Release date: 15 September 2014
Promoter – Financial Intermediary
REN - REDE ELECTRICA NACIONAL SALocation
Description
Investments under the promoter's 2014-2018 investment plan, aiming at the extension and reinforcement of the electricity transmission network throughout Portugal.
Objectives
The programme is expected to enable the integration into the grid of new renewable generation resources, support the efficient operation of the electricity market in the Iberian Peninsula and contribute to improving the reliability of supply.
Comments
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 170 million
Total cost (Approximate amount)
EUR 350 million
Environmental aspects
By their technical characteristics, some programme schemes fall under Annex I or Annex II of the Environmental Impact Assessment Directive. The impacts that can be typically expected for these sub-projects relate to visual impact, vegetation clearance, electromagnetic fields, noise nuisance, impact on flying vertebrates and disturbance during construction. Environmental impact studies will be carried out as applicable and mitigating and/or compensation 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 (Dir. 2004/17/EC and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC]), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 25/11/2015
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).