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    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.
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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.

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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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