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RED ELECTRICA DE ESPANA IV

Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Spain : € 150,000,000
Energy : € 150,000,000
Signature date(s)
23/01/2003 : € 25,000,000
23/01/2003 : € 25,000,000
26/11/2002 : € 50,000,000
23/01/2003 : € 50,000,000
Link to source
Data sheet
RED ELECTRICA DE ESPANA IV
Other links
Summary sheet
Red Eléctrica de España IV

Summary sheet

Release date
29 April 2002
Status
Reference
Signed | 26/11/2002
20020133
Project name
Promoter - financial intermediary
Red Eléctrica de España IV
Red Eléctrica de España, S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 40% of project cost
Approximately EUR 500 mio
Location
Sector(s)
Description
Objectives

The project consists of a range of measures for expanding and reinforcing the promoter's electricity transmission network.

The project comprises a large number of geographically dispersed schemes on the Spanish transmission network throughout the country. The capacity being added over the two-year period includes high voltage substations, overhead lines and underground cables. Approximately 50% of the investments will benefit Objective 1 Assisted Areas, the remaining being located in Objective 2 Assisted Areas (40%) and non-assisted areas (10%).

Environmental aspects
Procurement

The promoter is expected to follow the EU directive concerning preparation of Environmental Impact Assessments. In this project, it is possible that some schemes fall under Annex I of the EIA Directive – to be verified during appraisal.

The promoter is required to respect the Community Directives as regards invitations to tender (directive 93/38/EC).

Comments

Electricity transmission

Link to source
Summary sheet
Red Eléctrica de España IV
Other links
Data sheet
RED ELECTRICA DE ESPANA IV

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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