DENIZBANK CLIMATE CHANGE FACILITY

The proposed framework loan will support a series of investments in renewable energy and energy efficiency that will contribute to security of supply and the avoidance or reduction in greenhouse gas emissions and other atmospheric pollutants.

The project will contribute to EU renewable energy and environmental policies (particularly climate change policies), it meets the Bank’s priority objectives for energy sector lending (renewable energy sources, energy efficiency) and supports a priority objective of the Accession Partnership with the EU.

The individual schemes could be categorised as Annex I or II-type projects under the EIA Directive, which would require respectively a mandatory EIA or a review by the competent authority for the need to conduct one. The Bank will assess the promoter’s capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations as well as its capacity to support the Bank's Public Disclosure Policy.

The Bank will review systems and procedures applied by the promoter during appraisal, including compliance with relevant national legislation and the principles of the EU laws on the subject. The Bank will ensure the underlying projects comply with the Bank’s Guide to Procurement, specifically with the principles of economy, quality and efficiency and with that of non discrimination of suppliers on the basis of their nationality.