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Signature(s)

Amount
€ 35,000,000
Countries
Sector(s)
Morocco : € 35,000,000
Credit lines : € 35,000,000
Signature date(s)
17/03/2015 : € 5,000,000
12/10/2016 : € 15,000,000
15/11/2016 : € 15,000,000
Link to source

Summary sheet

Release date
26 June 2013
Status
Reference
Signed | 17/03/2015
20120684
Project name
Promoter - financial intermediary
FEMIP SUSTAINABLE ENERGY FACILITY
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 35 million
Not applicable.
Location
Sector(s)
Description
Objectives

The FEMIP Sustainable Energy facility aims at providing credit lines to local participating financial institutions in Jordan and Morocco to finance energy efficiency and small renewable energy investments in the industrial, SMEs, agribusiness, commercial services and residential sectors. This project will contribute to the reduction of greenhouse gas emissions and the enhancement of security of supply.

Improving access to term finance at favourable conditions.

Environmental aspects
Procurement

The operation will focus on small-size projects with, in principle, limited environmental impacts. Depending on their technical characteristics the investments may be categorised as projects falling under Annex II of the EU Enviromental Impact Assessment (EIA) Directive, leaving it to local legislation or the competent authority to determine whether or not an EIA is required. It cannot be excluded at this stage that some of the schemes may require an EIA. In all cases where a formal EIA is required, a copy of the Environmental Impact Statement will be provided to the Bank, and published on its website (or that of another involved European financial institution) at the time of allocation. Public consultation will be conducted as required. These will be verified by the financial institution and reviewed by the Bank. 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.

The facility is targeting SMEs and larger companies in the private sector; it is thus not expected to be subject to public procurement requirements. There could be cases (for example with renewable energy investments) where the sub-project could be enjoying special and exclusive rights in line with the procurement Directives, and in that case the technical consultants to the participating financial institutions will assess the need to follow public or private procurement principles. In any case, the Bank will require of the promoter and the financial institutions to ensure that the implementation of the projects will be done in accordance with the Bank's Guide to Procurement.

Under ELM Guarantee
Comments

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

This operation is covered by the EU Political Risk 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) - FEMIP SUSTAINABLE ENERGY FACILITY
Publication Date
2 Jan 2014
Document language
Main Topic
Lending
Document Number
48750273
Document Focus
Environmental Information
Project Number
20120684
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - FEMIP SUSTAINABLE ENERGY FACILITY
Publication Date
23 Dec 2021
Document language
Main Topic
Lending
Document Number
133892928
Document Focus
Environmental Information
Project Number
20120684
Sector(s)
Countries
Publicly available
Download now

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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