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    Signature(s)

    Amount
    € 623,194,920.57
    Countries
    Sector(s)
    United Kingdom : € 623,194,920.57
    Energy : € 623,194,920.57
    Signature date(s)
    10/02/2017 : € 58,623,519.76
    10/02/2017 : € 58,623,519.76
    10/02/2017 : € 58,623,519.76
    22/02/2016 : € 102,245,568.29
    22/02/2016 : € 134,197,308.39
    22/02/2016 : € 210,881,484.61

    Summary sheet

    Release date
    12 November 2015
    Status
    Reference
    Signed | 22/02/2016
    20140659
    Project name
    Promoter - financial intermediary
    UK POWER NETWORK - RIIO-ED1 NETWORKS UPGRADE
    UK Power Networks
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 708 million (GBP 500 million)
    EUR 1699 million (GBP 1200 million)
    Location
    Sector(s)
    Description
    Objectives

    Renovating and reinforcing the electricity distribution networks throughout the London area, eastern England and south-eastern England

    Distribution network upgrade, expansion and improvement.

    Environmental aspects
    Procurement

    The majority of the project will concern the implementation of high, medium and low-voltage schemes that are expected to have minimal environmental impact. Some of the high-voltage project schemes may fall under Annex II of the Environmental Impact Assessment (EIA) Directive thus requiring a review by the competent authority with due regard to the necessity for an environmental and biodiversity assessment. The environmental aspects of the project will be appropriately assessed as part of the Bank's appraisal process.

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Comments

    None

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - UK POWER NETWORKS - RIIO-ED1 NETWORKS UPGRADE
    Publication Date
    30 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    64466955
    Document Focus
    Environmental Information
    Project Number
    20140659
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - UK POWER NETWORKS - RIIO-ED1 NETWORKS UPGRADE
    Publication Date
    10 Nov 2022
    Document language
    Main Topic
    Lending
    Document Number
    154571647
    Document Focus
    Environmental Information
    Project Number
    20140659
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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