Release date: 16 January 2009
Promoter – Financial Intermediary
Private sector operation
Location
Description
The project involves the construction of a 2.75 MW wind farm in the main island of Vanuatu (Efate).
Objectives
The project will reduce the quantity of diesel fuel consumed by existing diesel generator units, thereby generating significant cost savings as well as avoiding the emission of CO2 and other polluting gases.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 4.30 million.
Total cost (Approximate amount)
EUR 5.72 million.
Environmental aspects
The overall environmental impact of this project is considered to be acceptable to the Bank.
Procurement
The procurement procedures employed by the promoter are considered satisfactory to the Bank.
Status
Signed - 20/10/2009
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).