The project includes the investment of up to EUR 15 million in the commercial paper ("CP") to be issued by GEN-I DOO (the "Company" or "GEN-I"), an integrated supplier and trader of electricity and natural gas, and provider of green energy services in Slovenia and South-East Europe (the "Project"). The CP is a capital market instrument and will be listed on the Ljubljana stock exchange.
The CP will support the Company's immediate liquidity needs due to a significant increase in working capital requirements for its operations. The Project is presented under the Regional Resilience and Livelihoods Framework (OpID 53662) given that the CP will be used to address the increased liquidity needs arising from higher volatility and uncertainty of electricity prices, triggered by the war in Ukraine. The Project will improve the energy security situation in Slovenia by supporting the liquidity needs of GEN-I.
GEN-I DOO is an integrated supplier and trader of electricity and natural gas and provider of green energy services in Slovenia and South-East Europe.
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+386 40 424 770
Dunajska c. 119, 1000 Ljubljana, Slovenia
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