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Reference: 20050427
Release date: 21 October 2005

Promoter – Financial Intermediary

National Grid Electricity Transmission Plc
Warwick Technology Park
Gallows Hill, Warwick CV34 6DA
UK

Location

Description

An investment programme aimed at renewing, reinforcing and expanding the England & Wales electricity transmission system.

Objectives

The schemes would enhance reliability and safety of electricity supply, facilitate the connection of new electricity generation and reinforce grid to meet increasing electricity demand.

Sector(s)

Proposed EIB finance (Approximate amount)

Up to GBP 200 million.

Total cost (Approximate amount)

Estimated to be about GBP 1,400 million over a two-year period.

Environmental aspects

The Project primarily comes under Annex II of the EU Environmental Directive, which has been transposed directly into national law. Some of the Project schemes may be classified under Annex I and as such will require a formal EIA. NGET has a policy of taking a responsible approach in dealing with the environment and its UK sites and operations are certified to ISO14001.

Overall, the environmental impact of the project is expected to be limited and acceptable.

Procurement

Contracts for the implementation of the project have been or shall be tendered in accordance with the applicable EU procurement legislation, with parallel publication of tender notices in the Official Journal of the EU, as and when appropriate.

Status

Signed - 20/12/2005

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).

Related tags

United Kingdom Energy