JREEEF Fund, established in 2012 under Energy Efficiency and Renewable Energy Law 13 and operationalized in 2015 via Bylaw 49, operates under the Ministry of Energy and Mineral Resources (MEMR) to provide funding for energy efficiency and renewable energy initiatives at the end-user level. It facilitates access to financing from banks and financial institutions through various mechanisms like interest rate subsidies, revolving funds, and credit guarantees. JREEEF’s mission is to promote renewable energy usage in the national energy mix and enhance energy efficiency across sectors in line with the National Energy Strategy. It provides financial resources and technical assistance to energy users and project developers, aiming to deploy renewable energy and energy efficiency technologies, mitigate risks, and expand market potential. The vision is to lead national efforts in optimizing energy consumption by implementing sustainable solutions in coordination with local and international stakeholders. There is no active program now.
