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Signature(s)

Amount
€ 90,000,000
Countries
Sector(s)
Sri Lanka : € 90,000,000
Energy : € 27,000,000
Credit lines : € 63,000,000
Signature date(s)
13/11/2013 : € 27,000,000
13/11/2013 : € 63,000,000
Link to source

Summary sheet

Release date
10 October 2012
Status
Reference
Signed | 13/11/2013
20120354
Project name
Promoter - financial intermediary
SME AND GREEN ENERGY GL
COMMERCIAL BANK OF CEYLON PLC
DFCC BANK
REGIONAL DEVELOPMENT BANK
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 90 million
Not applicable.
Description
Objectives

Line of credit dedicated to support investment projects that contribute to climate change mitigation and support private sector development.

The operation consists of a line of credit supporting the private and public industries and services sectors in the aftermath of the civil war. The facility would focus on projects that (i) contribute to mitigation of climate change and to the support of local private sector development through SME finance.

Environmental aspects
Procurement

The operation will support projects that contribute to the reduction of greenhouse gas emissions and other airborne pollutants. The sub-schemes are likely to include small and medium-scale investments that would be expected to have limited negative environmental impacts. However, some of the sub-schemes, due to their technical characteristics may require a mandatory environmental impact assessment or a review by the competent authority for the need to carry out an EIA.

The Bank will require the intermediary institution to ensure that any procurement procedures carried out by the final beneficiaries for the sub-projects in the field of climate change mitigation that the Bank finances are in accordance with EIB Guide to Procurement.

Comments

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Link to source
Other links

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).

Documents

Environmental and Social Data Sheet (ESDS) - SRI LANKA SME AND GREEN ENERGY GL
Publication Date
5 May 2015
Document language
Main Topic
Lending
Document Number
54912936
Document Focus
Environmental Information
Project Number
20120354
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - SRI LANKA SME AND GREEN ENERGY GL - Environmental Impact Assessment Report
Publication Date
24 Dec 2019
Document language
Main Topic
Lending
Document Number
61262419
Document Focus
Environmental Information
Project Number
20120354
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - SRI LANKA SME AND GREEN ENERGY GL
Publication Date
24 Jan 2020
Document language
Main Topic
Lending
Document Number
125124791
Document Focus
Environmental Information
Project Number
20120354
Sector(s)
Countries
Publicly available
Download now

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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.
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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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