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Signature(s)

Amount
€ 270,000,000
Countries
Sector(s)
Spain : € 270,000,000
Energy : € 270,000,000
Signature date(s)
28/02/2007 : € 70,000,000
28/02/2007 : € 200,000,000
Link to source

Summary sheet

Release date
7 November 2006
Status
Reference
Signed | 28/02/2007
20020264
Project name
Promoter - financial intermediary
Electrica Fenosa VIII
Union Fenosa Distribución, SA and dependent group companies engaged in electricity distribution activities; or Acceptable bank(s) in case of bank(s) intermediation.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 38% of project cost.
Approximately EUR 706 million.
Location
Sector(s)
Description
Objectives

Reinforcement and extension of the electricity sub transmission and distribution network in 4 Spanish regions. The project comprises a large number of geographically dispersed schemes on the promoter’s distribution networks (220 KV to low tension). The project is part of the promoter’s 2006-2008 ongoing capital spending programme in electricity distribution facilities and includes the study, design, supply, erection and commissioning of substations, overhead lines, underground cables, meters, as well as improvements of regional network operation and control centres.

The project will increase capacity to cater for growing electricity demand, improve the quality and reliability of supply, reduce technical losses and fulfil legal and regulatory requirements.

Environmental aspects
Procurement

A small portion of schemes fall under Annex I and Annex II of the EU Environmental Directive and is subject to Environmental Impact Assessment. The promoter submits the investment proposals on a regular basis to the competent authorities.

The investments are subject to Procurement Directive 2004/17/EC. The promoter has confirmed that procurement procedures applied to the project will be in line with the directive’s requirements, including regular publications in the Official Journal of the EU and the National Official Journal (BOE).

Comments

Electricity distribution.

Link to source
Summary sheet

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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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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