| Project Detail |
Project Description
Investment in Polish zloty-denominated bonds for an amount of PLN 400 million (EUR 93 million) as part of a total aggregate issuance of PLN 2 billion (EUR 466m) by KGHM Polska Miedz S.A. ("KGHM" or the "Issuer"), a public company incorporated in Poland.
Project Objectives
The proceeds from EBRD investment will finance projects which will result in improved energy efficiency and reduced CO2 emissions where saving are expected to be over 61 thousand tonnes per year. All the investments are consistent with the Banks Green Economy Transition Approach. In addition, the transaction will contribute to further development of the capital market of the country.
Transition Impact
Primary Quality - Green - the project is expected to result in improved energy efficiency and reduced CO2 emissions. This is expected to derive from the implementation of a capex plan that includes replacement of mills and crushers, refurbishment of the two existing CHPs and construction of a new CCHP plant.
Secondary Quality - Resilient - the project supports capital market development through its large size and long maturity in comparison to the market norm. |
