KfW Entwicklungsbank German Financial Cooperation with Mongolia
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Präsentation zum Thema: "KfW Entwicklungsbank German Financial Cooperation with Mongolia"— Präsentation transkript:
1 KfW Entwicklungsbank German Financial Cooperation with Mongolia Berlin, April 22nd 2013
2 60 years of KfW Financing with a public mission Promotional bank of the Federal Republic of GermanyFounded in 1948 as Kreditanstalt für WiederaufbauShareholders: 80% Federal Republic, Headquarters: Frankfurt am Main Branches: Berlin, Bonn and CologneRepresentative offices: around 70 offices and representations worldwideBalance sheet total at end 2011: EUR billionFinancing volume 2011: EUR 70.4 billionAround 4,763 employees (2011)Best rating: AAA/Aaa/AAA
3 A bank with a wide array of functions Domestic promotionInternational businessWe promote GermanyWe ensure internationalisationWe promote developmentPromotion SMEs, business founders, start-upsBusiness Area MittelstandsbankPromotionconstructionof new housingand modernisationas well as educationBusiness Area PrivatkundenbankFinancing municipal infrastructure projects and global loans Germany agency business for Federal GovernmentBusiness Area KommunalbankInternationalproject andexport financeBusiness Area Export and Project FinanceBusiness Area KfW Development Bank/DEGPromotion ofdeveloping andtransition countriesPromotion of environmental and climate protection
4 Some key figures (2011) Development Bank DEG Staff (without local staff)650 2,680 in 134 countriesOngoing projectsCommitments of which KfW‘s own fundsEUR billionEUR billionDevelopment BankDisbursements 2011of which KfW‘s own fundsEUR billionEUR billionPortfolioof which KfW‘s own fundsEUR 28.2 billionEUR 13.1 billionStaff450Ongoing projects549 in 85 countriesDEGCommitments 2011EUR 1.2 billionDisbursement 2011EUR 1.1 billionPortfolio 2011EUR 5.6 billion
5 KfW Development Bank and DEG Worldwide presence - over 70 representative offices BonnKölnMoskauLondonBerlinBrüsselKiewFrankfurtBelgradSarajevoPrištinaTiflisUlan BatorNew YorkPodgoricaIstanbulTaschkentBakuBishkekDushanbeBeijingTiranaSkopjeAnkaraJerewanRabatAl-BirehDamaskusKabulAmmanIslamabadNeu-DelhiKathmanduKairoAbu DhabiDhakaHanoiMexiko-StadtMumbaiGuatemala-StadtTegucigalpaDakarBamakoNiameySanaaBangkokManilaSan SalvadorManaguaOuagadougouPhnom PhenAccraCotonouAddis AbebaJubaBogotáJaundeKampalaQuitoKigaliNairobiKinshasaDaressalamJakartaLimaLa PazBrasiliaLusakaAntananarivoWindhoekLilongweSão PauloPretoriaMaputoJohannesburg
6 German Financial Cooperation Products and their source of funds Financial Cooperation (FC)Budget funds (subsidies)KfW market funds KfWRegular FC grants & loansGrants Concessional Loans(IDA, Standard)FC Development LoansMixed FinancingComposite LoansReduced Interest LoansFC Promotional LoansFlexible terms near market rates
7 German Financial Cooperation Products and their source of funds commercial termsDevelopment LoansMixed FinancingCompositeLoanReduced- Interest LoanInterest ratePromotional LoanGrantIDA - LoanStandard ConditionGerman Government is able to offer through KfW Development Bank a broad range the of tailor-made loans depending on the type of purpose, project and the conditions in the respective sector.We are able to accompany different project or program types with financing solutions that suit its capacity and needs.Concessional Terms (all except Promotional Loans) are subject to provision of subsidies from German Government.7
8 FC development loans – brief overview Reduced interest loansGuarantee of German governmentBudget fundsKfW fundsHedging of credit risk through German government guaranteelowers the interest rate for the partner considerablyPartner countryRisk coverageKfWGrantLoanGrant reduces the interest rate for the partner countryi8
9 ECA / German government FC development loans – involved partiesguaranteeECA / German governmentCapital marketKfW fundsKS, PV,VA, BE, AK, SPBMZKfWIntergovernmental agreementBMZPayment guaranteeBudget fundsForeign governmentLoan agreementDisbursementForeign debtorDebt service99
11 Energy Efficiency in Grid-Based Power Supply under way Priority AreaEnergy EfficiencyEnergy Efficiency in Grid-Based Power Supply under wayRenewableEnergy I(BogdynHydropowerplant)FC 6.1 Mio. EURunder wayEnergyEfficiency I(TPP Darkhan)FC 10.5 Mio. EURunder wayEnergyEfficiency II(TPP IV UB)FC 8.5 Mio. EURunder wayNew ProgramEnergy EfficiencyIII (Transmissionand Substitution)planned for 2014New ProgramEnergy andEnvironmentDarkhan(Energy efficiencyin TPPs)planned for 2014
12 Priority Area Biodiversity Climate Change Adaptation and Preservation of Biodiversity ongoingProgram Biodiversity and Adoption to Climate Change11.5 Mio. EURplanned for 2013
14 Energy Sector Programme I (2004 – 2013) Total Funding Volume million IDA-LoanProgramme Objectives Contribution to reliable DC supply in power plants and in substations during normal and emergency conditions;Contribution to reliable automatic transfer of meter data from substations and power plants into the control centreProgramme Measures Rehabilitation of DC supply systems in substations including supply of spare parts and corresponding staff training;Establishment of new AMR system in CES including data collection equipment and interfacing, spare parts supply and corresponding staff trainingTarget Area Central Energy System of MongoliaProject Executing Agency National Dispatching Center; National Transmission Company
