PRESENTATION ON ENERGY FINANCING AT JAMAICA CONFERENCE CENTRE www.dbankjm.com Edison Galbraith General Manager Loan Origination & Portfolio Management PRESENTATION ON ENERGY FINANCING AT THE LAUNCH OF THE INTERNATIONAL YEAR OF SUSTAINABLE ENERGY FOR ALL (SE4ALL) JAMAICA CONFERENCE CENTRE KINGSTON, JAMACA JULY 31, 2012

Who are We? Wholly owned Government of Jamaica corporation www.dbankjm.com Who are We? Wholly owned Government of Jamaica corporation Merger of the Agricultural Credit Bank of Jamaica, the National Development Bank of Jamaica and the National Investment Bank of Jamaica. Mandated to foster economic growth and development of strategic sectors of the Jamaican economy.

DBJ’s Mission… to facilitate and promote www.dbankjm.com to facilitate and promote economic growth, national development and an enabling economic environment by providing businesses and government with appropriate financing, privatization and technical support solutions

Internationally competitive businesses www.dbankjm.com Jamaica, the place of choice to live, work raise families and do business DBJ’s role is to promote Internationally competitive businesses

DBJ provides loan financing… www.dbankjm.com at 9.5% in Jamaican dollars and 7.25% in United States dollars for 4 to 10 years Agriculture Agro-processing Manufacturing Mining and Quarrying Tourism Services primarily through our network of Approved Financial Institutions (AFIs) to viable projects in…

DBJ provides loan financing… www.dbankjm.com through co-financing and direct lending to large projects in strategic sectors such as Renewable Energy and ICT DBJ also promotes the development of the Micro-finance Industry by accrediting and lending through Micro-finance Institutions (MFIs)

DBJ provides loan financing … www.dbankjm.com COMMERCIAL AND MERCHANT BANKS OTHER APPROVED FINANCIAL INSTITUTIONS & AGENT MICRO FINANCE INSTITUTIONS Bank of Nova Scotia (BNS) National Commercial Bank (NCB) Capital & Credit Merchant Bank (CCMB) Citibank N/A Jamaica Co-operative Credit Union League (JCCUL) – All Credit Unions National People’s Co-operative Bank (NPCB) National Export Import Bank (EXIM) Access Financial Services Jamaica National Small Business Loans Nation Growth Microfinance Limited MicroCredit Limited First Caribbean International Bank (FCIB) Jamaica Money Market Brokers (JMMB) Churches Co-operative Credit Union First Global Bank (FGB) RBC Royal Bank (RBTT) St. Elizabeth Co-operative Credit Union St. Thomas Co-operative Credit Union PanCaribbean Bank (PCB) AGENT: Jamaica Business Development Corporation (JBDC) McKayla Financial Services Limited First Union Financial Services Limited

DBJ Lines of Credit www.dbankjm.com

DBJ provides loan financing… www.dbankjm.com at 9.5% in Jamaican dollars and 7.25% in United States dollars for 4 to 10 years Agriculture Agro-processing Manufacturing Mining and Quarrying Tourism Services for up to 90% of the Project Cost for Small and Micro Businesses and 70% for Large businesses

Renewable Energy Technologies DBJ’s role in Energy www.dbankjm.com GOJ National Renewable Energy Policy 2009 – 2030 Indicator 2009 2030 Percentage of renewables in energy mix 9% 30% Percentage diversification of energy supply 70% In support of the Policy DBJ promotes and finances investments in… Energy Conservation Energy Efficiency and Renewable Energy Technologies

Promoting Energy… Public Education, Training and Workshops Banks www.dbankjm.com DBJ facilitates Public Education, Training and Workshops Involving Banks Businesses Engineers and Auditors Energy Equipment Suppliers DBJ also serves on various GOJ Committees

Inter-American Development Bank (IDB) Promoting Energy… www.dbankjm.com Inter-American Development Bank (IDB) DBJ has partnered with the IDB to secure US$807,000 funding to Promote Energy Efficiency/Conservation in the SME Sector 3 Components: 1. Demand Study on Energy efficiency, conservation and alternative sources of energy 2. Training Programme for Certified Energy Auditors/Managers (CEM) 3. Demonstration Projects for Public Education

Energy financing… DBJ Regular Funds PetroCaribe Development Fund www.dbankjm.com DBJ Regular Funds Available to Micro, Small, Medium and Large projects as well as Householders PetroCaribe Development Fund DBJ secured J$1B to finance SME Energy projects The World Bank / MSTEM The World Bank has committed US$4.6M in loan financing for SME Energy projects as part of a US$15M Energy Security and Efficiency Enhancement Programme

Energy Equipment Suppliers and Energy Service Companies Energy financing… www.dbankjm.com DBJ loans are currently available through AFIs and MFIs in Jamaican dollars at 7.5% to 9.5% and in United States dollars at 5.75% to 7.5% for up to 10 years to all sectors for projects involving… Energy Conservation, Energy Efficiency and Renewable Energy as well as for Energy Auditors Energy Equipment Suppliers and Energy Service Companies in addition a special Line of Credit is available allowing Householders up to J$2M at 9.5% for up to 5 years

Energy opportunities… (to increase net cash flow) www.dbankjm.com Energy Conservation Energy Efficiency Renewable Energy Consumers Householders Businesses - Existing and New Government Service Providers Certified Energy Auditors/Managers/Engineers Energy Equipment Suppliers/Energy Service Companies Electricians/Technicians - Installation, Maintenance and Repairs Bankers/Financial Institutions - Loans, Leases New Businesses Energy Generation and Supply

Energy financing… www.dbankjm.com To date DBJ has approved over J$443M in Energy loans to 27 projects Sectors include manufacturing, agriculture, agro-processing, restaurant/food service, tourist attraction, small hotel, retail store, contact centre, offices as well as energy equipment suppliers All incorporated energy efficiency solutions with the renewable energy technologies implemented ranging from solar and PV systems to bio-digesters and wind turbines.

Energy financing… in summary … DBJ has Energy Loans available for www.dbankjm.com in summary … DBJ has Energy Loans available for ALL Businesses at 7.5% and 9.5% for up to 10 years (including Energy Auditors, Energy Equipment Suppliers) Householders at 9.5% for up to 5 years Funding for Energy Audits DBJ also has available funding to offset J$200,000 of the cost of Energy Audits Credit Enhancement Fund DBJ also has available partial loan guarantees of J$10M available for SME Energy projects

www.dbankjm.com Thank you. Discussion. Edison Galbraith General Manager Loan Origination & Portfolio Management Development Bank of Jamaica Limited 11A – 15 Oxford Road Kingston 5, Jamaica