The project consists of the re-powering of two existing run-of-the-river hydro-plants along the River Douro, in Portugal, through the construction of new underground generators, which will increase the capacity of both plants by around 440MW.
Objectives
To expand electricity generation from renewable sources, contributing to several key EU objectives: security of supply, fight against climate change and raise competitiveness.
Comments
Sector(s)
Energy
Proposed EIB finance (Approximate amount)
Estimated at EUR 150 million.
Total cost (Approximate amount)
Estimated at EUR 300 million.
Environmental aspects
Both hydro plants fall under Annex II of Directive 85/337/EC, as amended by Directives 97/11/EC and 2003/35/EC. Thus, the project sub-schemes would be subject to an EIA based on a case-by-case decision or defined criteria set by the competent authorities. The promoter has confirmed that EIAs have been completed. Neither water storage nor river flow parameters are expected to be modified by the project.
The promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by procurement Directive 93/38/EEC and amended by Utilities Directive 2004/17/EC, including the publication in Official Journal of EC where appropriate. Detailed procedures applied by the promoter will be reviewed during the appraisal.
Status
Signed
-
04/02/2009.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding 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, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to 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 or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
