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Signature(s)

Amount
€ 600,000,000
Countries
Sector(s)
Spain : € 600,000,000
Energy : € 600,000,000
Signature date(s)
22/09/2005 : € 150,000,000
22/09/2005 : € 150,000,000
30/01/2006 : € 300,000,000
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Summary sheet

Release date
1 June 2005
Status
Reference
Signed | 22/09/2005
20020649
Project name
Promoter - financial intermediary
ENDESA Electricity Distribution III
The Group ENDESA.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 30% of project cost.
Approximately EUR 2 050 million.
Location
Sector(s)
Description
Objectives

Reinforcement and extension of electricity distribution networks in Spain.

The project is part of the promoter’s 2005-2006 ongoing capital spending programme in electricity distribution facilities. The capacity being added over the two-year period includes power transformers, overhead lines and underground cables of high, medium and low voltage. The investments will benefit regions mostly considered assisted areas objective 1 and 2.

Environmental aspects
Procurement

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

The promoter follows EU public procurement procedures in accordance with the Utilities Directive 93/38/EC pending transposition of 2004/17/EC into national law.

Comments

Electricity distribution.

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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 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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