| Project Detail |
Project Description
Provision of a EUR 7 million long-term loan to Istrabenz Plini Beograd d.o.o., a limited liability company organised in Serbia, to construct and operate an industrial gas filling station near Belgrade, Serbia (the "project").
Project Objectives
The project will increase gas volumes available to the borrower to supply higher local demand and potentially cover other countries in the Western Balkans.
Transition Impact
The transition impact of the project will be derived from the Competitive and Green quality. The project will support the expansion of the borrower in a highly concentrated market and will target to implement higher quality and safety standards. The project also supports the creation of a platform for the development of the borrowers ESCO business in Serbia, which ultimately will lead to a reduction of CO2 emissions.
TOMS Score: 62
Client Information
ISTRABENZ PLINI BEOGRAD DOO
Istrabenz plini Beograd d.o.o. (the "Borrower"), a limited liability company organised in Serbia, and a fully owned subsidiary of Istrabenz plini d.o.o. (the "Guarantor"), a limited liability company incorporated in Slovenia.
The Guarantor is a limited liability company organised in Slovenia, a provider of solutions for gas supply (LPG, industrial gases, natural gas) and energy services to industrial companies and households in Slovenia and through subsidiaries in Serbia, Bosnia and Herzegovina and Croatia.
EBRD Finance Summary
EUR 7,000,000.00
Total Project Cost
EUR 7,000,000.00 |
