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    Reference: 20180013
    Release date: 20 February 2019

    Promoter – Financial Intermediary

    STATE COMMITTEE FOR STANDARDIZATION

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Belarus Urban development Energy