Release date: 3 March 2020
Promoter – Financial Intermediary
ASPER INVESTMENT MANAGEMENT LTDLocation
Description
The project concerns an investment vehicle targeting equity investments in district heating projects. Structured as a fund it will invest in a non-blindpool of exclusive projects focused on Dutch heat networks.
Objectives
The operation will contribute to the reduction of air pollution levels and the improvement of public health. The investment will improve living conditions and will ensure alignment with the EU standards, as well as help to build up economic and social resilience, with a priority on efficiency improvements.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 350 million
Environmental aspects
The Fund's environmental and social aspects will be assessed during appraisal to ensure compliance with EIB's Environmental and Social Standards, EU's and national legislation. Additionally, the review will also concern the capacity of the Fund Manager to assess and monitor environmental and social risks and impacts.
Procurement
The Fund Manager will have to take all measures to ensure that contracts for the implementation of the projects financed by the Fund will be tendered in line with the relevant applicable EU procurement legislation.
Status
Signed - 5/08/2020
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).