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CEZ Shperndarje
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 29208
Albania (IDA)
Sector1Distribution Business
Environmental categoryB
Date SPI disclosedFebruary 16, 2011
Projected board dateMarch 21, 2011
Previous EventsInvested: September 2, 2011
Signed: July 1, 2011
Approved: March 23, 2011
View Environmental & Social Review Summary (ESRS), click here
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Project description
CEZ ShpŰrndarje SHA (the “Company”) is the power distribution company of Albania, which was privatized in 2009. The Company operates under the power distribution system operator and retail public supplier licenses, serving around 1.1 million customers. The project is to provide long-term financing to the Company to support its 2009-2013 investment program, which is aimed at reducing distribution losses, enhancing operational efficiency, improving reliability of electricity supply and connecting new customers (“the Project”).

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