Friday, September 23, 2016

Green loans subject to new changes. Semi-annual follow-up reports among new requirements


A new set of technical eligibility criteria for National Energy Efficiency and Renewable Energy Action (NEEREA) loans has been announced.

The criteria were finalized by the Lebanese Center for Energy Conservation (LCEC) based on a request from the Central Bank (BDL).

Mazen Halawi, Deputy Director of the financing unit at BDL said: "Real estate development is one the main reasons behind changing the criteria."

Property developers are one of the biggest applicants of NEEREA...

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