The Promoter means any Romanian natural or legal person, approved by the Romanian Energy Efficiency Fund to submit the framework funding offer of the Fund. Promoters cannot be natural or legal persons in conflict of interest related to the current activity, for example civil servants, employees of some state institutions or subordinated to them.

Individuals or legal entities wishing to become Promoters of the Romanian Energy Efficiency Fund verify the fulfilment of the minimum qualification requirements.

Individuals or legal entities that meet the minimum qualification requirements submit a letter of intent together with the CV or brief overview of the institution and the CV of the contact person/ persons.

Qualified natural or legal persons sign a Framework Agreement of Collaboration with the Romanian Energy Efficiency Fund, based on which they are registered in the List of Promoters.

By signing the Collaboration Agreement, the Promoters acquire the funding objectives and principles of the Romanian Energy Efficiency Fund and undertake to submit to the potential clients the funding offer. Following the identification of a potential client approved in principle by FREE, the Promoter shall sign with the Romanian Energy Efficiency Fund a service contract concluded in exclusive conditions regarding the Fund’s relationship with the respective client, for a certain project or package of projects.

Contracting

For each identified Client, the Promoter verifies the fulfilment of the Eligibility Criteria of the Romanian Energy Efficiency Fund and if they are met, the Promoter submits for approval to REEF a Client File that shall contain all the necessary and sufficient data included in the following documents:

In case of approval of the Client File, the Romanian Energy Efficiency Fund signs the Service Contract with the Promoter, together with the submission of the Representation Letter issued by the Client for the Promoter (Annex B to the Service Contract).

Contract execution

The Client submits to the Romanian Energy Efficiency Fund Form no. 1 from the address, assumed by stamp and signature by the Client’s legal representative.

In case of acceptance notification of Form no. 1, the Client receives from the Romanian Energy Efficiency Fund the request to complete Form no. 2a or Form no. 2b.

At the Client’s request, the Promoter can assist it in completing Forms no. 1 and no. 2 and related documentation. For the consulting services provided for the Client, the Promoter shall not request the payment of the equivalent value.

More information about these forms can be found on the Forms page.

Within ten (10) working days from the submission by the Client of Form no. 2 together with its annexes, the Promoter submits for approval to the Romanian Energy Efficiency Fund the document entitled “Technical and economic analysis of the energy efficiency project” (according to the template in Annex C to the Service Contract).

The Promoter assists upon request the Romanian Energy Efficiency Fund and the Client until the approval of the funding application and the signing of the Loan Agreement, or, as the case may be, until the rejection of the funding application.

In case of signing the Loan Agreement between the Romanian Energy Efficiency Fund (as financier) and the Client (as beneficiary of the loan), the Romanian Energy Efficiency Fund shall honour the payment obligations to the Promoter under the conditions and terms provided in the Service Contract.

In case of rejection of the funding request, the Romanian Energy Efficiency Fund has no payment obligation towards the Promoter.
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