Release date: 20 February 2019
Promoter – Financial Intermediary
STATE COMMITTEE FOR STANDARDIZATIONLocation
Description
The project consists of investment in biomass-based heat generators, district heating grid modernisation and thermal renovation of multi apartment buildings.
Objectives
Scale up renewable wood biomass utilisation and efficient energy use in space heating of multi-apartment buildings in selected urban localities in Belarus.
Sector(s)
- Urban development - Construction
- Energy - Electricity, gas, steam and air conditioning supply
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 90 million
Total cost (Approximate amount)
EUR 180 million
Environmental aspects
All project's components are expected to be operated and implemented in conformity with applicable national and EU environmental legislations. The project is not expected to have a significant negative impact on the environment. Some project components may be subject to the Environmental and Social Impact Assessment (ESIA). The project will be implemented in line with EIB environmental standards.
Procurement
All project contracts will be co-financed by EIB and the World Bank. Both IFIs agreed that the World Bank will carry out the supervision of procurement operations on behalf of the two institutions in accordance with Principles of Collaboration signed by both parties.
Status
Signed - 22/11/2019
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).