Release date: 10 March 2011
Promoter – Financial Intermediary
Denizbank A.S.
www.denizbank.com
Location
Description
The proposed framework loan will support a series of investments in renewable energy and energy efficiency that will contribute to security of supply and the avoidance or reduction in greenhouse gas emissions and other atmospheric pollutants.
Objectives
The project will contribute to EU renewable energy and environmental policies (particularly climate change policies), it meets the Bank’s priority objectives for energy sector lending (renewable energy sources, energy efficiency) and supports a priority objective of the Accession Partnership with the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 75 million (or equivalent)
Total cost (Approximate amount)
Up to EUR 150 million
Environmental aspects
The individual schemes could be categorised as Annex I or II-type projects under the EIA Directive, which would require respectively a mandatory EIA or a review by the competent authority for the need to conduct one. The Bank will assess the promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations as well as its capacity to support the Bank's Public Disclosure Policy.
Procurement
The Bank will review systems and procedures applied by the promoter during appraisal, including compliance with relevant national legislation and the principles of the EU laws on the subject. The Bank will ensure the underlying projects comply with the Bank’s Guide to Procurement, specifically with the principles of economy, quality and efficiency and with that of non discrimination of suppliers on the basis of their nationality.
Status
Signed - 18/04/2011
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).