Country:Malaysia
Year:2010
Policy status:In Force
Jurisdiction:National
Date Effective:2010
Date Ended:2012 extended to 2015
Policy Type:Economic Instruments>Fiscal/financial incentives>Loans
Policy Target:Multiple RE Sources>All
Policy Sector:Multi-sectoral Policy
Size of Plant Targeted:Small and Large
Agency:Ministry of Energy, Green Technology and Water, Malaysia
Funding:RM 2.1 bil (total has been increased)
Description:

In the budget speech for 2010, Dato’ Seri Najib Tun Abdul Razak, the Prime Minister of Malaysia announced the establishment of Green Technology Financing Scheme as an effort to improve the supply and utilization of Green Technology. The scheme could benefit companies who are producers and users of green technology.

As a sign of commitment, the Government will bear 2% of the total interest/profit rate. In addition, the Government will provide a guarantee of 60% on the financing amount via Credit Guarantee Corporation Malaysia Berhad (CGC), with the remaining 40% financing risk to be borne by participating financial institutions (PFIs).

The Prime Minister also appointed GreenTech Malaysia as the conduit for the Green Technology Financing Scheme (GTFS) application. The scheme is expected to provide benefits to more than 140 companies of which the application will be open starting from 1st January 2010.

Related policies:Renewable Energy Policy and Action Plan

Last modified: Mon, 04 Nov 2013 16:10:07 CET