SSL Bosnia IV (IFC-37515)

Countries
  • Bosnia and Herzegovina
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
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
Jun 22, 2016
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
SISECAM SODA LUKAVAC DOO
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • 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)
$ 10.00 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)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 8, 2017

Disclosed by Bank May 16, 2016


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Project Description
This project finances energy and resource efficiency and productivity investments in Sisecam Soda Lucavac's. This includes financing the installation of a new energy efficient boiler, the upgrade and renovation of an existing boiler, and a condensate heat recovery project. This is the IFC's fourth engagement with this Sisecam Soda Lucavac.
Investment Description
  • International Finance Corporation (IFC)
Sisecam Soda Lukavac is a Bosnian soda ash producing subsidiary of the Sisecam Group, one of the largest glass producers in the world.
Contact Information
Contact Person:Mr.Nihad Akeljic, Quality, Safety, Health and Environmental Manager Company Name: SSL Bosnia Email: mailto:nakeljic@sisecam.com Phone: +38735552311 Facsimile: +38733552704 http://www.sisecam.ba ACCOUNTABILITY MECHANISM OF IFC/MIGA The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/