Steps for Obtaining a Loan - Fondul Roman pentru Eficienta Energiei

Stage I

Download Form nr.1

Fill in all the fields of the Form in Romanian (either directly, after printing, or in MS Word and print it) and assume the data entered by signature and stamp by the legal representative of the client.

Form no. 1 - The funding application, completed, signed and stamped, at the Romanian Energy Efficiency Fund :

by e-mail (at the address office@free.org.ro) or
by fax (at no. 021.233.88.01 and 021.233.88.02) or
by post (at Strauss Building, 2A Johann Strauss Street, 6^th floor, 2^nd District, ROU – 020312 Bucharest 30)

Very important! Transmission of Form no. 1 – The application for funding does not oblige in any way the parties to continue the steps for granting, namely receiving a commercial credit for funding one or more energy efficiency projects.

Once the client receives (within a maximum of 48 hours from the transmission), by fax, the notification regarding the acceptance or rejection by the Romanian Energy Efficiency Fund, of the Funding Application (Form no. 1), the first stage ends.

Stage II

The second stage takes place only in case of acceptance by the Romanian Energy Efficiency Fund of the funding application (Form 1).

At this stage, the client provides, by completing Form no. 2 (a – for trade companies with private or mixed capital or b – for local public administration authorities), an important volume of information, following the structure and content explained in the sub-page Forms.

Clients' representatives of the trade companies with private or mixed capital download the document Form 2a - Application for Funding for companies with private or mixed capital

Form nr. 2a

Customers' representatives of local public administration authorities download the document Form 2b - Application for Funding for local public administration authorities

Form nr. 2b

Fill in all the fields of the Form and the declaration in Annex 1 in Romanian (either directly, after printing, or in MS Word and print it) and assume the data entered by signature and stamp by the legal representative of the client. A copy of all the documents mentioned in the List at the end of Form no. 2.

The following are sent to the Romanian Energy Efficiency Fund by e-mail, fax or post:

Form no. 2 completed
Declaration in Annex 1, signed and stamped
Copies of all the documents mentioned in the List at the end of Form no. 2.

Very important! The Fund’s experts may provide, upon request, assistance in completing Form no. 2, on which occasion the copies of the documents mentioned in the List at the end of Form no. 2.

Stage III

This stage follows the verification of the information, the assessment of the client and the project and the completion of the basic analysis and precedes the approval or rejection, as the case may be, by the Romanian Energy Efficiency Fund.

Signature of the Agreement in principle by the parties

This document establishes the commercial parameters of the loan: interest, monitoring fee, grace period, repayment period (which includes the grace period), guarantees, etc.

Very important! The signing of the Agreement in principle does not necessarily imply the approval of the funding and the signing of the Funding Agreement.

Stage IV

The completion of the fourth stage takes place only after the approval by the Romanian Energy Efficiency Fund of the funding.

The stage consists in the signing by the parties of the Funding Agreement and, as the case may be, of the Guarantee Contract or Contracts assigned by the client in favour of the Romanian Energy Efficiency Fund.

Duration

In general, forty-five (45) calendar days may elapse between the moment of expressing the intention and the first drawdown of the loan approved by the Fund for the funding by the client of one or more investment projects in the field of energy efficiency.

This duration may be reduced provided that the client makes available and provides to the Fund’s experts in a timely manner the documentation and information necessary to complete the basic analysis preceding the signing of the Agreement in principle.

Very important! The provision of viable guarantees, which adequately cover the amount of credit requested may reduce to thirty (30) calendar days the duration until the first drawdown.

Privacy

Throughout the collaboration with the client, the Romanian Energy Efficiency Fund ensures the privacy of the data regarding the client and its activity.

With the client’s consent, and only after starting the implementation of the energy efficiency project, the Fund may publish details on the project, its financial analysis and estimated benefits (energy and primary resource savings, reductions in greenhouse gas emissions and financial savings).