PROJECT FINANCING

Financing can be difficult to access especially in new and untested environments such as the newly liberalized electricity market. But as more and more success stories emerge from both the electricity auction processes and business ventures in the country, the outlook is increasingly clear. Private financing is starting to take its place beside multilateral and state development institutions as the potential for revenues becomes evident. New instruments such as Clean Energy Certificates (CELs) are also in the spotlight for their potential financial interest.


This chapter brings together financing entities such as private banks and both national and international development banks and lending institutions to discuss their approach toward the energy sector, what their foreign experience brings to the table and the potential to offer increased access to resources for companies to take advantage of the openings provided by the Energy Reform. It also examines the emergent “green financing” strategies influencing the availability of funds for energy projects in the country.