Release date: 5 April 2024
Promoter – Financial Intermediary
CATALYST INVESTMENT MANAGEMENT JORDANLocation
Description
The operation consists in a co-investment into a private equity fund supporting renewable energy and climate infrastructure in Middle East and North Africa (MENA).
Objectives
The fund will predominantly target greenfield infrastructure investments in renewable energy and water treatment, promoting climate action and environmental sustainability in the region.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
USD 25 million (EUR 23 million)
Total cost (Approximate amount)
USD 150 million (EUR 139 million)
Environmental aspects
The fund will be required to develop an environmental and social policy and establish the appropriate management systems so as to comply with the EIB's environmental and social requirements. The assessment of the environmental and social impacts and risks will be part of the standard due diligence process that the fund will have to carry out for each underlying investment, thereby ensuring that the portfolio and these investments are in compliance with national law and in line with the principles and standards of relevant EU environmental legislation as well as the EIB's Environmental and Social Standards.
Procurement
The EIB will require the fund manager to take all requisite measures to ensure that contracts for implementation of the projects financed by the fund are tendered in line with the EIB's Guide to Procurement.
Status
Under appraisal - 20/03/2024
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).