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    Reference: 20200199
    Release date: 19 November 2020

    Promoter – Financial Intermediary

    DWS INTERNATIONAL GMBH

    Location

    Description

    Debt fund to finance companies and assets that contribute to improved access to electricity using renewables in sub-Saharan Africa (junior financing under BMU mandate).

    Objectives

    The fund targets medium- to long-term debt (up to 10 years) to develop, build and/or operate renewable energy installations, to provide access to clean energy for households and businesses, or to provide ancillary services in the energy supply chain in sub-Saharan Africa.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    USD 10 million (EUR 8 million)

    Total cost (Approximate amount)

    USD 300 million (EUR 248 million)

    Environmental aspects

    The fund's operational guidelines will provide for environmental and social due diligence of all projects, according to guidelines acceptable to the EIB.

    Procurement

    The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

    Status

    Approved - 12/05/2021

    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

    Regional - Africa Energy