Release date: 21 February 2018
Promoter – Financial Intermediary
ACCEPTABLE CORPORATE(S),PRIVATE ENTITY(IES),PUBLIC ENTITY(IES)Location
Description
The project consists of a Programme Loan to finance investments in the heating sector in Poland.
Objectives
The proposed Programme Loan ("PL") intends to fund several projects ("sub-projects") implemented by promoters active in the district heating sector. The PL will finance a series of capex investments in heat generation and distribution facilities. Eligible projects will typically include both new generation and distribution assets as well as the refurbishment of existing facilities.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 94 million
Total cost (Approximate amount)
EUR 700 million
Environmental aspects
The programme comprises numerous investment schemes from large combined heat and power plants which are subject to Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU to small investments in the network with limited environmental impact. Some programme schemes may also fall under Annex II of the EIA Directive thus requiring a review by the competent authorities at the planning/consent stage with due regard to the necessity for environmental and biodiversity impact and appropriate assessments. The environmental aspects of the project will be appropriately assessed as part of the Bank's appraisal process.
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 2004/17/EC or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as the Directive 92/13/EEC), as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union, as and where required.
Status
Approved - 17/07/2018
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).