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Signature(s)

Amount
€ 4,300,000
Countries
Sector(s)
Vanuatu : € 4,300,000
Energy : € 4,300,000
Signature date(s)
20/10/2009 : € 4,300,000
Link to source
Data sheet

Summary sheet

Release date
16 January 2009
Status
Reference
Signed | 20/10/2009
20080600
Project name
Promoter - financial intermediary
Unelco Wind Power

Private sector operation

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 4.30 million.
EUR 5.72 million.
Location
Sector(s)
Description
Objectives

The project involves the construction of a 2.75 MW wind farm in the main island of Vanuatu (Efate).

The project will reduce the quantity of diesel fuel consumed by existing diesel generator units, thereby generating significant cost savings as well as avoiding the emission of CO2 and other polluting gases.

Environmental aspects
Procurement

The overall environmental impact of this project is considered to be acceptable to the Bank.

The procurement procedures employed by the promoter are considered satisfactory to the Bank.

Link to source
Summary sheet

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

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Data sheet
Summary sheet

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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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