1. PRESENTATION ON ENERGY FINANCING AT JAMAICA CONFERENCE CENTRE
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

2. Who are We? Wholly owned Government of Jamaica corporation
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.

3. DBJ’s Mission… to facilitate and promote
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

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

5. DBJ provides loan financing…
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…

6. DBJ provides loan financing…
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)

7. DBJ provides loan financing …
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

8. DBJ Lines of Credit

9. DBJ provides loan financing…
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

10. Renewable Energy Technologies
DBJ’s role in Energy
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

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

12. Inter-American Development Bank (IDB)
Promoting Energy…
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

13. Energy financing… DBJ Regular Funds PetroCaribe Development Fund
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

14. Energy Equipment Suppliers and Energy Service Companies
Energy financing…
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

15. Energy opportunities… (to increase net cash flow)
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

16. Energy financing…
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.

17. Energy financing… in summary … DBJ has Energy Loans available for
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

18.
Thank you.
Discussion.
Edison Galbraith General Manager Loan Origination & Portfolio Management Development Bank of Jamaica Limited 11A – 15 Oxford Road Kingston 5, Jamaica