Release date: 27 June 2013
Promoter – Financial Intermediary
ACCEPTABLE CORPORATESLocation
Description
Framework loan to finance energy efficiency projects carried out by energy services companies, including rehabilitation of buildings, street lighting and other investments.
Objectives
The present loan will be specifically earmarked for projects that contribute to promoting energy efficiency and also to tackling the effects of climate change.
Comments
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 200 million
Environmental aspects
This operation intends to bring environmental benefits by supporting projects that reduce energy consumption, to increase the use of renewable energies and to help mitigate climate change. The cumulative impact of sub-projects could generate significant environmental benefits. The individual schemes to be financed are likely to be small and are expected to have limited environmental impacts. The Bank will assess the energy service companies' (ESCOs’) 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, which aims at facilitating access by the public to environmentally relevant information.
Procurement
For public sector projects, contracts will be awarded following a public procurement procedure carried out by the public authority. The compliance of the procurement procedures applied with the relevant directives and national regulations will be analysed. The Bank will, in any case, review systems and procedures for procurement applied by the promoters, including an appropriate selection of works, goods and services offered at competitive prices and including compliance with relevant national and EU legislation and publication in the Official Journal of the EU where appropriate.
Status
Signed - 5/12/2014
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).