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Petrol EV Recharging Infrastructure Loan



Petrol EV Recharging Infrastructure Loan

Project Description

The EBRD EUR 9.5 million senior unsecured loan with a 3-year tenor to Petrol d.d. Ljubljana (“Petrol” or the “Company”) to finance EV recharging points installation programme for Light Duty Electric Vehicles (LDV) and Heavy Duty Electric Vehicles (HDV) in Slovenia and Croatia (the “Project”).

Project Objectives

The EBRD loan will support the Company’s investments in EV recharging infrastructure, which entails installation of 105 EV recharging points, including 65 EV recharging points on 20 locations in Slovenia, of which 9 locations will ensure  recharging infrastructure for HDV and 40 recharging points on 15 locations in Croatia, of which 8 locations will ensure recharging infrastructure for HDV. 

In line with its low carbon transition targets, Petrol joined  an EU project, co-financed under  Connecting Europe Facility – Transport Alternative Fuels Infrastructure Facility (CEF2 – Transport – AFIF), aimed to building a Pan-European network of 150 kW and 350 kW recharging points for LDV and HDV.

With the support of the EBRD as implementing partner, Petrol applied for a grant funding under CEF2 – Transport – AFIF.

Transition Impact

ETI score: 60

The transition impact of the Project is expected to derive from the Green Transition Quality as the Project entails installation of both LDV and HDV recharging points, contributing to the reduction in greenhouse gas emissions in transport sector. Projects involving infrastructure for zero-carbon transport systems, including EV recharging points are eligible for 100% Green Economy Transition (GET). Moreover, deployment of recharging points for HDV in Slovenia and Croatia will provide  experiences ahead of future deployment in all countries of the CROSS-E  Project.

Client Information


Petrol is the leading energy supplier in Slovenia and SEE region, listed on Ljubljana Stock Exchange.

Petrol is rated BBB- (stable outlook) by S&P as of December 2023.

EBRD Finance Summary

EUR 9,500,000.00

Total Project Cost

EUR 17,530,000.00


Risk mitigation: (i)EBRD’s long-term relationship with a client provides comfort to the client to be willing to take on more risk and/or finance, enabling outcomes such as innovation or expansion into new markets; (ii) EBRD helps the client to mitigate carbon transition risks and take climate action, such as to move along a low carbon transition pathway; EBRD helps the client to mitigate climate governance risks and take climate action, such as to improve its internal corporate governance for managing climate risks.

Environmental and Social Summary

Category B (2019) and rated low risk. The installation of electrical car charging points at existing petrol retail stations is considered low risk and the environmental and social risks are minimal. The client is an existing customer for the Bank and their performance on the existing projects has been good. The client is involved in several sectors including petroleum products sales and distribution as well as energy production and distribution. The Company has an internal environmental department and is certified in numerous management systems (ISO certifications) in quality management, energy management, environmental management and health and safety. All of these management systems will be applied to the construction and subsequent operation of the electrical vehicle charging systems to be installed at the existing petrol retail stations as part of this project.  The client will be required to complete an Annual Environmental and Social Report for this project, and allow ESD visits, if required as part of monitoring.

Company Contact Information

Mrs. Rosana Skolaris
+386 40 841 011
Petrol d.d., Ljubljana
Dunajska 50
1000 Ljubljana

PSD last updated

11 Jul 2024

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168


For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794


General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD’s Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank’s countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


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