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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Spain : € 75,000,000
    Credit lines : € 75,000,000
    Signature date(s)
    19/10/2017 : € 75,000,000
    Link to source

    Summary sheet

    Release date
    12 June 2017
    Status
    Reference
    Signed | 19/10/2017
    20170115
    Project name
    Promoter - financial intermediary
    ICO-IDAE ENERGY EFFICIENCY MBIL
    INSTITUTO DE CREDITO OFICIAL (ICO)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 75 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Loan to Instituto de Crédito Oficial (ICO) to enhance and complement the incentive programmes put in place by the Instituto para la Diversificación y Ahorro de la Energía (IDAE), Spain's energy efficiency agency

    Financing of small/medium projects carried out by small and medium-sized enterprises (SMEs) and mid-caps in the industrial and hospitality sectors

    Environmental aspects
    Procurement

    In accordance with the Bank's policy to ensure that loans and guarantees comply with the EU acquis, in particular in the field of the environment, the Bank will require the promoter to take all the requisite measures to ensure that the environmental procedures carried out by the final recipients under the new portfolio comply with relevant EU legislation and applicable national legislation, provided that it is in conformity with EU rules.

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Link to source

    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).

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