Central Renewable Energy Fund

Objective

The immediate objective of the Central Renewable Energy Fund (CREF) is to institute the CREF as the core financial institution responsible for the effective delivery of subsidies and credit support to the renewable energy (RE) sector.
Component strategies

The CREF Component is designed to establish the CREF as the financial enabler for helping implement the deployment of Renewable Energy Technology (RET) in rural areas on the basis of an enacted legislation to establish the CREF. The CREF will have two principal activities:

  • The issuing of subsidies to qualified RET installers and other authorised recipients of subsidy funds, and
  • Facilitating the provision of credit facilities to households and communities that wish to acquire RETs.

Outputs

The CREF Component consists of 2 outputs:
Output 1.1
: The CREF has been endowed with the capacity and powers to successfully carry out its operational mandate in cooperation with other sector organisations and the Alternative Energy Promotion Centre (AEPC) in particular, and
Output 1.2: The existing subsidy system modified to improve its effectiveness and to enhance its focus on women and marginalised groups.

 

CREF Financial Intermediation Mechanism Download PDF


Team Composition

S.No Name Position
1. Aananda Raj Maskey Component Manager
2. Monu Binod Aryal Programmer Officer, Credit & Information
3. Ganga Shrestha Account Officer
4. Laxman Punjali Assistance Programmer Officer
5. Babu Ram B.K. Assistance Programmer Officer
6. Rajaram Gautam Consultant Programme Officer
7. Krishna Poudel Damase Consultant Programme Officer
8. Chandra Kala Sapkota Consultant Programme officer