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Signature(s)

Amount
€ 216,387,766.88
Countries
Sector(s)
United Kingdom : € 216,387,766.88
Energy : € 216,387,766.88
Signature date(s)
23/07/2003 : € 216,387,766.88
Link to source
Other links
Summary sheet

Summary sheet

Release date
13 June 2003
Status
Reference
Signed | 23/07/2003
20020375
Project name
Promoter - financial intermediary
Coolkeeragh ESB Power

ESBI International / Coolkeeragh ESB Ltd
Stephens Court
Dublin 2

Electricity Supply Board
27 Lower Fitzwilliam Street
Dublin 2
Ireland
Contact Point: M. Roche

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 150 million
Estimated to be up to GBP 200 million.
Location
Sector(s)
Description
Objectives

Construction of a 400 MW state-of-the-art combined cycle gas turbine (CCGT) power plant replacing an existing 40-year old oil-fired station on the same site at Coolkeeragh, Northern Ireland. The new plant will be fired by natural gas and will make full use of the existing infrastructure.

The CCGT technology will mean lower emissions, lower operating costs, and better reliability for Northern Ireland customers. The construction of the plant will enhance regional development.

Environmental aspects
Procurement

The project falls under Annex 1 of EU Directive 97/11/EC. An EIA procedure has been followed, including formal public consultation. After the procedures had been completed, the Department of Environment granted full planning permission in July 2001, Government consent to construct and operate was awarded August 2001 and the Industrial Pollution Control authorisation was issued in November 2001. The switch from heavy fuel oil in the existing Coolkeeragh plant to natural gas in the New Coolkeeragh plant and efficient, low-emission combustion equipment will result in relatively low specific emissions to the atmosphere.

The project falls under the EU Procurement Directive 93/38/EC and the main contract for equipment and civil works was published appropriately in the OJEC in December 2000.

Comments

Energy and environment; Regional Development

Link to source
Summary sheet
Other links

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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Alternatively, the EIB can be contacted through its external offices.
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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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