Water and Energy Efficiency Finance for Manufacturers/Exporters/Technology Providers in the Textils Sector by BRAC Bank
Water
and Energy Efficiency Finance
If you are a textile manufacturer or a technology
service provider, you may be eligible for finance in water and energy
efficiency improvements with affordable financing through the Planet Solutions
Loan offered by BRAC Bank Ltd. If your water/energy improvements qualify for
the water and energy-efficiency incentive loan, you could take advantage of
these benefits:
Special
6% Fixed Rate*
Unsecured
financing*
No
maximum limit
100%
financing available
Flexible
loan tenor based on payback period
No
prepayment penalty
Low
fixed rates, fixed monthly/ quarterly payments
No
processing fees for existing clients
Partnership
with certified auditors, contractors and service providers.
Eligibility:
·
Manufacturers/Exporters from textiles
industry who are planning on resource efficiency implementation/up gradation
·
Technology service providers who are
involved in importing energy/water efficient technology for the textiles sector
Benefits:
·
For PaCT partner factories, water/energy
audits will identify the specific improvements that will result into efficiency
·
For factories that have not done an
audit, we can connect you with Certified Energy Auditors. An upfront fee may be
charged for audit.
Below
is a list of typical water/energy efficiency upgrades:
·
Lighting system upgrades
·
Energy management systems and equipment
controls
·
Building insulation
·
Energy generation including renewable
and combined heat and power projects
·
Water conservation and waste water
treatment equipment
·
Variable Frequency Drive for motors Servo
motors
·
Oxygen Trim, Economizer for steam
boilers
·
High efficiency Boilers, Generators
·
Waste heat and condensate recovery
·
Efficient HVAC systems
·
LEED/EDGE certified factories
Will
I Receive an Incentive Too?
Yes of course you will!
The Bank will structure the loan in ways that will
ensure lower cost of borrowing compared to other commercial loans by
integrating different subsidies and grants.
What
Will the Loan Cover?
The loan covers the purchase and installation costs
for eligible improvements that are identified by the audit.
Who
Can Perform the Work?
The
Bank has a list of certified energy auditors for the audit, a list of
engineering firms experienced in installation and civil work and world renowned
technology service providers that can supply cutting edge technology solutions.
Industries
can get all the work done by their own contractors also.
Loan
Procedure:
Step
1: Contact BRAC Bank Limited
New clients can contact BBL team to understand the
product and process required to access this loan.
For existing clients, you can get in touch with your
Relationship Manager for further details.
You will have to submit an investment grade audit
report to determine the amount required for financing. When all the paperwork
is in place, it will require only 5 working days to get a preliminary approval.
Step
2: When you are approved
The loan documents will be prepared and sent to you
for your signature. A coordination meeting will be organized at this point to
set up a realistic timeline.
Step
3: Installation and Payment to BRAC Bank Ltd.
The payment schedule will be in line with savings
and the loan amount will be disbursed in tranches based on key milestones.
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