MEI SEMED Sustainable Investment Framework

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 44488

Status Cancelled

Location

Jordan

Business Sector

Municipal Infrastructure

Notice Type

State

Project ID 44488

Status Cancelled

Location

Jordan

Business Sector

Municipal Infrastructure

Notice Type

State

Environmental Category

Disclosure date

09 Aug 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."

Translated version of this PSD: Arabic

Project Description

The EBRD is considering a EUR 45 million debt and equity Framework for projects focusing on energy, water and resource efficiency, waste reduction, resource recovery and recycling, use of clean technologies, promotion of renewable resources in the municipal and environmental infrastructure sector in the Southern and Eastern Mediterranean (SEMED) region. The Framework consists of up to EUR 35 million from the Bank’s account and up to EUR 10 million funded by the Green Energy Special Fund (GESF) administered by the Bank.

Transition Impact

The Framework will address key transition challenges through each sub-project, which will target the following transition objectives:

Promoting the Energy Servicing Companies (ESCOs) market with a particular emphasis on Energy Performance Contracts (EnPC) to enhance private sector solutions within a competitive market structure;
Strengthening operational efficiency, autonomy, and capacity among local authority service providers.

The Client

ESCO will promote energy efficient solutions in the provision of municipal services in the SEMED region.

EBRD Finance

The Framework funding will consist of two tranches:

EUR 35 million funded by EBRD
Up to EUR 10 million funded by GESF and administered by the EBRD.

The average requirement for a single sub-project will be around EUR 1-7 million, giving a total of 12-15 expected sub-projects.

Project Cost

Up to EUR 45 million.

Environmental Impact

It is anticipated that the sub-projects are categorised "B" and will have the potential to deliver net environmental and social benefits.

Each sub-project will be categorised and will undergo appropriate Environmental and Social Due Diligence (ESDD).. Any residual risks will be managed through project specific Environmental and Social Action Plans generated at the conclusion of ESDD to ensure compliance with the Bank's Environmental and Social (E&S) requirements.

Technical Cooperation

Under the original Framework, the sub-projects will benefit from Technical Cooperation (TC), including:

Technical assistance for evaluation and due diligence, including energy audits prior to project signing and during the implementation period. Energy Audits will be undertaken through the existing Energy Audit Programme for the SEMED Region funded by the Neighbourhood Investment Facility.
Technical assistance to prepare standardised legal documentation and carrying out legal due diligence via a framework contract with an outside counsel at each country level. This measure is designed to improve the efficiency and reduce clients’ transaction costs. International Financial Reporting Standards (IFRS) is also envisaged to audit TC for selected clients.
Technical Assistance for, selective market studies and research, pipeline development and to promote the framework.

PSD last updated

21 Jan 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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