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BRAZIL CLIMATE ACTION FL I (BDMG).

Description:

The purpose of the framework loan is to part-finance mainly small to medium-sized projects implemented by the private sector in Brazil focusing on climate change mitigation.

Objectives:

The framework loan will be used to finance small energy efficiency (EE) and renewable (RE) investments in the corporate and public sector, including the renovation of industrial and commercial facilities following energy-efficient criteria, public lighting and small on-site RE installations in the State of Minas Gerais (Brazil).

Environmental aspects:

The operation will focus on small-sized sub-projects with, in principle, limited environmental impact. The sub-projects are not expected to require an environmental impact assessment (EIA) on the basis of national legislation and on the principles of the relevant EU directives. The Bank will ensure that the financial intermediary will finance projects that are in compliance with national law and EU environmental principles with particular reference to impact on biodiversity and cumulative impact. The financial intermediary's capacity to support the Bank's public disclosure policy, which aims to facilitate access by the public to environmentally relevant information, will also be assessed.

Project completion date : 2019-12-31 12:00:00

Major organization : BANCO DE DESENVOLVIMENTO DE MINAS GERAIS SA (BDMG)

Address : R. da Bahia, 1600 - Centro, Belo Horizonte - MG, 30160-011

Country :Brazil

Url : http://www.bdmg.mg.gov.br/

Financier : EUROPEAN INVESTMENT BANK (EIB),

Financier address : European Investment Bank (EIB)

98-100, boulevard Konrad Adenauer

L-2950

Luxembourg

Tel: (+352) 43 79 1

Fax: (+352) 43 77 04

http://www.eib.org/

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Publication:Mena Report
Geographic Code:3BRAZ
Date:Jul 15, 2016
Words:256
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