Signature(s)
Summary sheet
- Energy - Electricity, gas, steam and air conditioning supply
- Credit lines - Credit lines
A Framework Loan to the Development Bank of El Salvador to partly finance sustainable energy projects and to provide contingency financial support to small and medium-sized enterprises (SMEs) in the context of the COVID-19 pandemic.
The main purpose of the operation is to partly finance sustainable energy initiatives and to provide contingency financial support to SMEs in the context of the COVID-19 pandemic. The energy component of this operation will contribute to the achievement of climate change mitigation, which is one of the high-level horizontal objectives of the External Lending Mandate (ELM), and to the development of sustainable economic growth and of the private sector. The SME component of this operation will support small and medium-sized enterprises impacted by the COVID-19 pandemic in El Salvador.
The energy component of the operation intends to generate environmental benefits by supporting renewable energy (i.e. solar photovoltaic, biogas and mini hydropower) and energy efficiency measures that help to mitigate climate change through the reduction of greenhouse gas emissions. For the SME component of the operation, final beneficiaries will be requested to comply with applicable national legislation and the EIB's Environmental and Social Standards, as appropriate.
The Promoters and final beneficiaries of the sub-projects to be financed under this operation will be required to ensure that procurement of goods, works and services is carried out in accordance with the EIB's Guide to Procurement. It is expected that the Promoters of the energy component of the operation will be predominantly private entities and therefore will follow private procurement rules.
This operation is covered by the ELM Guarantee.
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
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.
Related publications