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Signature(s)

Amount
€ 500,000,000
Countries
Sector(s)
Brazil : € 500,000,000
Energy : € 500,000,000
Signature date(s)
5/10/2011 : € 500,000,000
Link to source

Summary sheet

Release date
7 January 2010
Status
Reference
Signed | 05/10/2011
20070360
Project name
Promoter - financial intermediary
Brazil Climate Change Mitigation Framework Loan

Banco Nacional de Desenvolvimento Economico e Social

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 500 million
The estimated capital investment cost of the projects to be financed under the operation is EUR 1 000 million.
Location
Sector(s)
Description
Objectives

The purpose of the framework loan is to mainly part finance small to medium size projects implemented by the private sector in Brazil focusing in the renewable energy and energy efficiency sectors.

Contributing to i) the development of clean energy, ii) support the EU Brazil Strategic Partnership which foresees, inter alia, cooperation in promoting sustainable development and fighting climate change.

Environmental aspects
Procurement

Individual schemes to be financed are likely to be small or medium-sized with limited environmental aspects. All projects shall be prepared in line with the relevant environmental guidelines, including due consideration for protection of sites of nature conservation.

The schemes financed under the framework loan will be developed by private companies that would not be subject to EU public procurement procedures. Eligible investments shall comprise components and works that are procured in line with established best market practice following principles of economy, efficiency, and transparency.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

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Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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