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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    Spain : € 500,000,000
    Energy : € 500,000,000
    Signature date(s)
    23/12/2016 : € 500,000,000

    Summary sheet

    Release date
    16 November 2018
    Status
    Reference
    Signed | 23/12/2016
    20160169
    Project name
    Promoter - financial intermediary
    FINANCING FOR POWER NETWORK MODERNISATION
    IBERDROLA SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 500 million
    EUR 1197 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    Financing for the development and modernisation of electricity network infrastructure throughout Spain during the 2016-2018 period.

    The overall purpose of the programme is to modernise the electricity distribution network in order to maintain or improve the quality of electricity supply, cater for new system users and improve the overall operational efficiency of the distribution system operator. It also comprises advanced metering infrastructures, as per the country's mandatory roll-out.

    Environmental aspects
    Procurement

    The project will concern the implementation of electricity distribution schemes and comprises overhead lines with voltage levels up to 132 kV, some of which may require the competent national authority to determine the need for an environmental impact assessment (EIA). The main impacts that can be typically expected for the programme relate to noise nuisance and disturbance during construction, vegetation clearance, visual impact, electromagnetic fields as well as impact on flying vertebrates.

    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, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC), as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

    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) - FINANCING FOR POWER NETWORK MODERNISATION
    Publication Date
    5 Dec 2018
    Document language
    Main Topic
    Lending
    Document Number
    86760706
    Document Focus
    Environmental Information
    Project Number
    20160169
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - FINANCING FOR POWER NETWORK MODERNISATION
    Publication Date
    29 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    131256142
    Document Focus
    Environmental Information
    Project Number
    20160169
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    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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