Summary sheet
Loan to finance the promoter's research, development and innovation (RDI) and energy efficiency investment programmes as well as the upgrade of the Group's manufacturing plants in Spain.
The proposed project comprises Group RDI activities, as well as energy and modernisation programmes and new production lines at ten sites in Castilla y León, two in Valencia, and two in Andalucía: all in Spain and all in convergence regions.
Depending on their size and location, some sub-projects may fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU. The proposed investments are all on existing RDI or production sites and are of a limited scale. As such, they are unlikely to require an EIA. However, the impact of each sub-project and the cumulative impact on each site will reviewed at appraisal, and confirmation will be sought from the Competent Authority where appropriate.
The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement.