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Signature(s)

Amount
€ 100,000,000
Sector(s)
Energy : € 100,000,000
Signature date(s)
15/12/2011 : € 100,000,000
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Summary sheet

Release date
10 February 2011
Status
Reference
Signed | 15/12/2011
20100723
Project name
Promoter - financial intermediary
Central America Climate Change FL

Central American Bank for Economic Integration

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
Not applicable
Description
Objectives

The proposed framework loan would support mainly projects that mitigate climate change, as such it is eligible under the Energy Sustainabiltiy Facility, and supports a leading EU priority.

The proposed framework loan will be used to finance renewable energy and energy efficiency projects with a positive contribution towards the environment and the fight against climate change.

Environmental aspects
Procurement

The operation will support renewable energy projects that help reduce greenhouse gas emissions and mitigate climate change. The individual schemes to be financed are likely to be small and would be expected to have limited environmental impacts. In all cases where a formal EIA is required, a copy of the Environmental Impact Statement (EIS) will be provided to the Bank for publication prior to the Bank’s approval of the allocation. The Borrower will be required to verify that none of the schemes submitted for part-financing by the Bank have a significant negative impact on any site of nature conservation importance. Standard safeguards and monitoring procedures will be put in place to ensure that project implementation is satisfactory and complies in particular with the environmental and social requirements of the Bank.

The Bank will review 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.

Related projects
Related sub-project
Related sub-project
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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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.

Zero tolerance against fraud and corruption

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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