Project number:


Business sector:

Manufacturing and Services

Notice type:


Environmental category:


Approval date:

20 Jul 2016



PSD disclosed:

20 May 2016

Translated version of this PSD: Polish

Project Description

The EBRD is considering the provision of a long term senior secured loan of up to PLN 310 million (EUR 75 million equivalent) to Tameh Holding sp. z. o. o. (the "Company" or "Tameh").

Project Objectives

The loan will be used to finance a conversion of the existing mixed fuel combined heat and power plant in Krakow ("Krakow CHP"), operated by Tameh, into a gas fired unit (the "Project").

The implementation of the Project, which is expected to be completed by 2019, will improve operational efficiency of the Krakow CHP and enable the unit, currently partly coal-fired, to fully withdraw from coal as a basic fuel and meet environmental requirements under the EU Industrial Emissions Directive "IED").

Transition Impact

The transition impact of the proposed Project will be derived from:

  • Demonstration of successful restructuring
  • Setting standards in energy efficiency
  • Environmental improvements
  • Significant reduction of COx, NOx and SOx emissions

Client Information


Tameh Polska sp. z. o. o. is a Polish operating subsidiary of TAMEH Holding, a 50/50 joint venture formed between ArcelorMittal and Tauron Group in 2014 in order to separate out energy assets of the Polish and Czech operations of ArcelorMittal, with the intention to make upgrade environmental investments to be in compliance with EU environmental requirements and increase operational efficiency of the ArcelorMittal steel plants.

EBRD Finance Summary

EUR 75,000,000.00

Senior secured loan to Tameh in the amount of approximately PLN 310 million (EUR 75 million) with up to 9 years maturity. The loan will be an extension of the financing package organised by Raiffeisen Bank International AG in 2015, which was raised by Tameh in order to upgrade its CHP assets in Ostrava (Czech Republic) and Dabrowa Gornicza (Poland).

Total Project Cost

EUR 75,000,000.00

Environmental and Social Summary

Category B (ESP 2014). Environmental and social issues associated with the modernisation and fuel switch from mixed fuel to gas at an existing industrial CHP, which is part of an integrated steel plant, are site specific and can be readily assessed as part of an Environmental and Social Due Diligence (ESDD). The Bank has undertaken an independent ESDD of the Company as well as the associated steel plant.

The ESDD has confirmed that the Company has a well-developed Environmental, Health & Safety (EHS) management system and the institutional capacity to fully implement the Bank's Performance Requirements (PRs). The Company has valid integrated permits, and recent regulatory inspections have not identified any major non-compliance issues. This has been confirmed by the ESDD. Overall the on-going investment will allow the Company to comply with the Industrial Emission Directive (IED) and Best Available Techniques (BAT) requirements. The switch from mixed fuel (including coal) to process gas from the steel plant will have a significant reduction of particulate emissions as well as SOx and NOx, and therefore a further positive impact on the air quality in Krakow. The Company has undertaken an Environmental Impact Assessment (EIA) of the investment in line with EU and National requirements.

As part of the ESDD a top level review was undertaken of the associated steel works and operational installations. This has confirmed that the on-going investment will allow the Company to continue to comply with National and EU environmental standards, notably Best Available Techniques (BAT) for the steel sector.

Furthermore, the investment prior a undertaken by Tameh and Arcleor MIttal at the integrated steel plant will reduce fugitive emissions associated with emergency stoppages.

Based on the ESDD an Environmental and Social Action Plan (ESAP) has been developed and agreed with the Company, which includes a commitment for on-going EHS management and disclosure of information as well as compliance by Tameh with EU IED BAT requirements. 

A Stakeholder Engagement Plan (SEP) and Non Technical Summary (NTS) have been developed and agreed with the Company, which has been disclosed. A copy of the NTS can be obtained below and on the Company’s website:

The Bank will monitor the implementation of the project and ESAP

Technical Cooperation


Company Contact Information

Rafal Zawada - CFO
+48 32 73 55 506
+48 32 73 55 514
Al. Marszalka Jozefa Pilsudskiego 92/102B 41-308 Dabrowa Gornicza

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

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