Skip to main content

Secretariat discusses EIRA methodology with the EIB

On 5 September 2019, a delegation of the Energy Charter Secretariat visited the European Investment Bank (EIB) in Luxembourg. The meeting was hosted by Mr François Trévoux, Director of the Energy Department of the Projects Directorate, and joined by representatives from the Energy Security Division and the Electricity Networks Division. The EIB Projects Directorate undertakes a full assessment of projects, including technical, economical, social, societal and regulatory risks, before the Management Committee and EIB Board approve the financing.

Key topic of the meeting was the further development of the Secretariat’s flagship publication, the Energy Investment Risk Assessment (EIRA). During the meeting potential enhancements of the EIRA methodology and several modes of collaboration on EIRA were explored.

The EIB, as lending arm of the European Union, is active in 162 countries. It is the biggest multilateral financial institution in the world and one of the largest providers of climate finance. The energy sector is the main receiver of EIB loans, equity and guarantees. Though the EU countries are the shareholders in the EIB, the Bank is financially autonomous (S&P AAA-rating). Money is raised through bonds on the international capital markets. In 2018 the EIB’s €64.19 billion in financing supported around €230 billion in investment in total.