Release date: 7 January 2010
Promoter – Financial Intermediary
Banco Nacional de Desenvolvimento Economico e Social
Location
Description
The purpose of the framework loan is to mainly part finance small to medium size projects implemented by the private sector in Brazil focusing in the renewable energy and energy efficiency sectors.
Objectives
Contributing to i) the development of clean energy, ii) support the EU Brazil Strategic Partnership which foresees, inter alia, cooperation in promoting sustainable development and fighting climate change.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 500 million
Total cost (Approximate amount)
The estimated capital investment cost of the projects to be financed under the operation is EUR 1 000 million.
Environmental aspects
Individual schemes to be financed are likely to be small or medium-sized with limited environmental aspects. All projects shall be prepared in line with the relevant environmental guidelines, including due consideration for protection of sites of nature conservation.
Procurement
The schemes financed under the framework loan will be developed by private companies that would not be subject to EU public procurement procedures. Eligible investments shall comprise components and works that are procured in line with established best market practice following principles of economy, efficiency, and transparency.
Status
Signed - 5/10/2011
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).