MoSEFF II - Moldovan Sustainable Energy FF Extension

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 43067

Status Complete

Location

Moldova

Business Sector

Financial Institutions

Notice Type

Private

Sub-projects

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 43067

Status Complete

Location

Moldova

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

09 May 2012

Disclosure date

05 Apr 2012

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Sub-projects signed under this framework

Project Description

The EBRD is considering extending the existing Moldovan Sustainable Energy Finance Facility by providing new funds of up to €22 million to address the demand for energy efficiency and renewable energy investments in Moldova. The project will consist of credit lines to local banks for on-lending to private enterprises undertaking sustainable energy investments.

In addition to the EBRD financing, the Facility will be supported by a grant from EU Neighbourhood Investment Fund and Technical Aid to the Commonwealth of Independent States Fund for technical cooperation and incentives to sub-borrowers and participating banks.

Transition Impact

The Project is expected to have two sources of transition impact:

Demonstration effect and market expansion

The Project will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency and renewable energy lending in the energy inefficient Moldova. The Project will demonstrate the effects of rational energy utilisation for improving industrial competitiveness in the light of the rising energy costs in the region.

Transfer of skills

The Project is also expected to transfer and build expertise, among both banks and companies, related to sustainable energy investment. New and existing Participating Banks will build expertise in assessing the risk and creditworthiness of clients for energy efficiency and renewable energy loans, while the enterprises are expected to become more familiar with banks’ requirements for providing such loans.

The Client

MoSEFF II will be available to privately owned banks in Moldova (Participating Banks or PBs).

EBRD Finance

€22 million.

Project Cost

€22 million.

Environmental Impact

Screened FI. PBs will be required to comply with the EBRD’s Performance Requirement (PR) 2. All sub-loans financed under the MoSEFF II will need to comply with the requirements of PR9.

Technical Cooperation

Technical cooperation will be funded by the European Union though the Neighbourhood Investment Facility and the Technical Aid to the Commonwealth of Independent States. Consultants will be contracted by EBRD to provide beneficiaries with project design and implementation support.

Transition impact

ETI Score:60

PSD last updated

27 Mar 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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