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        EMS ELECTRICITY NETWORK UPGRADING

        Signature(s)

        Amount
        € 24,500,000
        Countries
        Sector(s)
        Serbia : € 24,500,000
        Energy : € 24,500,000
        Signature date(s)
        12/06/2009 : € 24,500,000

        Summary sheet

        Release date
        26 February 2008
        Status
        Reference
        Signed | 12/06/2009
        20070244
        Project name
        Promoter - financial intermediary
        EMS Electricity Network Upgrading
        JP Elektromreza Srbije
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 25 million
        EUR 50 million
        Location
        Sector(s)
        Description
        Objectives

        Design, supply, construction, and operation of six power substations.

        The project has the purpose of maintaining and improving the reliability and quality of power supply, reducing technical losses, and lowering operation and maintenance costs. The schemes are geographically dispersed all over Serbia.

        Environmental aspects
        Procurement

        The Bank’s services, in co-operation with the European Commission, will take particular care to ensure that proper attention is given to all environmental concerns and appropriate mitigation measures are implemented, in line with the Bank’s relevant guidelines, including issues relating to nature conservation areas.

        The Bank will require the Promoter to ensure that contracts for the implementation of the Project shall be tendered in accordance with the EIB Guidelines and the relevant applicable EU procurement legislation with parallel publication of tender notices in the EU Official Journal.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        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.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        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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