Belarus Sustainable Energy Finance Facility - BelSEFF

Location:

Belarus

Project number:

41490

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

02 Oct 2012

Status:

Board Approved

PSD disclosed:

22 Jun 2012

Sub-projects signed under this framework

Project Description

The EBRD is considering a framework operation of US$ 50 million to foster sustainable energy investments in energy intensive Belarus. The framework will comprise credit lines to local banks for on-lending to industrial companies and small and medium-sized enterprises (SMEs) undertaking energy efficiency and renewable energy projects.

The facility will be supported by a grant from the Czech ODA Trust Fund for technical assistance to participating financial institutions, sub-borrowers and local experts.

Transition Impact

The Project will demonstrate the benefits of energy conservation and promote the expansion of sustainable energy lending in the energy inefficient Belarus. The Framework will also demonstrate the effects of rational energy utilisation for improving industrial competitiveness of the industrial and SME sector during a time of rising energy costs.

Additionally, the Project will transfer and build expertise, among participating banks (PBs), end users (sub-borrowers) and local experts, related to sustainable energy investments. New and existing PBs will build expertise in identifying energy efficiency investment opportunities, marketing such products, as well as assessing loan applications related to energy efficiency investments. Sub-borrowers will be trained to structure loan applications related to energy efficiency investments while local engineers will be trained to help both banks and sub-borrowers.

The financial viability of energy efficiency and renewable energy investments is designed to spur participating banks and other market players to continue this lending type on a sustainable basis in the future with their own funds.

The Client

Private Belarusian banks and subsidiaries of foreign banks operating on a commercial basis will be eligible to participate in the framework. First BelSEFF credit line will be provided to Minsk Transit Bank (MTB), a private Belarusian bank and a long standing client of EBRD.

EBRD Finance

US$ 50 million.

Project Cost

US$ 50 million.

Environmental Impact

Categorised FI under 2008 Environmental and Social Policy. This project offers significant environmental opportunities as it will contribute to the reduction of greenhouse gases. All new Participating Banks (PBs) under the BelSEFF will be required to undergo standard FI E&S due diligence by the Bank. All PBs will be required to comply with the EBRD Performance Requirements 2 and 9, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists and submit annual environmental and social reports to the Bank including reporting on sub-projects. Sub-borrowers financed through the facility will be required to comply with national environmental, health and safety and labour requirements and the agreed Eligibility Criteria. Independent TC-funded Project Consultant will be assisting PBs in project preparation.

Technical Cooperation

Technical cooperation (TC) will be funded by the Czech ODA Trust Fund. Consultants contracted by EBRD will provide implementation support to PBs, sub-borrowers and local experts, including: awareness campaign among industrial companies and SMEs, project pipeline development, energy audits at sub-borrowers, implementation support for sub-projects and eligibility verification.

Company Contact

Svetlana Oser
Principal Banker, EBRD
Tel: +44 (0) 207 338 6816
Email: OserS@ebrd.com

 

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.