8 March 2021
Promoter – Financial Intermediary
PRIVATE ENTITY(IES),PUBLIC ENTITY(IES)
An investment envelope to support the co-investment by the Bank in projects that could be developed under the DEmand side management, Social Infrastructures, Renewables and Energy Efficiency (DESIREE) blending platform and that would contribute to the goals of DESIREE.
The envelope will support the participation by the Bank in high-risk projects in African, Caribbean and Pacific (ACP) countries, contributing to greater investments in energy efficiency and electrification of social infrastructure such as schools and hospitals. The operation aims at fostering inclusive socio-economic growth and developing sustainable business models for the provision of clean, climate-friendly and energy-efficient solutions, in line with the developmental goals promoted by the DESIREE blending platform.
- Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
EUR 120 million
Full environmental and social details will be assessed during appraisal of the underlying projects, when environmental and social studies may be required by the Bank. In addition, where applicable, details of the originators' capacity to ensure compliance of investments with relevant EU and national regulation and EIB's Environmental and Social Standards will be reviewed during appraisal of the individual sub-operations.
The Bank will require that the Promoters of the underlying projects ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Approved - 17/06/2021