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    Signature(s)

    Amount
    € 40,000,000
    Countries
    Sector(s)
    South Africa : € 40,000,000
    Energy : € 40,000,000
    Signature date(s)
    30/11/2009 : € 40,000,000
    Link to source

    Summary sheet

    Release date
    18 September 2008
    Status
    Reference
    Signed | 30/11/2009
    20070446
    Project name
    Promoter - financial intermediary
    RMB Energy Efficiency GL

    FirstRand Bank Ltd  

     

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 40 million.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Line of credit for financing small- and medium-scale investments in the area of energy efficiency and renewable energy.

     

    Ensure the security of energy supply and growing electricity demand through significant investment in cogeneration capacity, renewable energy, and other energy efficiency measures. 

    Environmental aspects
    Procurement

    The project will contribute to reducing GHG emissions’ intensity in the electricity sector using technology that is likely to have a limited negative environmental impact. The borrower will be required to obtain the non-technical summaries for any EIAs that are required by the authorities, and to confirm that the projects will not have a negative impact on sites of nature conservation.

     

    Procurement shall be undertaken in accordance with the Bank’s Procurement Guidelines.

    Link to source

    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).

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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

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

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