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European Investment Bank Donors’ Conference on Sustainable Energy for Kosovo Financial Instruments for Supporting Renewable Energy and Energy Efficiency projects Pristina 14 May 2013
European Investment Bank
Donors’ Conference on Sustainable Energy for Kosovo
Financial Instruments for Supporting Renewable Energy and Energy Efficiency projects
Pristina 14 May 2013
WHAT IS THE EIB
EIB IN KOSOVO*
EIB FOR ENERGY
* This designation does not affect, and is without prejudice to, the position expressed by the EU Member States on Kosovo’s status and is in line with UNSCR 1244 (1999) and the ICJ Opinion of 22 July 2010 on Kosovo declaration of independence.
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The European Investment Bank (EIB)Long-term finance promoting European objectives
European Union’s long-term lending bank set up in 1958 by the Treaty of Rome.
Shareholders: 27 EU Member States
Largest multilateral borrower and lender
Headquartered in Luxembourg with a network of regional and local offices
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Breakdown of the EIB’s capitalAs at 31 December 2012
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EIB for EU policy goals
Growth and Employment
* Knowledge Economy
* Trans-European Networks (TENs)
* Competitive and secure energy
* Urban renewal and regeneration
* SMEs
Environmental Sustainabilty
* Environmental protection
* Renewable energy and energy efficiency
* Sustainable transport
Economic and Social Cohesion
Climate Action
2012 Key figures
European Union: EUR 44.7bn
Partner countries: EUR 7.4bn
Total lending: EUR 52.2bn
Borrowings: EUR 71.3bn
Subscribed capital:
(at 31/12/2012)
EUR 242.4bn
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EIB Signatures 2012 (in EUR)
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Value Added
Financial benefits (rate & tenor)
Support for EU priority objectives
Project quality and soundness
Technical assistance
Project Requirements
Projects must:
Meet EIB’s lending priorities
Be technically sound
Be financially viable
Show an acceptable economic return
Comply with environmental protection and procurement regulations
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EIB IN KOSOVO*
* This designation does not affect, and is without prejudice to, the position expressed by the EU Member States on Kosovo’s status and is in line with UNSCR 1244 (1999) and the ICJ Opinion of 22 July 2010 on Kosovo declaration of independence.
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EXTERNAL MANDATE - Decision no. 1018/2011/EU of the European Parliament and of the Council of 25 October 2011
EU guarantee to EIB against losses under loans and loan guarantees for projects outside the Union and carried out by both public and private promoters.
OPERATIONAL GUIDELINES – Government of Kosovo*: designated entity – ADOPTED
FRAMEWORK AGREEMENT with Government of Kosovo* – TO BE AGREED, APPROVED INTERNALLY, SIGNED AND RATIFIED.
PRE-ACCESSION FACILITY – EIB own risk and currently residual given conservative risk approach. In principle for investments in both public and private sector although the latter may more likely present an acceptable risk profile.
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EIB FOR ENERGY
Renewable Energy and Energy Efficiency
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Energy sector to contribute to EU priorities:
Growth and employment : competitive and secure energy
Environmental sustainability : renewable energy and energy efficiency
Climate Action
20% of EIB lending – debt, equity and EU-EIB risk sharing facilities (RSFF, LGTT)
Technical assistance in energy sector – ELENA, NER300
EIB Lending to the Energy Sector - in Context
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EIB Lending to the Energy Sector - in Context
Priorities since 2007:Renewable energy – RE
Energy Efficiency – EE
Security of energy supply
RDI
Outside the EU - External energy security and economic development
significant increase in funding for RE and EE
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EIB Energy Lending by Area2007-2011 Signatures
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EIB Energy Lending by Sector2007-2011 Signatures
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NEXT STEPS
NEW LEGAL FRAMEWORK
IDENTIFICATION OF INVESTMENTS
EFFICIENT PARTNERSHIP WITH GOVERNMENT AND EFFECTIVE SYNERGIES WITH OTHER FINANCIERS
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Contact InformationMatteo Rivellini
Senior Loan Officer
98-100 boulevard Konrad Adenauer
L-2950 Luxembourg
Tel: +352 43 791
www.eib.org
THANK YOU!18
