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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    Brazil : € 500,000,000
    Energy : € 500,000,000
    Signature date(s)
    5/10/2011 : € 500,000,000

    Summary sheet

    Release date
    7 January 2010
    Status
    Reference
    Signed | 05/10/2011
    20070360
    Project name
    Promoter - financial intermediary
    Brazil Climate Change Mitigation Framework Loan

    Banco Nacional de Desenvolvimento Economico e Social

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 500 million
    The estimated capital investment cost of the projects to be financed under the operation is EUR 1 000 million.
    Location
    Sector(s)
    Description
    Objectives

    The purpose of the framework loan is to mainly part finance small to medium size projects implemented by the private sector in Brazil focusing in the renewable energy and energy efficiency sectors.

    Contributing to i) the development of clean energy, ii) support the EU Brazil Strategic Partnership which foresees, inter alia, cooperation in promoting sustainable development and fighting climate change.

    Environmental aspects
    Procurement

    Individual schemes to be financed are likely to be small or medium-sized with limited environmental aspects. All projects shall be prepared in line with the relevant environmental guidelines, including due consideration for protection of sites of nature conservation.

    The schemes financed under the framework loan will be developed by private companies that would not be subject to EU public procurement procedures. Eligible investments shall comprise components and works that are procured in line with established best market practice following principles of economy, efficiency, and transparency.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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