BRDE CLIMATE ACTION FL

Promoteur – Intermédiaire Financier

BANCO REGIONAL DE DESENVOLVIMENTO DO EXTREMO SUL

Lieu

• Brésil

Description

The purpose of this framework loan is to part-finance a series of small hydroelectric power plant projects in the southern states of Brazil, predominately in the state of Parana, contributing to climate change mitigation.

Objectifs

The operation will support competitive and environmentally-sustainable private investments in renewable power generation, and thereby contribute to the three main objectives of the EIB's external lending mandate: climate change mitigation, development of the private sector and economic infrastructure.

Secteur(s)

• Transports - Transports et entreposage
• Aménagement urbain - Construction
• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné
• Lignes de crédit - Lignes de crédit

Garantie au titre du MPE

This operation is covered by the ELM Guarantee.

Montant BEI envisagé (montant approximatif)

EUR 80 million

Coût total (montant approximatif)

EUR 160 million

Aspects environnementaux

This operation intends to bring environmental benefits by supporting investments that increase the use of renewable energies and thus help to mitigate the effects of climate change. Most of the individual schemes under this framework loan are small and are expected to have limited environmental and social impacts. However, as this concerns hydroelectric power plants, the projects could fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU (amending the 2011/92/EU) if located in the European Union, requiring the competent authorities to determine whether an EIA is required. The potential environmental and social impacts of any of the schemes, with sufficient information at the time of the appraisal, will be assessed. The promoter's capacity to ensure that the schemes are in compliance with the EIB's environmental and social standards and the principles of the relevant EU Directives will also be verified at the appraisal.

Passation des marchés

It is expected that the promoters of projects under this framework loan will be private. However, identification of the applicable procurement rules will be part of the appraisal. Schemes utilising finance that requires local content requirements will not be eligible. The Bank will require the promoter to ensure that implementation of the project schemes will be done in accordance with the Bank's Guide to Procurement.

Statut

Signé - 28/09/2018