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Mauritius – Sustainable Island Concept

Submitted by Baerbel Epp on March 1, 2010

Mauritius is going to have a new grant scheme for solar water heaters (SWH) of Mauritian Rupees (MUR) 5,000 (EUR 120). later in 2010. These grants will only be provided for products which meet the standards the Mauritius Standards Bureau (MSB) will define for the programme. Although the initial target had been 25,000 applications for the programme, in the end, the previous solar water heater scheme attracted over 49,000.

According to market players, the new incentive programme will just start when all application submitted unter the former scheme in 2009 will be completely processed.

 

Country / region

Mauritius

Name of programme  

Maurice Ile Durable (MID) concept

Type of incentive  

Grant and loan

Eligible technologies  

Solar water heaters

Applicable sectors  

Individuals and home owners

Amount  

Grant of 5,000 MUR per system (120 €)

And a loan of up to 25,000 MUR, with an interest rate of 9 %.

Repayment Period: up to 7 years - fixed instalments per month

Maximum incentive  

5,000 MUR

Requirements for system  

System must satisfy the standards set by the Mauritius Standards Bureau

Requirements for installation  

Supplier must be registered with the Development Bank of Mauritius (see the list on www.dbm.mu below "registered solar water suppliers")

Finance provider  

Development Bank of Mauritius

Total funds  

250 million MUR (5.9 million €) available for solar water heating

Effective date  

Later in 2010

Expiration date  

December 2015

Website  

http://www.dbm.mu/pages/loans/info.php?loan_id=30

Last review of this tabloid  

February 2010

Contact

Development Bank of Mauritius
Rue la Caussée
Port-Louis
Phone +230 / 203 3600
Fax +230 / 208 84 98
Email :
dbm@intnet.mu

Effective Date: 
April 1, 2010
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