Energocredit

Energocredit is a credit line that was designed to increased the competiveness of Georgian business. Thanks to old, inefficient machinery, technologies and buildings, many companies in Georgia use up to three times as much energy per unit of GDP as their western competitors. For energy intensive companies this is a serious competitive disadvantage, about to become even worse as energy prices increase. 

 
This is why the EBRD put in place the USD 35 million Energocredit  credit line to provide loans through local partner banks of up to USD 2.5 million to companies in Georgia with serious energy saving potential. For such companies the savings potential is ao great they can often repay big investments in very little time, while also boosting capacity, profits, and competitiveness. Indeed one Energocredit client found that a USD 3.3 million investment could be repaid from energy savings in just 1.3 years. The team showed he was using twice as energy per ton of production compared with international firms. read more in case study

 
To make investments even easier, the Energocredit experts have now also approved a list of equipment which have significantly higher energy performance standards than average and eligible companies can obtain loans to buy these quickly and easily.