- Polish electricity distribution company Energa has agreed a Zl2 billion revolving credit facility from a syndicate of banks.
- This is the first time in Poland that the financing terms are closely linked to the borrower's performance against environmental, social and governance criteria.
- Under the agreement, Energa cannot use the loans for purposes related to coal-fired power generation.
- The ESG-linked loan is due in 2024 with an option to extend it to 2026.
Rajeeb Gurung - Researcher