Polish SME SEFF Extension 1

Location:

Poland

Project number:

44539

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

31 Oct 2012

Status:

Complete

PSD disclosed:

25 Sep 2012

Project Description

The EBRD is considering an extension to the existing PolSEFF facility in the total amount of EUR 30 million. The purpose is to provide credit lines to the best performing existing participating financial intermediaries (“PFIs”) for on-lending to SMEs for energy efficiency and small-scale renewable energy investments.

Transition Impact

The Project will continue to generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency investments in the SME segment in Poland.

The Project will continue developing and demonstrating efficient and effective financing mechanisms for energy efficiency projects through business models designed specifically to overcome aspects of energy efficiency projects considered risky and to reduce transaction costs.
The Project will also continue to transfer and build expertise, among both financial institutions and companies, related to energy efficiency, energy management and renewable energy investments.

The Client

Clients of the EBRD will be the two best performing participating financial intermediaries under PolSEFF – BZ WBK Finanse & Leasing and Millennium Bank. Those clients have extensive outreach into the SME segment, have already benefitted from technical assistance under PolSEFF and have a successful track record in lending under the EBRD credit lines.

EBRD Finance

EUR 30 million in senior loans to PFIs.

Project Cost

EUR 30 million.

Environmental Impact

Categorised FI. This Project offers significant environmental opportunities as it will contribute to the reduction of greenhouse gases. All participating banks are required to comply with the requirements of the EBRD’s Performance Requirement 2 (“PR”) on Labour and Working Conditions. All sub-loans under the credit lines will need to comply with the requirements of PR9. Sub-borrowers financed through the credit lines will be required to comply with national requirements for environment, health and safety and labour standards. Reporting on sub-projects and annual environmental and social reports will be provided by the participating banks. The independent Project Consultant will be employed to review proposals and confirm compliance with national Environmental, Health and Safety Legislation requirements.

Technical Cooperation

The extension to the Facility will continue to be supported by a comprehensive technical assistance programme and incentive grant scheme to provide implementation support to participating financial intermediaries and sub-borrowers. Funding for the TC programme and incentive scheme is going to be provided by the EU.

Company Contact

Karina Saroukhanian, Tel: +44 207 338 6811

 

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.

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