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Project summary document

Project name:DALKIA ESCO Multi Project Facility II
Country:Regional
Project number:20559
Business sector:Energy efficiency
Public/Private:Private
Environmental category:
Board date:24 July 2001
Status:Board approved
Date PSD disclosed:
Date PSD updated:
12 July 2001
26 October 2005
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Related links
Energy efficiency homepage
Making eastern Europe more energy efficient [Press Release]
Supporting energy efficiency in Polish energy sector [Press Release]

Project description
and objectives:

First MPF consisted in a USD 50 million multi-project facility (MPF) signed in November 1996 with Dalkia, the energy-services arm of Véolia Environnement, with the aim of establishing companies providing energy services with a view to improving energy efficiency in the EBRD's countries of operations.

After an extension of EUR 100 million in 2001, a further extension of EUR 150 million is to be considered by the Board in its meeting of 15th November 2005.

Sub-projects:

  • Dalkia Poznan District Heating Privatisation
  • Dalkia Termika II - Poland
  • Dalkia Prometheus III
  • Dalkia Termika III - Poznan Cogeneration Privatisation
  • Dalkia Litesko II
  • Dalkia Prometheus IV
  • Dalkia Lodz Cogeneration Privatisation
  • Dalkia Lodz additional financing

Transition impact:

The MPF supports and facilitates the private provision of energy services in the EBRD's countries of operations; thus it contributes to introducing more efficient management skills and to address the urgent need for energy efficiency throughout the region.

The client:

Dalkia, part of Véolia Environnement, has been developing its energy service activities for more than 60 years. It is one of the world's leading thermal management and energy service companies.

EBRD finance:

Estimated EUR 450 million over the next five years.

Total project cost:

The MPF’s investment programme indicates a total investment requirement of EUR 250 million over the next five years.

Environmental impact:

The facility has been classified as C/1, requiring an assessment of Dalkia's corporate environmental management policies and procedures. Dalkia is required to implement the Bank’s Environmental Procedures for Multi-Project Facilities which require Dalkia to conduct environmental due diligence on all project companies to be financed through the Facility. Depending on the nature of the project company, this may include environmental audits, environmental analyses or, in the case of new developments, EIAs. Project companies will be structured to meet national environmental, health, safety and labour standards and EU environmental requirements. A summary of the due diligence undertaken and any proposed mitigation measures (such as Environmental Action Plans) will be provided to the Bank prior to EBRD's commitment to invest in each project company. In addition, annual environmental reports will be submitted to the Bank on the environmental status of all project companies.

Technical
cooperation:

None.

For consultant opportunities for projects financed by technical cooperation funds, visit procurement of consultants.

Company contact:

 

EBRD contact:

Francois Gaudet, Operation Leader: gaudetf@ebrd.com

Business opportunities:

For business opportunities or procurement, contact the client company.

General enquiries:

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com


Project Summary Documents are created before consideration by the EBRD Board of Directors. Details of a project may change following disclosure of a Project Summary Document. Project Summary Documents cannot be considered to represent official EBRD policy.
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