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

* 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.

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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

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Breakdown of the EIB’s capital As at 31 December 2012

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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

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2012 Key figures European Union: Partner countries: Total lending: Borrowings: Subscribed capital: (at 31/12/2012) EUR EUR EUR EUR EUR 44.7bn

7.4bn

52.2bn

71.3bn

242.4bn

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EIB Signatures 2012 (in EUR)

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

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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

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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.

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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 designated entity GUIDELINES – ADOPTED – Government of Kosovo*: FRAMEWORK AGREEMENT with Government of Kosovo* BE AGREED, APPROVED INTERNALLY, SIGNED RATIFIED.

– TO AND 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.

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EIB FOR ENERGY Renewable Energy and Energy Efficiency

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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

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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

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EIB Energy Lending by Area 2007-2011 Signatures

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EIB Energy Lending by Sector 2007-2011 Signatures

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

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Contact Information

Matteo Rivellini Senior Loan Officer [email protected]

98-100 boulevard Konrad Adenauer L-2950 Luxembourg Tel: +352 43 791 www.eib.org

THANK YOU!

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