▪ Sole Proprietorship
▪ Partnership
▪ Corporation
▪ Cooperative
▪ Local Government Unit (LGU)
▪ Financial Institution (FI)
▪ Government Owned and Controlled Corporations
(GOCC)/Government Agencies (GA)
▪ Electric Distribution Utilities/Companies (DU)
▪ Wholesale Power Aggregator (WPA)

▪ For ECs/GOCCs/GAs: maximum of 90% of total
project requirement
▪ For LGUs: Up to 100%, but not exceeding the
LGU’s Net Borrowing Capacity (NBC)
▪ For Private Borrowers: maximum of 80% of total
project requirement
▪ ODA/Special Fund Projects: Based on the amount
required by the special financing program

▪ Working Capital
▪ Capital Expenditures (CAPEX)
▪ Renewable Energy Power Generation Financing
▪ Energy Efficiency Financing

▪ Based on the prevailing LBP rate at the time of
availment
▪ ODA/Special Fund: applicable interest rate under
special program

▪ DTI/SEC/CDA/NEA Registration
▪ For Non LGU: Board Resolution to borrow
▪ For LGU: Sanggunian Resolution to borrow/BLGF Certificate on NBC/MBO
▪ Valid certificates/permits/licenses/clearances
▪ 3 Year COA audited financial statements
▪ Proposed Project Details
▪ Feasibility Studies
▪ Collateral Documents
▪ Insurance Documents
▪ For Construction: Cost Estimates/Bill of Materials

• Any Renewable Energy Projects as defined under R.A. 9513 or the Renewable Energy Act of 2008 such as Biomass, Geothermal, Solar, Hydro, Ocean, Wind and etc.

• Energy Efficiency Projects aim to lower electricity bills, reduce carbon emissions, and improve sustainability without compromising performance.

• Power distribution projects to cover the expansion, upgrading, and modernization of substations, lines, transformers, and systems to improve reliability, efficiency, sustainability, and customer service.

• The Common Processing Requirements are:

• • Accomplished Loan Application Form

  • Department of Trade and Industry/Securities and Exchange

  • Commission/Cooperative Development Authority/National Electrification Administration (NEA) - Certificate of Registration, Articles of Incorporation/ Cooperation and By-Laws

  • Board Resolution to borrow

  • Valid certificates/permits/licenses/clearances

  • Audited Financial Statements (FS) for the past three (3) years and the current year’s interim FS

  • List of existing and past loans

  • List of key officers, members of the Board of Directors and principal shareholders and their stockholdings

  • Client Information and Signature Specimen Card and at least one valid/government ID

  • Tax Identification Number/Copy of updated Income Tax Return (ITR)

  • Sanggunian Resolution to borrow/Bureau of Local Government Finance Certificate of Net Borrowing Capacity/Monetary Board Opinion on borrowing for Government Entities, whichever is applicable

  • Proposed Project Details

  • Collateral Documents

  • Insurance coverage on all or any of the following, as applicable:

• • • Natural catastrophes

    • Cyber incidents

    • Industrial All-risk

    • Pandemic outbreak

• RE Provider/Contractor/Developer’s Performance Guarantee

• For ECs/GOCCs/GAs: maximum of 90% of total project requirement

• For LGUs: Up to 100%, but not exceeding the LGU’s Net Borrowing Capacity (NBC)

• For Private Borrowers: maximum of 80% of total project requirement

• ODA/Special Fund Projects: Based on the amount required by the special financing program

Applicable market rate on time of availment

• Short Term Loan/Line: up to 360 days PN

• Term loan:

• Working Capital/Project Preparation - up to five (5) years inclusive of maximum of six (6) months grace period on principal

• CAPEX - up to 15 years inclusive of maximum of three (3) years grace period on principal

• Feasibility Study Preparation:

• Internal - n/a

• ODA/Special Fund - maximum of three (3) years w/o grace period on principal

• Equipment Acquisition - based on economic useful life of the equipment but not to exceed 10 years

• Energy Efficiency - based on economic useful life of the financed project but not to exceed 15 years

• Construction of Power Generation/Distribution Systems:

• Internal – up to 10 years inclusive of maximum of two (2) years grace period on principal

• ODA/Special Fund - up to 15 years inclusive of maximum of two (2) years grace period on principal

• Acquisition of STA:

• Internal Fund - up to 10 years inclusive of maximum of two (2) years grace period on principal

• ODA/Special Fund - up to 15 years inclusive of maximum of two (2) years grace period on principal

• Stand-by Letter of Credit: up to 360 days to coincide with the maturity of the line