Release date: 15 May 2013
Promoter – Financial Intermediary
CENTRAL AMERICAN BANK FOR ECONOMIC INTEGRATIONLocation
Description
The framework loan will support renewable energy and energy efficiency projects in Honduras, Nicaragua, El Salvador, Guatemala, Costa Rica and Panama. The majority of the projects are expected to be wind, hydropower, geothermal and photovoltaic.
Objectives
The proposed framework loan will be used to finance renewable energy and energy efficiency projects with a positive contribution towards the environment and the fight against climate change.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 175 million
Total cost (Approximate amount)
EUR 400 million
Environmental aspects
The operation will support projects that contribute to the reduction of greenhouse gases emissions and other airborne pollutants. The sub-schemes are expected to have limited negative environmental and social impacts. None of the schemes submitted for part-financing by the Bank are expected to have a significant negative impact on sites of nature conservation. Standard safeguards and monitoring procedures will ensure that project implementation is satisfactory and complies in particular with the environmental and social requirements of the Bank.
Procurement
The procurement procedures applied by the project promoters shall comply with the Bank’s Guide to Procurement including the publication of tenders in the EU Official Journal when appropriate.
Status
Signed - 21/08/2013
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).