Founded in 1998, CTP is listed on the Euronext stock exchange in Amsterdam and majority owned (i.e., c.76%) by co-founder and CEO, Mr. Remon Vos. 

   On May 4, 2023, IFC committed a partial tranche of €280 million, consisting of (i) a 7-year senior loan of €117 million from IFC’s own account; (ii) a 5-year senior syndicated loan of €117 million; and (iii) a 7-year senior loan of €46 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program (the IFC First Investment).  The IFC First Investment will support the development of energy-efficient, green-certified I&L infrastructure in the Project Countries.

Subsequently, on September 5, 2023, IFC committed a second tranche of €45 million, consisting of (i) a 7-year senior loan of €33 million from IFC’s own account; and (ii) a 5-year senior syndicated loan of €12 million (the IFC Second Investment).

Both the IFC First Investment and the IFC Second Investment will support the development of energy-efficient, green-certified I&L infrastructure in the Project Countries.                                                

 Bulgaria and Poland                                                  

The Project  is a Category B project in accordance with IFC’s Policy on Environmental and Social Sustainability. Key E&S risks and impacts associated with the Project include: effectiveness of E&S management systems and the Company’s capacity to undertake its operations in a manner that is consistent with IFC Performance Standards; adherence to core labor standards and the effective implementation of the environmental, occupational health and safety (OHS) management plans during construction; stakeholder engagement and external grievance mechanism.