Release date: 12 April 2012
Promoter – Financial Intermediary
RED ELECTRICA DE ESPANA SALocation
Description
Reinforcement and expansion of electricity transmission network in Spain during the period 2012-2014
Objectives
The project will promote the development of the electricity transmission network of Spain and will be implemented mainly in areas designated as convergence regions (stricto sensu, phasing in and phasing out). It will support the connection and the efficient exploitation of traditional and renewable generation resources, and improve security of supply through the creation of additional transmission capacity.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 450 million
Total cost (Approximate amount)
EUR 943 million
Environmental aspects
By their technical characteristics some project components fall under Annex I or Annex II of the EIA Directive. The impacts that can be typically expected for these components relate to visual impact, vegetation clearance, birds strikes and mortality, electromagnetic fields, noise nuisance, disturbance during construction and impact on seabed fauna and flora. Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures 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/EEC and Dir. 2007/66/EC), with parallel publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 3/12/2016
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).