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According to the EBRD, the project consists of the provision of a senior secured loan of up to PLN 400 million to Tele-Fonika Kable S.A., the largest cable and wire producer in Central and Eastern Europe with headquarters in Poland. The Project will support capacity expansion of high and medium voltage cables (HV & MV) cables and R&D investments into developing new products, both critical for expansion and modernisation of the power grid required for deployment of new energy sources including renewable energy capacities. The loan is a part of a larger consortium financing, with the EBRD joined by other lenders.
The EBRD loan will finance the capacity expansion plans of Tele-Fonika Kable, including by supporting research & development of new products, as well as general corporate purposes. The Project will contribute to ensuring long-term resilience and growth of the Company's business, allowing it to successfully compete in the market and contribute to the ongoing transition to a low carbon and sustainable energy supply in Europe.
Transition impact will be derived from the Green and Competitive qualities. Under the Green quality, the Project will support the Company's capacity expansion of its MV & HV cables, which are critical for expansion and modernisation of the power grid required for the deployment of new energy sources including renewable energy capacities. Under the Competitive quality, the Project will support the Company's R&D programme aimed at development, testing and production of high voltage cable accessories.
As stated by the EBRD, Tele-Fonika Kable S.A. is a leading European producer with a strong presence in the global cable and wire manufacturing industry. In business since 1992, it is headquartered in Poland and owned by its Chairman Mr. Boguslaw Cupial. The Company operates four production plants in Poland and one in Serbia.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | TELE-FONIKA Kable S.A. | Client | Industry and Trade |
Client - Tele-Fonika Kable S.A.:
Email: info@tfkable.com
Phone: +48126525000
Website: https://www.tfkable.com/
Address: H. Cegielskiego 1 32-400 Myslenice, Poland
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html