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    Reference: 20210299
    Release date: 28 March 2022

    Promoter – Financial Intermediary

    BISCUIT AND FOOD PRODUCTS MANUFACTURING COMPANY E J PAPADOPOULOS SA

    Location

    Description

    The project concerns investments related to new bread production capacity, energy efficiency measures for the plant, as well as research, development and innovation (RDI) activities.

    Objectives

    The new automatised and highly efficient production line will support the Promoter's strategy to provide high quality products to the local market. The energy efficiency measures implemented will generate savings at plant level, including both existing and new production lines. By supporting RDI activities, the project will generate innovation and knowledge in the bio-economy sector. Through anticipated spillover effects towards the local and regional economy in a predominantly rural area of Greece, the project is further contributing to territorial integration within the EU through rural development.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 25 million

    Total cost (Approximate amount)

    EUR 50 million

    Environmental aspects

    The project is aligned with the EU Green Deal, Climate Action objectives, and the EU Bioeconomy strategy. The project falls under the scope of Annex II of the EIA Directive 2014/52/EU, amending the EIA Directive 2011/92 and is not subject to a full environmental impact assessment (EIA) process, as determined by the competent authorities. The project includes measures generating energy efficiency at factory level, thus reducing the environmental footprint of the Promoter.

    Procurement

    Although the Promoter is a private company not operating in the utilities sector, and is thus not covered by EU directives on procurement, the Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the relevant applicable EU procurement rules.

    Status

    Signed - 8/03/2022

    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

    Greece Industry