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    Reference: 20160942
    Release date: 14 February 2018

    Promoter – Financial Intermediary

    BANCO REGIONAL DE DESENVOLVIMENTO DO EXTREMO SUL

    Location

    Description

    The purpose of this framework loan is to part-finance a series of small hydroelectric power plant projects in the southern states of Brazil, predominately in the state of Parana, contributing to climate change mitigation.

    Objectives

    The operation will support competitive and environmentally-sustainable private investments in renewable power generation, and thereby contribute to the three main objectives of the EIB's external lending mandate: climate change mitigation, development of the private sector and economic infrastructure.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 80 million

    Total cost (Approximate amount)

    EUR 160 million

    Environmental aspects

    This operation intends to bring environmental benefits by supporting investments that increase the use of renewable energies and thus help to mitigate the effects of climate change. Most of the individual schemes under this framework loan are small and are expected to have limited environmental and social impacts. However, as this concerns hydroelectric power plants, the projects could fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU (amending the 2011/92/EU) if located in the European Union, requiring the competent authorities to determine whether an EIA is required. The potential environmental and social impacts of any of the schemes, with sufficient information at the time of the appraisal, will be assessed. The promoter's capacity to ensure that the schemes are in compliance with the EIB's environmental and social standards and the principles of the relevant EU Directives will also be verified at the appraisal.

    Procurement

    It is expected that the promoters of projects under this framework loan will be private. However, identification of the applicable procurement rules will be part of the appraisal. Schemes utilising finance that requires local content requirements will not be eligible. The Bank will require the promoter to ensure that implementation of the project schemes will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 28/09/2018

    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

    Brazil Transport Urban development Energy