Where the impacts of the investment may be experienced.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
- European Investment Bank (EIB)
Bank Risk Rating: U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower or Client: ADMINISTRACION NACIONAL DE ELECTRICIDAD
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD): $ 94.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 195.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
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ANDE - TRANSMISSION SYSTEM UPGRADE
The project is an investment programme which aims to enhance Paraguay's electricity distribution and transmission system in different areas of the country.
The programme will improve the safety and reliability of electricity supply to the population of the concerned areas and also adapt the network to the growing demand.
If located in the EU, some programme components would fall under Annex II of the Environmental Impact Assessment (EIA) Directive requiring the competent authority to determine the need for a full environmental impact assessment. The vast majority of the programme components relate to medium or low voltage extensions and reinforcements, works in existing substations, underground high voltage lines and refurbishment, that are expected to have a limited environmental impact. Based on preliminary information and considering the technical characteristics of the programme, none of the programme components are expected to require a full EIA. The main impact that can typically be expected from the proposed activities relate to visual impact, vegetation clearance, impact on flying vertebrates, electromagnetic fields, noise nuisance and disturbance during construction. Environmental & social (E&S) aspects will be reviewed during appraisal to ensure alignment with Bank's E&S requirements.
- European Investment Bank (EIB)
Proposed EIB finance (Approximate amount)
USD 94 million (EUR 89 million)
Total cost (Approximate amount)
USD 195 million (EUR 184 million)
ACCOUNTABILITY MECHANISM OF EIB
The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address email@example.com
, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form
, via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf
When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces