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Summary sheet

Release date
12 September 2025
Status
Reference
Under appraisal | 30/10/2024
20240692
Project name
Promoter - financial intermediary
ENERGY EFFICIENCY IN PUBLIC SCHOOLS IN ATHENS
MUNICIPALITY OF ATHENS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
EUR 100 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The operation will finance energy efficiency interventions in public schools across the Municipality of Athens.

The aim is to implement energy efficiency measures through an initial pipeline of 32 schools proposed by the municipality.

Environmental aspects
Procurement

This operation is intended to generate environmental benefits by supporting renewable energy and energy efficiency projects that help mitigate climate change. The project is therefore expected to generate positive environmental benefits related to a reduction of energy consumption and greenhouse gas (GHG) emissions. It will also lead to a decrease on energy expenses of the unit users compared to the baseline scenario. The energy efficiency sub-projects will be implemented in compliance with the Energy Performance in Buildings Directive (EPBD) 2024/1275/EU, amending 2010/31/EU. The sub-projects will reduce the energy consumption of buildings and the associated pollutant emission. The energy efficiency sub-projects are not expected to fall under the EIA Directive 2011/92/EU as amended by Directive 2014/52/EU, provided that the buildings will be integrated in urban areas. Where and if applicable, and based on a risk-based approach as defined in the EIBG E&S Policy, the requirements of the Environmental Impact Assessment Directive 2011/92/EU as amended by Directive 2014/52/EU, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be checked during appraisal.

The promoter shall ensure that contracts for implementation of the project have been/will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/24/EU as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal
Related projects

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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