NFOSIGW - GREEN INVESTMENT SCHEME

Selected projects such as biomass fired power plants, biogas plants producing heat and electricity and energy efficient refurbishment of public buildings.

The projects are eligible for both subsidies and loan finance. The Polish government has signed an Assigned Amount Unit Purchase Agreement with Spain. Spain will contribute in this way 25 MEUR to a Green Investment Scheme managed by the National Environmental Protection and Wastewater Management Fund (NFOSIGW). The projects will receive up to 30% grants and may in addition request an additional 45% of loans from the NFOSIGW.

The proposed operation would support a series of investments in renewable energy and energy efficiency that would contribute to the EU energy and climate change objectives.

This operation intends to bring environmental benefits by supporting projects that help to mitigate climate change and reduce energy consumption. The individual schemes are likely to be small and would be expected to have limited environmental impacts. Due to their technical characteristics, the schemes to be proposed for allocation are likely to fall under Annex II of the EIA Directive. The Bank will assess the promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations.

The Bank will review the systems and procedures applied by the promoter during appraisal, including compliance with relevant national and EU legislation, as defined by Procurement Directive 2004/17/EC, and publication in the Official Journal of the EU where appropriate.