15 Renewable Energy Programme I (2006 – 2014) Total Funding Volume million EUR GrantProgramme Objective Improvement of DC supply system in Uliastai based on hydropowerProgramme Measures Rehabilitation of hydropowerplant Bogdyn;Rehabilitation of distribution grid UliastaiTarget Area Uliastai, Zavkhan AimagProject Executing Agency Ministry of Energy of Mongolia
16 Energy Efficiency Programme I (2010 – 2014) Total Funding Volume million EUR IDA-LoanProgramme Objective Contribution to more efficient power supply in the city of DarkhanProgramme Measures Modernization of TPP Darkhan including expansion of turbine house, supply and installation of new 35MW steam turbine and corresponding facilities; consultancy servicesTarget Area Darkhan, Selenge AimagProject Executing Agency Darkhan Thermal Power Plant Joint Stock Company
17 Energy Efficiency Programme II (2012 – 2015) Total Funding Volume million EUR IDA-LoanProgramme Objective Improvement of energy efficiency and reliabilty of TPP IV;Reduction of specific coal consumption and specific emissionsProgramme Measures Modernization of TPP IV including supply and installation of new water treatment plant, RPM-regulated power unit, pipe cleaning systems, and consultancy servicesTarget Area City of UlaanbaatarProject Executing Agency Thermal Power Plant IV
18 Outlook – Focal Area Energy Efficiency The Federal Ministry for Economic Cooperation and Development (BMZ) is planning further commitments for investments in the Mongolian energy sector in 2013 and 2014 to be implemented through KfW.2013: up to 30 million EUR Development Loan (special funds from IKLU-facility)2014: up to 10 million EUR Standard Loan (regular country quota)New projects are being developed based on investment planning of Ministry of Energy of Mongolia and on focal area Energy Efficiency strategy of German BMZ.Use of funds envisaged forEnergy efficiency and environmental measures in Combined Heating Plants (esp. Darkhan)Energy efficiency and supply security measures in power networksClose cooperation between Ministry of Energy and German implementing agencies GIZ and KfW in project identification and preparation.
20 Biodiversity and Adoption to Climate Change Total Funding Volume million EUR grantProgramme Objective Strenghtening of Mongolian protected area system with special regard to climate changeImprovement of living conditions of local populationProgramme Measures Implementation of a competition based application mechanism forDevelopment of key protected area infrastructure; Procurement of equipment for protected areas and regional training centres; Establishment of buffer zone funds; Support in preparation of related management plansTarget Area Mongolian Protected AreasProject Executing Agency Ministry of Environment and Green Development
21 Outlook – Focal Area Biodiversity Steps already taken / yet to be taken:2012 March: 11.5 million EUR commitment from German Government through KfW2012 November: KfW appraisal mission to Mongolia2013 April: Appraisal report submitted to German GovernmentNext stepsApproval to be received from German GovernmentDraft Financing Agreement to be submitted to MED for reviewApproval procedure on Mongolian side according to Mongolian regulationsSigning of Financing Agreement between Mongolia and KfW
23 Regional Transport Infrastructure Development To Improve Food Supply to Ulaanbaatar Total Funding Volume million EUR IDA loanProgramme Objective Improvement of living conditions and income situation of local population through improved acccess to key markets, health and social facilities;Improvement of local food supply to the capital city.Programme Measures Construction of feeder roads from SoumCentres Bornuur, Jargalant and Batsumber to National Highway towards UB.Target Area Mainly Tuv and Selenge AimagsProject Executing Agency Ministry of Roads and Transport
24 Environmentally Sound City Development Ulaanbaatar Waste Water Treatment Plant in Nisekh/ Yarmag Funds for the project committed by German Government since Government Negotiations 2008.Project preparation currently on hold due to outstanding decision from Mongolian Government regarding financing source.Alternative use of funds within the agreed areal framework („reprogramming“) is possible.Respective application needs to be submitted to German side.Final decision from Mongolian Government is expected latest during upcoming Intergovernmental Consultations.
25 Future Mongolian German Financial Cooperation Introducing of Promotional Loan Financing – also possible outside priority areasPromotional loans are a financial instrument of German Development Cooperation to close the gap between concessionary and pure commercial lending.Financing of infrastructure or equipment in the fields of transport, energy, mineral resources, etc.Not bound to the priority areas of cooperation; more flexible. But all projects shall have a development impact.Borrower can be the Government, a sub-sovereign, like a municipality or a province, or a fully or partly state owned enterprise providing a state guarantee.Promotional loans are entirely refinanced by KfW market funds. Pricing on the basis of KfW’s low funding costs (AAA rating).
26 Thank you for your attention KfW Bankengruppe KfW Office UlaanbaatarEva Schneider, Country Manager Sascha Stadtler, DirectorTel TelMob Mob
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