Release date: 10 July 2013
Promoter – Financial Intermediary
VESTEL ELEKTRONIK SANAYI VE TICARET ASLocation
Description
The project concerns a selection of R&D activities to be conducted over the period 2013-2015 in consumer electronics and Information and Communications Technology (ICT).
Objectives
The project supports the promoter's long term targets to continuously develop new appliances with improved environmental performance and increased performances.
Comments
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
EUR 204 million
Environmental aspects
The project concerns investments in Research, Development and Innovation (RDI) activities that are expected to be carried out in existing facilities already used for similar activities, and would therefore not require an EIA according the Directive 2011/92/EU if located in the EU. Any possible environmental issues, including the coherence with the principles underlying the EU directives, will however be verified during the project's appraisal.
Procurement
The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 9/05/2014
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).