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    Reference: 20180703
    Release date: 22 December 2019

    Promoter – Financial Intermediary

    IPT POWERTECH GUINEA SA

    Location

    Description

    The project will finance a new energy efficient infrastructure (electrical and photovoltaic (PV) supply, batteries) for the existing and new cellular towers across Guinea, in order to improve the energy efficiency and reliability of power supply, as well as increasing renewable energy consumption.

    Objectives

    The promoter, an Energy Service Company (ESCO) based in Guinea, will take over the maintenance of the supporting infrastructure including but not limited to existing air-conditioning units, uninterruptible power supply (UPS) systems and back-up diesel group. The purpose of the project is to upgrade the facilities by supplying part or all of the power with solar panels, increasing storage capacity and installing free-cooling equipment. It will decrease the electricity consumption and significantly reduce both the diesel consumption and the associated maintenance costs. This project will therefore bring global and local environmental benefits

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    USD 30 million (EUR 27 million)

    Total cost (Approximate amount)

    USD 47 million (EUR 42 million)

    Environmental aspects

    The promoter will be required to implement and operate the relevant investments in conformity with national law and the EIB environmental and social standards, as set out in Vol I of the EIB Environmental and Social Handbook. This operation intends to bring environmental benefits by converting energy supply infrastructure of telecom towers to more efficient and less carbon intensive alternatives. The individual installations to be financed are likely to be very small and are expected to have very limited negative environmental impacts. The cumulated impact could instead generate important environmental benefits. An environmental impact assessment (EIA), as defined under the EIA Directive 2014/52/EU, amending 2011/92/EU, will not be required.

    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 EIB Guide to Procurement, with the publication of tender notices in the Official Journal of the European Union if required.

    Status

    Signed - 27/09/2019

    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).

    Related tags

    Guinea Energy