Global Climate Change FL

The proposed operation will support the development of renewable energy, improve energy efficiency and reduce emissions of airborne pollutants and GHGs from conventional energy production. By promoting sustainable and secure energy supplies necessary for economic growth and development, the project will contribute to the objectives of the Bank’s operations outside of the EU (economic development and climate change) and will meet the Bank’s priority objectives for energy sector lending (renewable energy/energy efficiency).

Comments

Sector(s)

Energy

Proposed EIB finance (Approximate amount)

EUR 142 million

Total cost (Approximate amount)

EUR 350 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 environmental and social impacts. None of the sub-schemes submitted for part-financing by the Bank will 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 Borrower will comply with the Bank’s Guide to Procurement including the publication of tenders in the Official Journal of the EU when appropriate.

Status

Approved - 30/11/2012.

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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Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero-tolerance against fraud and corruption

The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.

EIB Transparency Policy

The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.

Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.