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    Signature(s)

    Amount
    € 27,434,842.25
    Countries
    Sector(s)
    Lebanon : € 27,434,842.25
    Energy : € 27,434,842.25
    Signature date(s)
    27/09/2019 : € 27,434,842.25
    Link to source

    Summary sheet

    Release date
    3 February 2020
    Status
    Reference
    Signed | 27/09/2019
    20180644
    Project name
    Promoter - financial intermediary
    ENERGY EFFICIENCY TELECOM LEBANON
    IPI GROUP (HOLDING) SAL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 30 million (EUR 27 million)
    USD 54 million (EUR 48 million)
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project will finance a new energy efficient infrastructure (cooling system, electrical supply, PV) for the existing and new cellular towers across Lebanon, to improve the energy efficiency and reliability of power supply, as well as increasing renewable energy consumption.

    The main objective is to foster economic resilience in Lebanon, by improving the energy efficiency and providing a reliable and sustainable source of power to telecom infrastructures. As the country experiences very frequent electricity outage, this is critical to ensure continuous service of the mobile networks. Another objective is to contribute to climate change mitigation by increasing electricity generation capacity from renewable sources.

    Environmental aspects
    Procurement

    The project will bring global environmental benefits, through energy savings and CO2 emissions reduction. It will also reduce local pollution, by reducing the running hours of small and very polluting diesel generators.

    The promoter will have to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the EIB Guide to Procurement.

    Under ELM Guarantee
    Comments

    This operation is covered by the ELM Guarantee.

    The project is in line with the EIB's External Lending Mandate 2014 - 2020 and the Economic Resilience Initiative.

    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) - ENERGY EFFICIENCY TELECOM LEBANON
    Publication Date
    12 Mar 2020
    Document language
    Main Topic
    Lending
    Document Number
    87575727
    Document Focus
    Environmental Information
    Project Number
    20180644
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - ENERGY EFFICIENCY TELECOM LEBANON
    Publication Date
    31 Dec 2023
    Document language
    Main Topic
    Lending
    Document Number
    184811044
    Document Focus
    Environmental Information
    Project Number
    20180644
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    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.

    Zero tolerance against fraud and corruption

    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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