Release date: 18 September 2008
Promoter – Financial Intermediary
FirstRand Bank Ltd
Location
Description
Line of credit for financing small- and medium-scale investments in the area of energy efficiency and renewable energy.
Objectives
Ensure the security of energy supply and growing electricity demand through significant investment in cogeneration capacity, renewable energy, and other energy efficiency measures.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The project will contribute to reducing GHG emissions’ intensity in the electricity sector using technology that is likely to have a limited negative environmental impact. The borrower will be required to obtain the non-technical summaries for any EIAs that are required by the authorities, and to confirm that the projects will not have a negative impact on sites of nature conservation.
Procurement
Procurement shall be undertaken in accordance with the Bank’s Procurement Guidelines.
Status
Signed - 30/11/2009
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).