Financed ProjectsAlro SA - Corporate Loan Facility II

Identification Code:

OP/19/0063

Total Operation Cost:

94.500.000

Maturity:

84 months

Operation Status:

Description and Purpose of the Operation:

Provision of a long-term corporate loan for the capital expenditures of Alro, part of Vimetco Group, regarding energy efficiency investments and high and very high value-added production capacity.

Countries of Operation:

Romania (100,00 %)

Financial Product:

Loans

Sector:

Materials

Domain:

Private

Borrower/Client:

Alro SA, Romania

Co-Financiers/Participants:

International commercial banks

Guarantors/Sponsors:

n.a.

Developmental and Regional Cooperation Impact:

Project involves loan to industrial entity that will be used to improve energy efficiency of the only aluminum producer in Romania. The seven- year loan will be used primarily for improving the company’s energy management performance as well as high and very high value-added production capacity. It supports the company’s focus in sustainability. As one of the leading companies in Romania, the company has a specific objective to meet climatic neutrality targets by implementing state-of- the-art technologies and the significant investments made in projects aiming to protect the environment by reducing emissions, improving energy efficiency and optimize the use of resources are proofs of the progress in this direction.

Environmental Classification and Impact (summary):

Screened B+, medium-high E&S risk operation. The assessment concludes that the Operation is not likely to generate any significant E&S risks and impacts, as the Client has implemented comprehensive and efficient preventive and mitigations measures, including management systems that allow addressing any potential risks and impacts in a structured and continuous basis and respond timely and adequately in cases of emergency.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org