UK Power Networks Upgrade

The Project is a 3-year investment programme aimed at renovating and reinforcing the electricity distribution networks of three licensed Distribution Network Operators (DNOs) serving the city of London, the East of England or the South East of England. The Project comprises the implementation of a large number - several thousands - of electricity distribution schemes from low voltage up to 132 kV. The Project also includes research and development activities (R&D) involving the trial of new network technologies and functionalities to facilitate the transition to a “smarter” distribution network.

Comments

Sector(s)

Energy

Proposed EIB finance (Approximate amount)

GBP 300 million (EUR 358.51 million)

Total cost (Approximate amount)

Estimated at GBP 985.10 million (EUR 1 126 million)

Environmental aspects

Environmental impact studies have been/shall be carried out in compliance with the relevant EU and national environmental legislation and mitigating measures will be applied as necessary.

Procurement

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 (Directive 2004/17/EC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 19/12/2012.

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).

Projects

Refurbishment and upgrading of power grids serving London and east and south-east England

E-mail

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Zero-tolerance against fraud and corruption

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.