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    Signature(s)

    Amount
    € 400,000,000
    Countries
    Sector(s)
    Belgium : € 100,000,000
    The Netherlands : € 300,000,000
    Energy : € 400,000,000
    Signature date(s)
    13/02/2009 : € 25,000,000
    26/11/2008 : € 75,000,000
    13/02/2009 : € 75,000,000
    26/11/2008 : € 225,000,000

    Summary sheet

    Release date
    13 May 2008
    Status
    Reference
    Signed | 26/11/2008
    20070458
    Project name
    Promoter - financial intermediary
    Benelux Power Generation Project
    Electrabel S.A.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 400 million
    n/a
    Location
    Sector(s)
    Description
    Objectives

    Construction of 2 combined cycle gas-fired units in Lelystadt, 1 combined cycle gas-fired unit in Amercoeur and 1 blast furnace residue gas-fired unit using gas from an Arcelor plant in Ghent.

    The project aims to contribute to meeting the growing electricity demand and replace older, more polluting generation capacity.

    Environmental aspects
    Procurement

    The project components, due to their technical characteristics, fall under Annex I of the EIA-Directive 85/337/EC and amendments, require Environmental Impact Assessments (EIA). EIAs are finalised and permits have been granted by the competent authorities of Belgium and The Netherlands. The details of the EIAs and the results of public consultation and proposed mitigating measures will be reviewed during appraisal.

    Compliance with the EU procurement directives and national laws shall be ensured.

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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