The Lithuanian Public Investment Development Agency (VIPA), an agency of the Ministry of Finance of Lithuania, has approached the EBRD for a EUR 50.0 million loan.  The proceeds will co-finance a EUR 74.0 million European Union grant which is being on-lent to finance energy efficiency investments in multi-apartment buildings. VIPA will be the borrower and act as an aggregator to channel and manage sub-loans to beneficiaries.  The Project will help conserve energy, reduce carbon emissions, and encourage the use of energy performance contracts to bring energy efficiency gains in residential apartment buildings. The scope of the feasibility study includes preparation of full financial, technical, environmental and social due diligence of the proposed transaction.

Start date 2016
End date 2017
Status completed
Country Lithuania
Beneficiary Public Investment Development Agency (VIPA)
Funding EBRD
Tags Baltics, Environment
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