CHISINAU ENERGY EFFICIENCY (EIB-20140161)

Countries
  • Moldova
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 23, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MUNICIPALITY OF CHISINAU
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.85 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 10 million
Converted using 2017-11-23 exchange rate.
Loan Amount (USD)
$ 11.85 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 10 million
Converted using 2017-11-23 exchange rate.
Project Cost (USD)
$ 29.63 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 25 million
Converted using 2017-11-23 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 24, 2018

Disclosed by Bank Jan 13, 2017


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Project Description

According to EIB website, the project is consist of a framework loan to support thermal building refurbishment in the municipality of Chisinau. The project includes two components; the first component will focus on the renovation of a list of pre-identified public buildings. The second component will be structured as a framework loan and allocations will target both the public and residential sectors.

It intends to increase the energy efficiency of public and residential buildings, which will have a significant impact on CO2 emission reduction and thus contribute to climate change mitigation. Besides this, energy efficiency investments will generate local and regional economic activity, particularly in the construction industry, and therefore support the development of the private sector and small and medium-sized enterprises (SMEs).

The project is acceptable from an environmental and social perspective.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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