Mauritius – Sustainable Island Concept

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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