The project concerns development and refurbishment investments (including furnace reconstruction) of the Beta Glass Plc company in Nigeria. Investments will take place in the two existing plants dedicated to the production of glass containers.
Objectives
The project aims to modernise existing production, enlarge the product mix and improve the product quality, increasing production flexibility and efficiency, and finally increasing the global production capacity. The project has a significant environmental sustainability component through the usage of natural gas as energy source, light weight glass, and the collection and use of recycled glass.
Comments
Sector(s)
Industry
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 90 million
Environmental aspects
The project has a significant environmental sustainability component as discussed above. The promoter has identified all relevant environmental issues and is taking mitigating measures where appropriate, according to EIB policy to protect and improve the environment.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank's Guide to Procurement.
Status
Approved
-
24/07/2012.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
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