Release date: 26 February 2013
Promoter – Financial Intermediary
IBERDROLA SALocation
Description
Investment programme aiming at reinforcing and modernising Iberdrola's electricity distribution network in Spain by connecting new supply points and improving overall reliability and safety of its distribution system.
Objectives
Investment program to be carried out during 2012 and 2013 aimed at reinforcing and modernising Iberdrola´s electricity distribution network in Spain by connecting new supply points and improving overall reliability and safety of its distribution system.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 512 million
Environmental aspects
The project includes schemes that do require Environmental Impact Assessment. EIAs are being carried out in accordance with applicable legislation in line with the EU EIA Directive 92/2011/EU. The impacts that can be typically expected for these schemes relate to visual impact, vegetation clearance, impact on flying vertebrates, electromagnetic fields, noise nuisance, and disturbance during construction. Most of the project schemes relate to medium and low voltages and are therefore expected to have minimal or null environmental impacts.
Procurement
The promoter is a contracting entity that falls under the Utilities Directive 2004/17/EC, and is therefore required to tender works, supplies and services contracts following public procurement rules, including the publication in the Official Journal of the EU (OJEU) where appropriate.
Status
Signed - 25/07/2013
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).