Polish Residential EE Framework

Location:

Poland

Project number:

47633

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

24 Feb 2016

Status:

Board Approved

PSD disclosed:

15 Jan 2016

Sub-projects signed under this framework

Translated version of this PSD: Polish

Project Description

The EBRD is considering setting up Poland-REFF to provide existing and new private participating financial institutions (PFIs) with credit resources in combination with comprehensive TC support packages. The Bank will extend loans to PFIs on terms reflecting their individual credit risk. In turn, PFIs will on-lend EBRD funds on market terms to private sector sub-borrowers to finance eligible energy and resource saving projects in residential buildings.

Project Objectives

The facility will contribute to the following objectives: (i) enhance the competitiveness of commercial financing for energy and resource saving investments in the residential sector; (ii) improve living standards of households; (iii) help avoiding carbon emissions; (iv) develop a market-based private sector financing instrument that targets the task outlined above; (v) demonstrate to the market that the above is technically feasible and economically viable.

Transition Impact

The facility will contribute to transition by: (i) demonstrating the financial viability of energy and resource efficiency projects in the residential sector in Poland, (ii) transferring skills to participating financial intermediaries and private sector sub-borrowers (households, housing associations, housing cooperatives and private sector service providers), which is expected to contribute to the growth of the market for sustainable energy and resource financing in Poland.

EBRD Finance Summary

EUR 200,000,000.00

Total Project Cost

EUR 200,000,000.00

Environmental and Social Summary

Categorised FI (2008). All PFIs under this facility will be required to comply with the Bank's Performance Requirements (PRs) 2 and 9. PFIs which have expressed an interest in this extended facility are all existing clients of the Bank and are confirmed as being in compliance with the relevant PRs. New PFIs, who are not existing EBRD clients, will need to complete the ES&HR questionnaire to be returned to the Bank in advance of Final Review. Eligible Sub-projects will be required to comply with the EBRD's energy and/or resource efficiency eligibility criteria.

Technical Cooperation

The facility will be supported by a donor-funded Technical Cooperation package of up to EUR 2.5 million provided by a project consultant. The initial amount of EUR 1 million TC is provided by the EBRD Shareholders Special Fund.

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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Text of the PIP

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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.