 Purpose
To support energetic efficiency projects.
Clients
- Energy Conservation Companies - ESCOs;
- Energy final users
- Energy generation, transmission and distribution
companies.
Types of Projects
Interventions proven to have contributed to save energy, increase the global efficiency of the energy system or promote the substitution of fossil fuels for renewable sources. Among the potential actions, the following can be
mentioned:
· Lighting;
· Engines;
· Optimization of processes;
· Compressed air;
· Pumping;
· Conditioned air and ventilation;
· Refrigeration and cooling;
· Production and distribution of steam;
· Heating;
· Automation and control;
· Generation, transmission and distribution of energy;
· Energy management;
· Improvement of energy quality, including correction of power
factor;
· Reduction of demand on electric power consumption peak
times, as long as there are no environmental damages.
Financeable
Items
· Studies and Projects;
· Works and Installations;
· New machines and equipment, manufactured in Brazil, accredited in BNDES;
· Imported machines and equipment, not produced in Brazil, but internalized in the Brazilian market, observing
that:
- For units of up to R$ 400 thousand the borrower must prove they are not produced in Brazil by submitting a
self-declaration;
- For units priced above R$ 400 thousand and for energy generation units, proof that they are not produced in Brazil must be made upon submitting an opinion of a renowned expert entity; and
- Imported machine and equipment are limited to R$ 20 million for the entire Facility. For such purpose, funds from FAT (Worker Support Fund) and PIS-PASEP (Social Integration Fund and Government Employees Equity Development Program) cannot be
used.
· Specialized technical services;
· Information, monitoring, control and supervision systems.
Non-Financeable Items
· Acquisition or leasing of real estate and property improvements;
and
· Acquisition of used machinery and equipment.
Supporting
Standards
. The applicant should present a Project allowing to identify, analyze and monitor in detail the whole of actions and targets, through which it intends to contribute to preserve energy.
. The investments already carried out until the sixth month prior to presentation of the financing request may be considered for effect of a counterpart of the
project.
Operational Procedures
PROESCO's operations may be performed both through BNDES direct support and accredited financial institutions by transfer of financial resources or a specific order, irrespective of the loan order
amount.
PROESCO’S project financing line is divided into three types:
1) direct operation with BNDES;
2) non-automatic indirect operation, where the accredited financial institution fully bears the financed amount and the credit risks, and;
3) operation with risk shared between BNDES and the accredited financial institutions.
In shared risk operations, BNDES may bear up to 80% of the financed amount and the accredited financial institutions must bear a minimum share of 20%. Projects are presented to BNDES upon analysis by the accredited financial institution, after a qualified entity has duly certified the technical feasibility.
Banks authorized to perform as Accredited Financial Institution on shared risk operations:
| BANK |
CONTACT |
PHONE NUMBER |
| Banco do Brasil |
Neylson Sarmento |
(21) 3808-2844 |
| Banco do Brasil |
Ana Irias
Cristiane Tavares
|
(11) 7151-9601
(21) 3288-1711
|
| Bradesco |
(*) |
(*) |
| BDMG |
(*) |
(*) |
(*) approved by the BNDES Management, but not operational, depending on contract signature.
Operating Modalities
The operating modalities differ in accordance with the type of
client:
a. For ESCOs Supporting Projects: risk shared between BNDES and the accredited financial institutions or indirect operation, when the financial agent fully assumes the amount financed and the credit risks
b. For Projects from Final Users of Energy: direct operation (carried out directly with BNDES) or indirect operation (carried out through accredited financial institution)
Projects under shared risk modality will be presented to BNDES bearing an analysis from the accredited financial institution, after performance of the technical viability certification by a qualified institution.
Financial Conditions
Operations with Shared Risk between Banco Nacional de Desenvolvimento Econômico e Social [BNDES] and the Assigned Financial Agent
On BNDES risk portion:
Interest Rate = Financial Cost + BNDES Spread + Assigned Financial Agent Fee + Fee for BNDES Risk Assumption, as
follows:
Financial Cost: Long-Term Interest Rate [TJLP];
BNDES Spread: 0.9% p.a.;
Assigned Financial Agent Fee: 1% p.a.;
Fee for BNDES Risk Assumption: 3% p.a.
On Financial Agent risk portion:
Interest Rate = Financial Cost + BNDES Spread + Financial Agent Fee, as
follows:
Financial Cost: Long-Term Interest Rate [TJLP];
BNDES Spread: 0.9% p.a.;
Financial Agent Fee: up to 4% p.a.
Operations with Financial Agent Risk (Non automatic Indirect)
Interest Rate = Financial Cost + BNDES Spread + Financial Agent Fee, as
follows:
Financial Cost: Long-Term Interest Rate [TJLP];
BNDES Spread: 0.9% p.a.;
Financial Agent Fee: to be negotiated by the Financial
Agent, limited to 4%, following BNDES standards on this subject.
Direct Operations
Interest Rate = Financial Cost + BNDES Basic Fee + Credit Risk Rate, as
follows:
Financial Cost: Long-Term Interest Rate [TJLP];
BNDES Spread: 0.9% p.a.;
Credit Risk Rate: up to 3.57% p.a. (according to the beneficiary's risk).
Maturity
Maximum of 72 months, including the maximum grace period of 24 months.
Energy generation and transmission may have a longer maturity, if the specific operation review requires so.
BNDES's Share
. Up to 100% for projects in Northern and Northeastern Low Income Cities or Lower Average Income Cities (within SUDENE’s field of
activity)
. Up to 90% for projects in Northern and Northeastern Lower Average Income Cities and High Income Cities (within SUDENE’s field of activity) or Low Income Cities or Lower Average Income Cities from the other regions of the country
. Up to 80% for projects in other cities
Collaterals
For financing operations to ESCOs, with a risk shared between the financial agent and
BNDES, the Beneficiary will be charged a special commission for risk assumption and the financial institutions should obligatorily request as guarantee for the financings a surety from ESCO's controlling shareholders and a pledge of the credit rights arising from ESCO's service agreement with its client.
In operations in which the financial agent fully assumes the credit risks, the constitution of
guarantees will be freely negotiated between the parties, taking into consideration the BNDES standards on the
subject.
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![Support to Energetic Efficiency Projects [PROESCO]](images/t_proesco.gif)