Financing Utilities for Sustainable Energy Development (FUSED)

The FUSED Program aims to contribute in the increase access to electricity services through financing in order to help achieve inclusive growth and poverty reduction. At the end of the FUSED Program by 2030, it is expected to have at least funded Php 90 Billion of the estimated investment requirement for power generation and distribution in the Philippine Energy Plan 2012-2030.

Program Objectives

Specific Development Objectives:

1. To contribute to the attainment of the Philippine Energy Plan 2020 – 2040, Philippine Development Plan, and the United Nation’s Sustainable Development Goals 7 – Affordable and Clean Energy, to ensure access to affordable, reliable, sustainable, and modern energy for all.

2. To contribute to the increase access to affordable, reliable, modern, and sustainable electricity services by assisting through financing the power generation, power transmission, power distribution, and retail electricity in their investment requirements to provide reliable energy services.

Eligible Borrowers

1. 1. • Private Companies (e.g., Generation Companies, Qualified Third Parties, etc.)
      • Transmission/Distribution Utilities (e.g., Private DUs, Electric Cooperatives, and Ecozone Developers/Utilities, etc.)
      • Retail Electricity Suppliers (RES)
      • National Government Agencies (e.g., National Power Corporation, Tourism Infrastructure and Enterprise Zone Authority, etc.) and Local Government Units (LGUs)

Eligible Projects

1. 1. • Development and construction of energy generation or mini-grid rural electrification projects thru conventional (diesel, bunker, etc., except coal) and renewable energy resources (hydro, wind, solar, biomass, geothermal, ocean, and other emerging technologies) including Project Preparation Activities for RE of LGUs and ECs, to address power supply system constraint
      • Rehabilitation/Upgrading of existing and operational plants
      • Power distribution and transmission projects that will improve power supply system safety, reliability, efficiency such as reduction of system losses and power service quality for existing customers through rehabilitation and upgrading of distribution system
      • Purchase of necessary equipment (hardware and software), service vehicles, tools, and other non-network projects (e.g. office building, warehouse) to improve efficiency and service delivery of power-related companies
      • Working capital requirements of Retail Electricity Suppliers in support of retail competition and open access
      • Any project which improves the reliability and efficiency of power supply and increase access to electricity services
      • Project Preparation Activities for Renewable Energy Projects of LGUs and ECs

Loan Features

Equity Participation

1. 1. • Private Companies – Minimum of 30% based on total project cost
      • Electric Cooperatives – Minimum of 10% based on total project cost
      • Local Government Units – No equity requirement

Repayment Term

1. 1. • The term of the loan shall be based on the project cash flows or depending on the source of fund. The mode of repayment shall be monthly or quarterly depending on the cash flow of the project and/or the business.

Basic Documentary Requirement

For Renewable Energy Power Projects:

1. 1. • Feasibility Study
      • Detailed Engineering Design
      • ECC/CNC including EIA Report/IEE Checklist
      • Water Rights Permit
      • Renewable Energy Development Service Contract
      • Certification Pre-Condition/Certificate of Non-Overlap
      • Grid Impact Study/Distribution Impact Study
      • Electricity Sales Agreement approved by ERC/Renewable Energy Supply Agreement
      • Engineering, Procurement and Construction (EPC) Contract
      • Proof of Ownership or Authority to Use Project Site/Right of Way

For Conventional Power Projects (diesel, bunker, etc.)

1. 1. • Feasibility Study
      • Detailed Engineering Design
      • ECC/CNC including EIA Report/IEE Checklist
      • Water Rights Permit
      • Engineering, Procurement and Construction (EPC) Contract
      • Certificate of Endorsement by Dept. of Energy
      • Certification Pre-Condition/Certificate of Non-Overlap
      • Grid Impact Study/Distribution Impact Study
      • Electricity Sales Agreement approved by ERC
      • Fuel Supply Agreement
      • Description of air pollution control facilities and the expected quality of emission. Note that the supplier should guarantee compliance of the emission to the National Emission Standards for Source Specific Air Pollutants.
      • Proof of Ownership or Authority to Use Project Site/Right of Way

For Transmission and Distribution Projects

1. 1. • CAPEX Application submitted to ERC including Distribution Development Plan
      • Latest Monthly Engineering Report
      • ECC/CNC including EIA Report/IEE Checklist
      • NEA Clearance to Borrow
      • Certification Pre-Condition/Certificate of Non-Overlap
      • Proof of Ownership or Authority to Use Project Site/Right of Way

Download Brochure

For loan application, you may contact the lending units near you:

Metro Manila Lending Group​s

Corporate Banking Group
Tel. Nos.: (02) 8812-6536
E-mail: cbg@dbp.ph

Corporate Banking I Department
Tel. Nos.: (02) 8893-8940
E-mail: cbd1@dbp.ph

Corporate Banking II Department
Tel. Nos.: (02) 8892-8369
E-mail: cbd2@dbp.ph

Financial Institutions Department
Tel. Nos.: (02) 8818-9511 loc. 3317
E-mail: fid@dbp.ph

Public Sector Department
Tel. Nos.: (02) 8815-0908
E-mail: psd@dbp.ph

SME Retail and Mid-Market Lending Group
Tel. Nos.: (02) 8893-1177
E-mail: smermmlg@dbp.ph

Middle Market I Department
Tel. Nos.: (02) 8818-9511 loc. 3322
E-mail: mmd1@dbp.ph

Middle Market Il Department
Tel. Nos.: (02) 8818-9511 loc. 3313
E-mail: mmd2@dbp.ph

SME (NCR) Department
Tel. Nos.: (02) 8812-9932
E-mail: smed@dbp.ph

Provincial Lending Groups
Kindly proceed to this link.