Application — §5 Budget

Application §5·Budget

USD 2.5 million, stated plainly.

Roughly four dollars in five requested from the EU, the remainder contributed one-to-one by Genco and EE. The statement below is indicative — it will be rebuilt on the call's own template, in euros, the moment the Guidelines arrive.

Direct costs USD 2,232,000 Indirect 7% · contingency 5% EUR rebuild pending Guidelines

5.1How it is funded

The funding split is deliberately at the programme's ceiling: the maximum 80% from the EU, the minimum 20% from the partners' own resources. The co-financing — approximately USD 500,000 — is committed one-to-one by Genco and EE, mirroring the 50/50 economic principle agreed in the memo, and the same cash covers any overrun beyond the contingency reserve.

EU grant — ~USD 2.0M · 80% Genco + EE co-financing 1:1 — ~USD 0.5M · 20%

5.2The statement

Just over half of the direct budget is the plant itself — equipment, installation and commissioning, including the preprocessing and QC line. The balance funds the programme around it: the MSME feedstock chain, the studies and certification that make the evidence, the capacity building, the scale-up work, and the management that holds it together. Shares of direct costs are rounded to one decimal. Feedstock purchases and working capital are deliberately absent from this table — they are commercial operating costs, funded from SPV equity and revenues, not from the grant.

HeadingShare of directUSD
Direct costs
1 · Plant, equipment and commissioning, incl. preprocessing/QC line62.3%1,390,000
2 · Feedstock chain & MSME programme — aggregation, formalisation, QC equipment10.1%225,000
3 · Environmental permitting, studies, LCA, ISCC PLUS certification6.5%145,000
4 · Capacity building and training — held ≤20% of budget8.1%180,000
5 · Scale-up, access to finance and policy dialogue4.0%90,000
6 · Project management, M&E, visibility, audit9.0%202,000
Direct costs subtotal100%2,232,000
On-costs
Indirect costs — 7% of direct—156,240
Contingency reserve — 5% of direct—111,600
Total action cost—≈ 2,500,000
Funding
Requested from the EU—≈ 2,000,000 · 80%
Co-financing — Genco/EE own resources, 1:1—≈ 500,000 · 20%
Ceiling risk — the one number to watch EU grants are euro-denominated, and USD 2.0M converts to roughly EUR 1.85M — above the 2023 call's EUR 1.5M ceiling. Either the new call's ceiling is confirmed higher, or the budget is re-phased: plant CAPEX staged across financial years, or shifted in part to co-financing, without changing the project logic. Decision point is the 24 August budget session, after Christian's confirmation with the SWITCH-Asia team.
Compliance notes If the call excludes the contingency reserve from the EU contribution — standard EU practice — the ask reduces accordingly and co-financing rises. Training is held at or below 20% of budget; indirect costs at 7%; and no feedstock purchases or working capital are charged to the grant.