Reference: 20160166
Release date: 4 October 2016

Promoter – Financial Intermediary

AUTORITES LOCALES MULTIPLES

Location

Description

Programme loan financing multiple energy efficiency investments in the municipal sector in Romania

Objectives

The proposed programme loan would finance energy efficiency investments undertaken by various Romanian municipalities and other acceptable sub-sovereign public authorities (SSPAs). At this stage, the proposed programme loan targets around 10 SSPAs.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 600 million

Total cost (Approximate amount)

EUR 900 million

Environmental aspects

This programme will consist of projects that intend to bring environmental benefits by supporting measures that reduce energy consumption, and help to mitigate climate change. The sub-projects to be financed under the different allocations are small and are expected to have a very limited negative environmental impact. Given the scale, location and nature of the sub-projects an environmental impact assessment (EIA), as defined under the EIA Directive 2011/92/EU, is normally not required. The subprojects consisting of thermal building refurbishments of buildings will comply with the Energy Performance of Buildings Directive 2010/31/EU requirements.

Procurement

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.

Status

Approved - 13/12/2016

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Romania Services