Release date: 25 July 2008
Promoter – Financial Intermediary
EDP - Energias de Portugal, S.A.Location
Description
The project consists of the re-powering of two existing run-of-the-river hydro-plants along the River Douro, in Portugal, through the construction of new underground generators, which will increase the capacity of both plants by around 440MW.
Objectives
To expand electricity generation from renewable sources, contributing to several key EU objectives: security of supply, fight against climate change and raise competitiveness.
Sector(s)
Proposed EIB finance (Approximate amount)
Estimated at EUR 150 million.
Total cost (Approximate amount)
Estimated at EUR 300 million.
Environmental aspects
Both hydro plants fall under Annex II of Directive 85/337/EC, as amended by Directives 97/11/EC and 2003/35/EC. Thus, the project sub-schemes would be subject to an EIA based on a case-by-case decision or defined criteria set by the competent authorities. The promoter has confirmed that EIAs have been completed. Neither water storage nor river flow parameters are expected to be modified by the project.
- Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA)
- Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA)
Procurement
The promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, as defined by procurement Directive 93/38/EEC and amended by Utilities Directive 2004/17/EC, including the publication in Official Journal of EC where appropriate. Detailed procedures applied by the promoter will be reviewed during the appraisal.
Status
Signed - 4/02/2009