Petrol EV Recharging Infrastructure Loan (EBRD-54983)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Croatia
  • Slovenia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 24, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Petrol d.d. Ljubljana
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Transport
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.07 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 9.5
Converted using 2023-10-24 exchange rate.
Project Cost (USD)
$ 18.57 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 17.53
Converted using 2023-10-24 exchange rate.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 27, 2024

Disclosed by Bank Jul 11, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of the EBRD EUR 9.5 million senior unsecured loan with a 3-year tenor to Petrol d.d. Ljubljana to finance EV recharging points installation programme for Light Duty Electric Vehicles (LDV) and Heavy Duty Electric Vehicles (HDV) in Slovenia and Croatia.

The EBRD loan will support the Company's investments in EV recharging infrastructure, which entails installation of 105 EV recharging points, including 65 EV recharging points on 20 locations in Slovenia, of which 9 locations will ensure recharging infrastructure for HDV and 40 recharging points on 15 locations in Croatia, of which 8 locations will ensure recharging infrastructure for HDV.

In line with its low carbon transition targets, Petrol joined an EU project, co-financed under Connecting Europe Facility - Transport Alternative Fuels Infrastructure Facility (CEF2 - Transport - AFIF), aimed to building a Pan-European network of 150 kW and 350 kW recharging points for LDV and HDV.

With the support of the EBRD as implementing partner, Petrol applied for a grant funding under CEF2 - Transport - AFIF.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Category B (2019) and rated low risk. The installation of electrical car charging points at existing petrol retail stations is considered low risk and the environmental and social risks are minimal.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

A EUR 9.5 million senior unsecured loan with a 3-year tenor.

The estimated total project cost is EUR 17,530,000.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Petrol is the leading energy supplier in Slovenia and SEE region, listed on Ljubljana Stock Exchange. The client is involved in several sectors including petroleum products sales and distribution as well as energy production and distribution. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Petrol DD Ljubljana Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

COMPANY CONTACT INFORMATION

Mrs. Rosana Skolaris
rosana.skolaris@petrol.si
+386 1 471 4232
www.petrol.si
Petrol d.d., Ljubljana Dunajska 50 1000 Ljubljana

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

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How it works