Kosovo Sustainable Energy Projects (KoSEP)

Location:

Kosovo

Project number:

44794

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

01 May 2013

Status:

Approved

PSD disclosed:

27 Mar 2013

Sub-projects signed under this framework

Translated version of this PSD: Albanian

Project Description

The EBRD is considering a framework operation of EUR 12 million to support private SME and residential sector sub-borrowers in undertaking energy efficiency and renewable energy investments in Kosovo.

The framework will comprise of senior loans to to Participating Financial Institutions (“PFIs”) in Kosovo and will promote energy efficiency and use of renewable energy resources in Kosovo.

The facility will be supported by a grant from the European Union through 2008 Kosovo IPA Programme. The EU grant will fund technical assistance and incentives to end-borrowers.

Transition Impact

The Framework is the first of this kind in Kosovo and will demonstrate the benefits of rational energy utilisation for SME and residential sector in light of the rising energy costs in the country and of energy efficiency and renewable energy loans, as well as contribute to building relevant expertise at partner financial institutions.

The Client

Partner banks and non-bank financial institutions operating in Kosovo that meet sound banking and high corporate governance standards. The PFIs are required to on-lend in the form of SME and/or residential sector sub-loans to the final beneficiaries to finance eligible sub-projects under the KoSEP.

EBRD Finance

Up to EUR 12 million.

Project Cost

Up to EUR 12 million.

Environmental Impact

Categorised FI. This project offers significant environmental opportunities as it will contribute to the reduction of greenhouse gases. All Participating Financial Institutions under the KoSEP will be required to comply with the EBRD's Performance Requirements for FIs (specifically, PR 2 and 9), including adherence to the EBRD's Environmental and Social Exclusion and Referral Lists and submission of annual environmental and social reports to the Bank including reporting on sub-projects. All new PFIs will be required to submit a completed FI E&S due diligence questionnaire and HR due diligence questionnaire to establish their compliance with PR2 and PR9. Sub-borrowers financed under this Framework will be required to comply with national requirements for environment, health and safety and labour standards. This will need to be confirmed to the PFIs by the TC funded Consultants who will be hired by the EBRD to cover this issue as part of the preparation of each sub-project.

Technical Cooperation

Technical Cooperation (TC) activities will be funded by the EU under a donor-funded agreement, the New Norway Cooperation Fund and other technical cooperation funds of the EBRD subject to their approval. EBRD will engage a Project and Verification Consultants. The Project Consultant will provide implementation support to PFIs and sub-borrowers. An independent Verification Consultant will perform eligibility verification.

Company Contact

Respective PFIs eligible under the Framework.

 

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

Share this page: