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COFIDE CLIMATE ACTION FL

Signature(s)

Amount
€ 81,572,722.08
Countries
Sector(s)
Peru : € 81,572,722.08
Energy : € 81,572,722.08
Signature date(s)
18/12/2020 : € 81,572,722.08
Link to source

Summary sheet

Release date
7 April 2020
Status
Reference
Signed | 18/12/2020
20190644
Project name
Promoter - financial intermediary
COFIDE CLIMATE ACTION FL
CORPORACION FINANCIERA DE DESARROLLO SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 100 million (EUR 88 million)
USD 200 million (EUR 175 million)
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The operation consists of an intermediated framework loan through Peru's development bank to partly finance climate action investment projects, mainly in the sustainable energy sector, across the country.

The project will contribute to increasing local energy security and sustainable economic growth in Peru, by promoting renewable energy and energy efficiency, thereby reducing CO2 emissions.

Environmental aspects
Procurement

The operation will provide environmental benefits by supporting investments that increase the use of renewable energy and/or energy efficiency technologies, and thus, help mitigating climate change.

The promoters of the sub-projects to be financed under the framework loan will be required that procurement of goods, works and services is carried out in accordance to EIB's Guide to Procurement.

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) - COFIDE CLIMATE ACTION FL
Publication Date
23 Jul 2020
Document language
Main Topic
Lending
Document Number
129390162
Document Focus
Environmental Information
Project Number
20190644
Sector(s)
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.
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.

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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