Release date: 12 March 2010
Promoter – Financial Intermediary
- Banque Calédonienne d’Investissement (BCI)
- Société Générale Calédonienne de Banque (SGCB)
- BNP Paribas Nouvelle-Calédonie
- Groupe Caisse d’Epargne (GCE)
Location
Description
Credit line for BCI, SGCB, BNP Paribas N-C and GCE for financing projects in the environmental, renewable energy (hydropower, solar energy, wave energy, etc.) and waste management sectors in New Caledonia.
Objectives
This credit line will enable long-term resources to be provided for projects in the above-mentioned sectors. It is fully consistent with the EIB’s renewable energy financing objectives and the Commission’s strategy for the Pacific Islands, which is based on a “blue-green” central theme focusing on the environment and renewable energy.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 10 million. for the four banks.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The intermediary banks undertake to propose to the EIB a list of environmental projects that are likely to be suitable for financing through this loan from the Bank. The banks will submit to the EIB the requisite environmental approvals, which may be based on estimates of the project's environmental impact. The EIB reserves the right to request additional analyses to ensure that the projects financed comply with the Bank's environmental guidelines.
Procurement
The intermediary banks will ensure that the procurement procedures comply with the EIB's guidelines and the European Union regulations applicable in New Caledonia.
Status
Signed - 8/07/2010
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).