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Signature(s)

Amount
€ 90,000,000
Countries
Sector(s)
Belarus : € 90,000,000
Urban development : € 27,360,000
Energy : € 62,640,000
Signature date(s)
22/11/2019 : € 27,360,000
22/11/2019 : € 62,640,000
Link to source

Summary sheet

Release date
20 February 2019
Status
Reference
Signed | 22/11/2019
20180013
Project name
Promoter - financial intermediary
BELARUS SUSTAINABLE ENERGY SCALE-UP
STATE COMMITTEE FOR STANDARDIZATION
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 90 million
EUR 180 million
Location
Sector(s)
Description
Objectives

The project consists of investment in biomass-based heat generators, district heating grid modernisation and thermal renovation of multi apartment buildings.

Scale up renewable wood biomass utilisation and efficient energy use in space heating of multi-apartment buildings in selected urban localities in Belarus.

Environmental aspects
Procurement

All project's components are expected to be operated and implemented in conformity with applicable national and EU environmental legislations. The project is not expected to have a significant negative impact on the environment. Some project components may be subject to the Environmental and Social Impact Assessment (ESIA). The project will be implemented in line with EIB environmental standards.

All project contracts will be co-financed by EIB and the World Bank. Both IFIs agreed that the World Bank will carry out the supervision of procurement operations on behalf of the two institutions in accordance with Principles of Collaboration signed by both parties.

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Link to source

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).

Documents

Environmental and Social Data Sheet (ESDS) - BELARUS SUSTAINABLE ENERGY SCALE-UP
Publication Date
3 May 2019
Document language
Main Topic
Lending
Document Number
88779203
Document Focus
Environmental Information
Project Number
20180013
Countries
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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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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