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Signature(s)

Amount
€ 450,000,000
Countries
Sector(s)
Spain : € 450,000,000
Energy : € 450,000,000
Signature date(s)
21/06/2004 : € 200,000,000
21/06/2004 : € 250,000,000
Link to source
Data sheet
Other links

Summary sheet

Release date
30 March 2004
Status
Reference
Signed | 21/06/2004
20020567
Project name
Promoter - financial intermediary
Enagás España II (TEN)
Enagás, S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 450 m representing 48% of project cost.
EUR 930 m.
Location
Sector(s)
Description
Objectives

The project consists of the reinforcement and extension of the Spanish gas transmission network and gas reserve facilities.

The investments would cover practically all Spanish regions, mostly assisted areas Objective 1 and 2. The investments are included in the 2002-2011 Spanish National Energy Plan.

Environmental aspects
Procurement

The various project schemes fall under Annex I or Annex II categories of the EU directive 85/337 as amended by directive 97/11. Given that requirements for environmental assessment vary from one autonomous province to another, the Promoter has adopted a standard procedure for all pipeline projects that include a full EIA in accordance with the requirements of the directives.

The promoter, like most of the Spanish and Portuguese utilities, is a subscriber to Repro, an open classification system recognised to be in line with the requirement of EC directive 93/38. The system establishes common vendor lists after regular publication of pre-qualification notices in the OJ of the EU. Contracts are then awarded after restricted tendering of suppliers from the vendor list. These procedures are acceptable to the Bank.

Comments

Electricity and gas.

Link to source
Other links

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).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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