BANK SUPPORT FOR THE IMPLEMENTATION OF BIOGAS PLANTS BASED ON QUALITY PROJECTS
Michaela KOSTAČOVÁ1, Patrícia ČEKANOVÁ1
1Technical University of Kosice
BoZPE 2012;(2):37–46
Article (PDF)
KEYWORDS
renewable resources, biogas plant, financial support of the bank
TOPICS
Energy-efficient construction
ABSTRACT
Referring to the code No 309/2009 body of law - Support of renewable resources in Slovakia - the area to commission biogas plants and other alternative forms of energy production has been opened. Banks have assessed financing of renewable resources as low risk projects due to stable cashflow that is necessary to smooth loan repayments. All this led to the creation of legal entities that run businesses in that area with 15 years state price redemption guarantee which favored bank in-terest due to low risk for their investments. This study shows importance of project preparation as an essential step to take before future bank financing approval. Project realiza-tion is fully dependent on bank or EU fund support since project budgets reach to-tal value of few millions and more. Thorough project preparation from the side of future investors becomes a priority number one since detailed verification from the side of future creditor will be performed in relation to total amount of funding and com-parison to other forms of financing. Bank will focus their attention on mentioned areas.
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