Client: EBRD Croatia
Funding: EBRD
Country: Croatia
Duration: 11/2021 – 6/2022
Project description:
The European Bank for Reconstruction and Development (EBRD) considered providing finance to Hrvatska Elektroprivreda (HEP), a joint stock company established in Croatia and 100% owned by the Government of Croatia. The loan proceeds will be used to co-finance, alongside European Investment Bank (EIB), the HEP’s investment cycle representing a continuation of the cooperation between EBRD and EIB established on the previous project. Projects for which ES audits have been performed and preparation of all relevant documentation was done considered 26 small-size solar PVs with a total capacity of nearly 500 MW, modernisation and extension of the electricity distribution infrastructure via in length of more than 10,650 km and implementation of more than 500k of advanced smart meters in various locations of the country. The Loan will be used to finance construction of 5 solar power plants with a total capacity of nearly 130 MW.
Services performed:
- Identification of the Project-related environmental and social impacts and risks; Confirmation of the Projects categorisation;
- Description and characterization of relevant environmental and social baseline commensurate with the risks posed by the Project;
- Environmental and Social Audit of the Company and Assessment report to cover the Bank’s requirements, including a Compliance Summary table with the Banks’ PRs, categorisation of each of the 26 PVs and identification of any further studies that may be necessary;
- Preparation of Stakeholder Engagement Plan (SEP), Environmental and Social Action Plan (ESAP) and Non-Technical Summary (NTS).