Programm zur Förderung erneuerbarer Energien und Energieeffizienz (Phase III) Program for the Promotion of Renewable Energies in Armenia, Phase III Das vorliegende FZ-Modul bezieht sich auf die dritte Phase des bereits seit 2006 erfolgreich durchgeführten Programms Förderung erneuerbarer Energien über den Deutsch-Armenischen Fond (German-Armenian Fund, GAF), der innerhalb der armenischen Zentralbank als eigen-ständige Durchführungseinheit etabliert wurde. Im Rahmen der FZ-Maßnahme leitet GAF langfristige Finanzierungen in Lokalwährung für Investitionen in erneuerbare Energien über Geschäftsbanken an Privatunternehmen weiter (Investitionsmaßnahme). Zudem sollen im Rahmen des Programms die Investoren bei der Planung und Umsetzung von Einzelvorhaben, der Träger bei der Genehmigung und Überwachung sowie die Banken bei der Risikobewertung solcher Vorhaben unterstützt werden (Begleitmaßnahme). Ziel des FZ-Vorhabens ist ein Beitrag zu einer stabilen, kostengünstigen und umwelt-freundlichen Stromversorgung in Armenien. Hierüber soll ein Beitrag zum nachhaltigen Wirtschaftswachstum des Landes sowie zum Umwelt- und Klimaschutz geleistet werden (übergeordnetes entwicklungspolitisches Ziel). Direkte Zielgruppe sind private Unternehmen als Investoren und Betreiber der Anlagen, mittelbar profitiert von dem Vorhaben die gesamte armenische Bevölkerung.Die Investitionskosten des Vorhabens einschließlich des Eigenbeitrags der Investoren von min. 30% werden auf rund 57 Mio. EUR geschätzt. Hinzu kommen die Kosten der Begleitmaßnahme von 2 Mio. EUR, die über einen Zuschuss des Bundes finanziert werden sollen. Die Finanzierung des FZ-Beitrags an den Investitionskosten erfolgt in Form eines Entwicklungskredits (zins-verbilligtes Darlehen) i. H. v. 40 Mio. EUR, der durch den Gewährleistungsrahmen des Bundes für zinsverbilligte Kredite gedeckt wird. Der Zuschussbedarf für die Zinsverbilligung des Entwicklungskredits beträgt rund 3,3 Mio. EUR. The present FC module refers to the third phase of the program Promotion of Renewable Energies, which has been successfully implemented since 2006 via the German-Armenian Fund (GAF), which was established as an independent implementing unit within the Armenian Central Bank. As part of the FC measure, GAF forwards long-term financing in local currency for investments in renewable energies via commercial banks to private enterprises (investment measure). The programme also aims to support the investors in planning and implementing individual projects, the executing agency in approving and monitoring them and the banks in assessing the risk of such projects (complementary measure). The objective of the FC project is to contribute to a stable, cost-effective and environmentally friendly power supply in Armenia. This is to contribute to sustainable economic growth in the country and to environmental and climate protection (overall developmental objective). The direct target group are private enterprises as investors and operators of the facilities, while the entire Armenian population benefits indirectly from the project.The investment costs of the project, including the investors' own contribution of at least 30%, are estimated at around EUR 57 million. In addition, the costs of the accompanying measure of EUR 2 million are to be financed by a federal grant. The FC contribution to the investment costs will be financed in the form of a development loan (low-interest loan) in the amount of EUR 40 million, which will be covered by the Federal Government's guarantee framework for low-interest loans. The subsidy requirement for the interest subsidy for the development loan amounts to approximately EUR 3.3 million. Beitrag zu einer stabilen, kostengünstigen und umweltfreundlichen Stromversorgung in Armenien The present FC module refers to the third phase of the program Promotion of Renewable Energies, which has been successfully implemented since 2006 via the German-Armenian Fund (GAF), which was established as an independent implementing unit within the Armenian Central Bank. As part of the FC measure, GAF forwards long-term financing in local currency for investments in renewable energies via commercial banks to private enterprises (investment measure). The programme also aims to support the investors in planning and implementing individual projects, the executing agency in approving and monitoring them and the banks in assessing the risk of such projects (complementary measure). The objective of the FC project is to contribute to a stable, cost-effective and environmentally friendly power supply in Armenia. This is to contribute to sustainable economic growth in the country and to environmental and climate protection (overall developmental objective). The direct target group are private enterprises as investors and operators of the facilities, while the entire Armenian population benefits indirectly from the project.The investment costs of the project, including the investors' own contribution of at least 30%, are estimated at around EUR 57 million. In addition, the costs of the accompanying measure of EUR 2 million are to be financed by a federal grant. The FC contribution to the investment costs will be financed in the form of a development loan (low-interest loan) in the amount of EUR 40 million, which will be covered by the Federal Government's guarantee framework for low-interest loans. The subsidy requirement for the interest subsidy for the development loan amounts to approximately EUR 3.3 million.