Translated version of this PSD: Russian
Project Description
The EBRD is considering a senior Energy Efficiency loan of up to RUB 1.7 billion to UniCredit Leasing Russia (“UCLR”), a diversified Russian leasing company with a nation-wide coverage, focusing primarily on equipment and heavy vehicles leasing. The loan will be provided under the Russian Sustainable Energy and Carbon Finance Facility (“RSECF”).
The loan will be used by UCLR to make Rouble denominated leases available to energy efficiency projects eligible under the RSECF.
Transition Impact
The project will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency projects financing through leasing in the energy sensitive Russian economy.
The project is also expected to transfer and build expertise related to energy efficiency for both UCLR and its clients who are private Russian enterprises. The package of loan and Technical Cooperation will provide the necessary assistance to UCLR to expand the range of leased assets and products into higher energy and fuel performing technologies and equipment.
The Client
UniCredit Leasing Russia a wholly owned subsidiary of the UniCredit Group. UCLR is a diversified leasing company targeting with a nation-wide coverage in Russia, including Urals Region and the large industrial cities of Siberia, with focus in equipment and heavy vehicles leasing. As of 31 March 2013, UCLR’s total assets amounted to EUR 279 million.
EBRD Finance
Energy Efficiency Loan of up to RUB 1.7 billion with a maturity of 5 years and equal 13 quarterly-annual repayments after a 24 month grace period.
Project Cost
RUB 1.7 billion.
Environmental Impact
Categorised FI. UCLR will be required to comply with the EBRD's Performance Requirements for FIs (PR2 and 9), implement EBRD's E&S Procedures for Leasing, and submit annual environmental and social reports to the EBRD.
Technical Cooperation
The project will be supported by grants for Technical Cooperation support, provided by GFA Consulting Group Gmbh/MVV decon Gmbh which is being funded by the EBRD Shareholders Special Fund.
With the consultant’s support, UCLR will be able to initiate a dedicated marketing and communication campaign, benefit from training of staff and be able to organize workshop for clients. This will enable UCLR to offer energy efficient equipment leasing to new clients and its existent clientele.
Company Contact
Ekaterina Andreeva
E-mail: Ekaterina.Andreeva@unicredit.ru
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.
