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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

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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.
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.

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

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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.

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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