ENERGY EFFICIENCY TELECOM LEBANON

Promoteur – Intermédiaire Financier

IPI GROUP (HOLDING) SAL

Lieu

• Liban

Description

The project will finance a new energy efficient infrastructure (cooling system, electrical supply, PV) for the existing and new cellular towers across Lebanon, to improve the energy efficiency and reliability of power supply, as well as increasing renewable energy consumption.

Objectifs

The main objective is to foster economic resilience in Lebanon, by improving the energy efficiency and providing a reliable and sustainable source of power to telecom infrastructures. As the country experiences very frequent electricity outage, this is critical to ensure continuous service of the mobile networks. Another objective is to contribute to climate change mitigation by increasing electricity generation capacity from renewable sources.

Commentaires

The project is in line with the EIB's External Lending Mandate 2014 - 2020 and the Economic Resilience Initiative.

Secteur(s)

• Énergie - Production et distribution d'électricité, de gaz, de vapeur et d'air conditionné

Garantie au titre du MPE

This operation is covered by the ELM Guarantee.

Montant BEI envisagé (montant approximatif)

USD 30 million (EUR 27 million)

Coût total (montant approximatif)

USD 54 million (EUR 48 million)

Aspects environnementaux

The project will bring global environmental benefits, through energy savings and CO2 emissions reduction. It will also reduce local pollution, by reducing the running hours of small and very polluting diesel generators.

Passation des marchés

The promoter will have to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the EIB Guide to Procurement.

Statut

Signé - 27/09/2019