Summary sheet
This investment is an allocation of funds under the Enel Energy & Renewable framework loan 2020-0823 - ENEL ENERGY EFFICIENCY & RENEWABLES FL (LATAM), consisting of electricity distribution investments in Brazil. These aim at extending and modernizing the network, to add new renewable energy capacity to the network, reduce losses and improve quality and safety of supply.
The aim is to enable he Promoter to develop and modernise the electricity distribution network to connect new users, including renewable energy generation. It will also improve the quality and reliability of electricity supply - measured by the level of losses and interruptions of the service, monitored by the national regulator - thus contributing to secure energy supply. By connecting a number of low-income customers, the programme will contribute to expand social and economic inclusion.
The EIB reviewed the environmental and social capacity of the Promoter, including its organisation, processes and procedures, and deemed them to be good. Based on the information available, the programme is expected to have minor negative residual impacts and thus is acceptable for Bank financing from an environmental and social perspective.
The concession to the Promoter was awarded in a transparent and internationally competitive manner, the programme is not subject to public procurement rules. The procurement procedures followed by the Promoter are suitable for the project and satisfactory to the EIB.