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OTP Local Institution Energy Conservation Program

Sector: Commercial • Location: Hungary

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project entails an IFC investment of up to $125 million local currency equivalent in a Risk Sharing Facility with OTP Bank Hungary (“OTP”) to support up to $250 million local currency equivalent in energy efficiency improvement loans for local institutions in Hungary. The project is also co-funded by a grant of $2.5 million from the World Bank Group Global Environment Facility. The

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The project “OTP Local Institution Energy Conservation Program” is an infrastructure initiative in the Commercial sector, located in Hungary. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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completed

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Description

Description

The proposed project entails an IFC investment of up to $125 million local currency equivalent in a Risk Sharing Facility with OTP Bank Hungary (“OTP”) to support up to $250 million local currency equivalent in energy efficiency improvement loans for local institutions in Hungary. The project is also co-funded by a grant of $2.5 million from the World Bank Group Global Environment Facility. The proposed project would be implemented in the context of the Government of Hungary’s “Szemunk Fenye” Program. The Program is designed to facilitate lighting and heating renovations and improvements in state-supported local institutional schools, as well as other municipally supported facilities.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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