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    Signature(s)

    Amount
    € 27,434,842.25
    Countries
    Sector(s)
    Guinea : € 27,434,842.25
    Energy : € 27,434,842.25
    Signature date(s)
    27/09/2019 : € 27,434,842.25
    Link to source

    Summary sheet

    Release date
    22 December 2019
    Status
    Reference
    Signed | 27/09/2019
    20180703
    Project name
    Promoter - financial intermediary
    ENERGY EFFICIENCY TELECOM GUINEA
    IPT POWERTECH GUINEA SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 30 million (EUR 27 million)
    USD 47 million (EUR 42 million)
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project will finance a new energy efficient infrastructure (electrical and photovoltaic (PV) supply, batteries) for the existing and new cellular towers across Guinea, in order to improve the energy efficiency and reliability of power supply, as well as increasing renewable energy consumption.

    The promoter, an Energy Service Company (ESCO) based in Guinea, will take over the maintenance of the supporting infrastructure including but not limited to existing air-conditioning units, uninterruptible power supply (UPS) systems and back-up diesel group. The purpose of the project is to upgrade the facilities by supplying part or all of the power with solar panels, increasing storage capacity and installing free-cooling equipment. It will decrease the electricity consumption and significantly reduce both the diesel consumption and the associated maintenance costs. This project will therefore bring global and local environmental benefits

    Environmental aspects
    Procurement

    The promoter will be required to implement and operate the relevant investments in conformity with national law and the EIB environmental and social standards, as set out in Vol I of the EIB Environmental and Social Handbook. This operation intends to bring environmental benefits by converting energy supply infrastructure of telecom towers to more efficient and less carbon intensive alternatives. The individual installations to be financed are likely to be very small and are expected to have very limited negative environmental impacts. The cumulated impact could instead generate important environmental benefits. An environmental impact assessment (EIA), as defined under the EIA Directive 2014/52/EU, amending 2011/92/EU, will not be required.

    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 EIB Guide to Procurement, with the publication of tender notices in the Official Journal of the European Union if 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).

    Documents

    Environmental and Social Data Sheet (ESDS) - ENERGY EFFICIENCY TELECOM GUINEA
    Publication Date
    1 Feb 2020
    Document language
    Main Topic
    Lending
    Document Number
    91808472
    Document Focus
    Environmental Information
    Project Number
    20180703
    Sector(s)
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - ENERGY EFFICIENCY TELECOM GUINEA
    Publication Date
    24 Dec 2022
    Document language
    Main Topic
    Lending
    Document Number
    164852917
    Document Focus
    Environmental Information
    Project Number
    20180703
    Sector(s)
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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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.
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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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