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    Signature(s)

    Amount
    € 180,000,000
    Countries
    Sector(s)
    Czechia : € 180,000,000
    Energy : € 180,000,000
    Signature date(s)
    27/01/2011 : € 80,000,000
    18/11/2010 : € 100,000,000

    Summary sheet

    Release date
    29 September 2010
    Status
    Reference
    Signed | 18/11/2010
    20100177
    Project name
    Promoter - financial intermediary
    CEZ Photovoltaic Power Investments

    CEZ a.s.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million.
    Estimated at EUR 400 million.
    Location
    Sector(s)
    Description
    Objectives

    Investment programme comprising a series of similar land-based, multi-megawatt photovoltaic power plants located in the Czech Republic.

    The development of renewable energy capacity, using indigenous sources of energy, will support national and European targets for renewable energy generation and contribute to environmental and security of energy supply objectives. Electricity generation from PV sources will displace fossil fuel-fired generation and the associated emissions of CO2, NOX and SO2. Additionally, the investments included in this operation are situated in Convergence Regions (“Strictu Sensu” and “Phasing-In”).

    Environmental aspects
    Procurement

    The environmental and social impacts of the land-based solar PV installations are likely to be limited to visual effects. Based on current information, all projects under the investment programme fall under Annex II of the Environmental Impact Assessment directive (85/337/EEC as amended by 97/11/EC and 2003/35/EC), leaving it to the competent authority to decide on the need for an EIA in line with the Directive. The project shall comply with national and EU environmental legislation.

    The promoter is a public undertaking in the sense of the Utilities Directive 2004/17/EU and would thus have to apply public procurement procedures accordingly. However, some of the schemes have been fully or partly developed by private entities and corresponding supply/works contracts may have been awarded prior to the project acquisition by the promoter. In these cases, publication of contract notices was not required. The Bank will ensure that suitable procurement procedures will be applied by the promoter and/or the borrowers.

    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

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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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