ENERGY AND ENVIRONMENTAL SUSTAINABILITY PROJECT

Promoter – Financial Intermediary

SONAE MC SGPS SA

Location

• Portugal

Description

The project concerns the investment programme of Sonae in the following areas: (i) Energy; (ii) Water; (iii) Food waste reduction and recovery; and (iv) environmental performance.

Objectives

The proposed project has three main goals: (i) reinforce the operational sustainability level, (ii) promote efficient energy consumption, and (iii) promote food waste reduction and recovery.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply
• Solid waste - Water supply; sewerage, waste management and remediation activities
• Water, sewerage - Water supply; sewerage, waste management and remediation activities
• Industry - Water supply; sewerage, waste management and remediation activities
• Industry - Construction
• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

EUR 55 million

Total cost (Approximate amount)

EUR 128 million

Environmental aspects

The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.

Procurement

The Promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 21/12/2018