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European Investment Bank

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

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European Investment Bank

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  1. European Investment Bank Donors’ Conference on Sustainable Energy for Kosovo Financial Instruments for Supporting Renewable Energy and Energy Efficiency projects Pristina 14 May 2013

  2. 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. 2

  3. 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

  4. Breakdown of the EIB’s capitalAs at 31 December 2012

  5. 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

  6. 2012 Key figures 6

  7. EIB Signatures 2012 (in EUR)

  8. Value Added • Financial benefits (rate & tenor) • Support for EU priority objectives • Project quality and soundness • Technical assistance

  9. 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 9

  10. 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. 10

  11. 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. 11

  12. EIB FOR ENERGY Renewable Energy and Energy Efficiency 12

  13. EIB Lending to the Energy Sector - in Context • 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 13

  14. 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 14

  15. EIB Energy Lending by Area2007-2011 Signatures 15

  16. EIB Energy Lending by Sector2007-2011 Signatures 16

  17. NEXT STEPS • NEW LEGAL FRAMEWORK • IDENTIFICATION OF INVESTMENTS • EFFICIENT PARTNERSHIP WITH GOVERNMENT AND EFFECTIVE SYNERGIES WITH OTHER FINANCIERS 17

  18. Contact Information Matteo Rivellini Senior Loan Officer m.rivellini@eib.org 98-100 boulevard Konrad Adenauer L-2950 Luxembourg Tel: +352 43 791 www.eib.org THANK YOU! 18

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