Release date: 10 February 2011
Promoter – Financial Intermediary
Central American Bank for Economic Integration
Location
Description
The proposed framework loan would support mainly projects that mitigate climate change, as such it is eligible under the Energy Sustainabiltiy Facility, and supports a leading EU priority.
Objectives
The proposed framework loan will be used to finance renewable energy and energy efficiency projects with a positive contribution towards the environment and the fight against climate change.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
The operation will support renewable energy projects that help reduce greenhouse gas emissions and mitigate climate change. The individual schemes to be financed are likely to be small and would be expected to have limited environmental impacts. In all cases where a formal EIA is required, a copy of the Environmental Impact Statement (EIS) will be provided to the Bank for publication prior to the Bank’s approval of the allocation. 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. Standard safeguards and monitoring procedures will be put in place to ensure that project implementation is satisfactory and complies in particular with the environmental and social requirements of the Bank.
Procurement
The Bank will review systems and procedures applied by the promoter during appraisal, including compliance with relevant national and EU legislation, as defined by Procurement Directive 2004/17/EC, and publication in the Official Journal of the EU where appropriate.
Status
Signed - 15/12/2011
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).