Morocco SEFF (MorSEFF)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 44900

Status Complete

Location

Morocco

Business Sector

Financial Institutions

Notice Type

Private

Sub-projects

MorSEFF- BMCE

Project timeline

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

Project ID 44900

Status Complete

Location

Morocco

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

17 Dec 2014

Disclosure date

14 Nov 2014

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

Translated version of this PSD: French

Project Description

The EBRD is considering establishing the Morocco Sustainable Energy Financing Facility (MorSEFF) Framework to the amount of up to EUR 80 million. The funds will be made available to Participating Financial Institutions (“PFIs”) in Morocco for on-lending to eligible private sector sub-borrowers for sustainable energy investments.

The project will promote penetration of energy efficient and renewable energy technologies, appliances and equipment in Morocco through stimulating demand and raising awareness of the benefits of investments in such technologies.

Transition Impact

The transition impact of the project is expected to derive from promoting the expansion of energy efficiency and renewable energy lending in Morocco. It will have positive demonstration effects particularly with respect to utilising financial intermediaries, for energy efficiency investments. The project will demonstrate the benefits of rational energy utilisation through improved industrial competitiveness in light of rising energy costs.

The project will also contribute to the development of the internal capacity of the PFIs for financing energy efficiency and renewable energy projects.

The Client

Qualifying Financial Institutions in Morocco

EBRD Finance

Credit lines, which will be co-financed by the European Investment Bank (“EIB”), the Agence Française de Développement (“AFD”) and Kreditanstalt für Wiederaufbau (“KfW”).

Project Cost

EUR 80 million.

Environmental Impact

Categorised FI. All PFIs under the MorSEFF will be required to comply with the EBRD's Performance Requirements 2 and 9 and submit annual environmental and social reports to the EBRD. Sub-borrowers financed through the facility will be required to comply with national requirements for environment, health and safety and labour standards and the eligibility criteria for EE and RE projects.

Technical Cooperation

The project will be supported by a comprehensive TC programme to provide implementation support to the PFIs and to their clients.

A grant of EUR 3.05 million is provided by the European Union Neighbourhood Facility – South (EU NIF- South) and the EBRD South and East Mediterranean (SEMED) Multi Donor Fund. A Project Consultant will be providing support in the design and successful implementation of the facility. Additionally, a Verification Consultant (VC) will ensure that sub-projects were successfully implemented.

The facility is complemented by EUR 12 million in non-TC grant funding from the EU NIF-South for investment incentives to the PFIs and to their clients.

Company Contact

Walid Fayad, Principal Banker, Financial Institutions Group, EBRD – fayadw@ebrd.com

Transition impact

ETI Score:60

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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