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REDEXIS GAS TRANSMISSION AND DISTRIBUTION

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REDEXIS GAS TRANSMISSION AND DISTRIBUTION

  •  Reference: 20120132
  •  Release date: 17 March 2015
Promoter – Financial Intermediary

REDEXIS GAS SA

Location
Description

The project is part of the promoter's investment programme to extend the gas distribution networks in Spain for the period 2015-2018. The investments envisaged by the promoter include mainly the construction of new pipelines of various operating pressures to reach unserved Spanish customers who currently rely on fuel oil and propane for heating and cooking purposes. The investment schemes are located in various parts of the country.

Objectives

The project will allow for the replacement of more polluting fuels by cleaner and cheaper natural gas in the residential, commercial and industrial sectors. Parts of the project will be located in EIB cohesion priority regions.

Comments
 
Sector(s)
EFSI financing
EUR 160,00 million
Related total EFSI investment
EUR 325,60 million
Proposed EIB finance (Approximate amount)

EUR 160 million

Total cost (Approximate amount)

EUR 326 million

Environmental aspects
Some of the investment elements will require an environmental impact assessment. The screening process and results, as well as the potential impact of the project schemes on nature conservation sites, will be assessed during appraisal. The impact that can typically be expected relates to noise nuisance and disturbance during construction, and tends to be limited.
The promoter's capacity and procedures to ensure compliance with safety, environmental and biodiversity regulations will be reviewed during appraisal as will the potential impact on sites of nature conservation and/or on archaeological heritage.
Compliance with EU policy and legislation in the field of the environment will be confirmed when the appraisal has been concluded.
Procurement

The investments under the project are subject to the procurement provisions defined in Directive 2004/17/EC for entities operating in the water, energy, transport and postal services sectors.

Status

Signed   -   22/12/2015.


Disclaimer

The figures on this page are not part of formal EIB Group reporting on EFSI. Therefore, they are provisional and unaudited. The figures are subject to change. Approvals of EIB projects by the EIB Board of Directors are a requirement for financing negotiations with project promoters which, if successful, lead to signatures.



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