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    Reference: 20130193
    Release date: 3 October 2013

    Promoter – Financial Intermediary

    HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR SA

    Location

    Description

    The project consists of a three year investment programme aimed at modernising and reinforcing the electricity distribution networks of peninsular and insular Greece. It comprises a large number of electricity distribution schemes ranging from low voltage up to 150 kV.

    Objectives

    The purpose of the project is to improve network safety and reliability, connect new system users and initiate the installation of smart meters throughout the country.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 415 million

    Total cost (Approximate amount)

    EUR 838 million

    Environmental aspects

    The characteristics and voltage range of the Project schemes are such that they are listed neither under Annex I nor Annex II of the EIA Directive 2011/92/EU. The environmental impacts of the Project are expected to be modest and, in most cases, limited to disturbance during construction.

    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/EEC and Dir. 2007/66/EC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.

    Status

    Signed - 11/03/2014

    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).

    Related tags

    Greece Energy