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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Poland : € 50,000,000
    Urban development : € 8,000,000
    Energy : € 42,000,000
    Signature date(s)
    29/06/2010 : € 8,000,000
    29/06/2010 : € 42,000,000

    Summary sheet

    Release date
    20 January 2010
    Status
    Reference
    Signed | 29/06/2010
    20090700
    Project name
    Promoter - financial intermediary
    NFOSIGW Green Investment Scheme

    National Fund for Environmental Protection and Water Management (Narodowy Fundusz Ochrony Środowiska i Gospodarki Wodnej, NFOSIGW).

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 150 million
    Description
    Objectives

    Selected projects such as biomass fired power plants, biogas plants producing heat and electricity and energy efficient refurbishment of public buildings.

    The projects are eligible for both subsidies and loan finance. The Polish government has signed an Assigned Amount Unit Purchase Agreement with Spain. Spain will contribute in this way 25 MEUR to a Green Investment Scheme managed by the National Environmental Protection and Wastewater Management Fund (NFOSIGW). The projects will receive up to 30% grants and may in addition request an additional 45% of loans from the NFOSIGW.

    The proposed operation would support a series of investments in renewable energy and energy efficiency that would contribute to the EU energy and climate change objectives.

    Environmental aspects
    Procurement

    This operation intends to bring environmental benefits by supporting projects that help to mitigate climate change and reduce energy consumption. The individual schemes are likely to be small and would be expected to have limited environmental impacts. Due to their technical characteristics, the schemes to be proposed for allocation are likely to fall under Annex II of the EIA Directive. The Bank will assess the promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations.

    The Bank will review the systems and procedures applied by the promoter during appraisal, including compliance with relevant national and EU legislation, as defined by Procurement Directive 2004/17/EC, and publication in the Official Journal of the EU where appropriate.

    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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