The National Rural and Renewable Energy Programme (NRREP) is a 5 year initiative (2012-2017) that aims to improve the living standard of rural women and men, reduce dependency on traditional energy and attain sustainable development.
It has the following key components:
- Central Renewable Energy Fund (CREF): NRREP aims to institute CREF as the core financial institution responsible for the effective delivery of subsidies and credit support to the renewable energy sector.
- Technical Support: The Programme aims to accelerate renewable energy service delivery with better quality, comprising various technologies, to remote rural households, enterprises and communities.
- Business Development for Renewable Energy and Productive Energy Use (PEU): It aims to increase incomes and employment potential for micro, small and medium sized enterprises (MSME) in rural areas, particularly for men and women belonging to socially and economically disadvantaged groups.
The 170 million budget for NRREP is distributed as follows:
- CREF: 113.1 million
- Technical Support: 40.1 million
- PEU: 8.4 million
- NRREP Management: 5.1 million
- Studies, audits, reviews: 3.4 million