RESEAU DE CHALEUR GRENOBLE METROPOLE (EIB-20180119)

Countries
  • France
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
Dec 11, 2018
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
COMPAGNIE DE CHAUFFAGE INTERCOMMUNALE DE L'AGGLOMERATION GRENOBLOISE
The holder of the loan, grant, or other investment.
Sectors
  • Energy
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)
$ 33.97 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 30 million
Converted using 2018-12-11 exchange rate.
Loan Amount (USD)
$ 33.97 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 67.94 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 60 million
Converted using 2018-12-11 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 12, 2019

Disclosed by Bank Jan 21, 2019


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Project Description

According to EIB website, the project is focused on the expansion and modernisation of the district heating service of the Grenoble-Alpes Métropole, a region located in eastern France, in the Isère department. It will support a 5-year investment programme to further develop the Grenoble District Heating (DH) network, the second biggest in France. The loan will finance investments in heat generation upgrades aiming at increasing efficiency and penetration of renewable sources and also distribution network developments.

Investment Description
  • European Investment Bank (EIB)
Private Actors

Compagnie de Chauffage Intercommunale de l Agglomeration Grenobloise offers mechanical contracting services. The Company provides production and sale of heat and domestic hot water, air-conditioning, electricity production, maintenance, installations, and operational services. Compagnie de Chauffage Intercommunale de l Agglomeration Grenobloise serves customers in France.

Contact Information

No contact information provided at the time of disclosure. 

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