Release date: 9 January 2015
Promoter – Financial Intermediary
ELEKTRO ELETRICIDADE E SERVICOS SALocation
Description
The project aims to renew and expand the promoter's distribution networks, reducing energy losses and enhancing the reliability and quality of electricity supply in the states of Sao Paulo and part of Mato Grosso do Sul.
Objectives
The promoter’s objectives for the current project period are to allow for around 50,000 new connections per year, improving quality standards and reducing losses.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 340 million
Environmental aspects
If located in the EU, the project would fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU requiring the competent authority to determine the need for an EIA. The vast majority of the project schemes relate to medium or low voltage extensions and reinforcement that are expected to have minimal or no environmental impact. The impact that can typically be expected relates to visual impact, vegetation clearance, impact on flying vertebrates, electromagnetic fields, noise and disturbance during construction. The environmental and social requirements in Brazil for the different schemes will be identified and the appraisal will focus on the promoter’s capacity and procedures to address social impact and environmental issues in accordance with the Bank’s environmental and social standards.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.
Status
Signed - 18/12/2015
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).