Financial plate is expanded, financing channels are broadened

 As long as energy-saving ratio is larger than that of last year and matches with practical amount of energy saving, total limit of subsidy is surely expanded correspondingly.

 In the interview, Jia Kang told reporter, “The reward fund for energy management contracting is guaranteed sufficiently in this year, but the relevant requirements of enterprises and projects have not been changed.”

 From two batches of recorded energy-saving service companies, there are 984 energy-saving service companies altogether recorded in National Development and Reform Committee at present. It means that energy management contracting projects of nearly a thousand enterprises will enjoy the preferential policy of “3 exemptions and 3 halving”. However, it is confirmed from the former news that as long as energy management contracting projects of enterprises is confirmed by the third party to realize practical amount of energy saving, there is no saying of subsidy capping, first come, first served.

 Meanwhile, this part of fund has large room of up regulation. Wang Shumao told reporter that as long as energy-saving ratio had been larger than that of the last year and matched with practical amount of energy saving, total limit of subsidy had been surely expanded correspondingly.

 
Besides good news of financial subsidies, the banks have gradually changed “reserved” attitude towards energy-saving service companies.

 
At present, China Minsheng Banking Corp. Ltd. is responsible for the World Bank’s special loan of in China’s energy management contracting. Wang Shumao indicated that the special loan of the World Bank had the limit of US 200 million dollars altogether. The qualifications for enterprises applying for loan include records in National Development and Reform Committee and eligible energy-saving amount testimonial. Besides, if the bank doubts the amount of energy saving realized, the third party will be invited to inspect independently. “It is generally measure according to realized amount of energy saving and scale of enterprise itself. However, interest rate of World Bank’s loan projects is about 20%-30% lower than market interest rate, having obvious privileges.”

 
Besides such concessional loan projects of the World Bank, the commercial banks have vigorously developed the regular company loan. For example, pledge the future usufruct, that is, apply to bank for loan by pledging the contract of energy management contracting itself.

 Wang Shumao considered that financial innovation projects might also be used appropriately for financing difficulties of energy management contracting. For example, the government offered seed capital or part risk compensation capital so as to give preference to a batch of bonding companies which could offer credit guarantee and performance guarantee to energy-saving projects. Besides, the ways, such as, reward, discount, etc, could be adopted to encourage financial institutions to lean to projects of energy conservation and emission reduction.