Translated version of this PSD: Arabic
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.
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.
ESCO will promote energy efficient solutions in the provision of municipal services in the SEMED region.
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.
Up to EUR 45 million.
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.
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.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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