Within the framework of the EIB External Lending Mandate, priority is given to projects which contribute to improving energy supplies and environmental protection. Borrowing counterparts will include both public sector entities and private sector companies.

Eligible projects in the energy sector: expansion, modernisation and upgrading of infrastructure and procurement of equipment for:

1. Gas and oil networks leading to improved performance and increased safety and security of gas supplies to the EU
2. Oil and gas extraction facilities, where EIB funding will focus on equipment and infrastructure for environmental protection purposes.
3. Electricity generation plants and electricity transmission lines, providing substantial energy saving and environmental protection benefits.

Eligible projects in the environmental sector: expansion, modernisation and upgrading of infrastructure and procurement of equipment for energy saving as well as schemes leading to a significant improvement of the environment.

In addition, Central Asian countries are eligible under the Bank’s Climate Action and Environment Facility (CAEF) for investment grade projects in renewable energy, energy efficiency, carbon capture, transportation or storage projects aiming specifically to reduce greenhouse gas emissions and projects contributing substantially to security of EU energy supply.