Release date: 3 September 2024
Promoter – Financial Intermediary
BANCOLOMBIA SALocation
Description
Intermediated lending transaction to finance the expansion of the Financial Intermediary's green energy lending portfolio under a Framework Loan (FL).
Objectives
The aim is to finance climate action and environmental sustainability projects undertaken by private and/or public sector companies in Colombia.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
USD 100 million (EUR 90 million)
Total cost (Approximate amount)
USD 200 million (EUR 181 million)
Environmental aspects
The operation intends to generate environmental benefits by supporting sustainable energy infrastructure that helps mitigate climate change. The Bank will assess the capacity and procedures of the Financial Intermediary to ensure the sub-projects' compliance with national environmental regulations as well as the EIB's environmental and social standards.
Procurement
The Financial Intermediary has to ensure that implementation of the sub-projects will be done in accordance with the EIB's Guide to Procurement.
Status
Under appraisal - 3/04/2024
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).