by the SEC)
Cooperatives (registered with NEA/CDA)
Local government units (LGUs)
Tel. no. 893-9745/818-9511
Fax no. 893-5380
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