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    Signature(s)

    Amount
    € 34,791,684.79
    Countries
    Sector(s)
    Brazil : € 34,791,684.79
    Energy : € 34,791,684.79
    Signature date(s)
    21/11/2003 : € 34,791,684.79

    Summary sheet

    Release date
    31 July 2002
    Status
    Reference
    Signed | 21/11/2003
    20020012
    Project name
    Promoter - financial intermediary
    CEG Natural Gas Distribution
    Companhia Distribuidora de Gas do Rio de Janeiro, CEG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 40 mio (approx EUR 42 mio)
    USD 100 mio (approx EUR 106 mio)
    Location
    Sector(s)
    Description
    Objectives

    The project concerns investments aimed at renovating and extending the existing natural gas network in the metropolitan area of Rio de Janeiro, as well as at converting a large part of the gas distribution system of Rio de Janeiro from manufactured gas to the use of more energy-efficient and less expensive natural gas.

    To contribute to the country's efficient use of energy resources. Manufactured gas will be replaced by natural gas resulting in improved efficiency and lower specific emissions. To strengthen the reliability of Brazil's electricity generation system through increased availability of gas for thermal power generation.

    Environmental aspects
    Procurement

    The project is expected to have a positive impact on the environment after completion. The renovation of the existing gas network and the conversion from manufactured gas to natural gas aims at reducing significant gas losses in the network and the emissions from a town-gas plant. The extension of the network of natural gas fuel stations would help to reduce air pollution from traffic.Apart from disturbances during construction, impacts from medium and low pressure gas distribution grids remain normally limited and are not subject to detailed environmental assessment. For its high pressure grid, the promoter is required to conduct environmental assessment with involvement of the public.

    The promoter will advertise a procurement notice for the project in the Official Journal of the EC with the subsequent prequalification of potentially interested companies and integration into its vendors list.

    Comments

    Gas Distribution

    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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