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EDA POWER VI

Signature(s)

Amount
€ 70,000,000
Countries
Sector(s)
Portugal : € 70,000,000
Energy : € 70,000,000
Signature date(s)
1/07/2005 : € 30,000,000
18/12/2003 : € 40,000,000
Link to source
Data sheet
EDA POWER VI
Other links
Summary sheet
EDA Power VI

Summary sheet

Release date
1 October 2003
Status
Reference
Signed | 18/12/2003
20030307
Project name
Promoter - financial intermediary
EDA Power VI
Electricidade dos Açores – EDA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of total project cost
Estimated at EUR 145 million
Location
Sector(s)
Description
Objectives

Design and implementation of additional electricity generation, transmission and distribution capacity. The investments will be located in all nine of the islands making up the Archipelago of the Açores.

To meet the expected increase in electricity demand through appropriate increases in plant capacity and strengthening of transmission and distribution networks.

Environmental aspects
Procurement

The project falls under Annex II of EC Directive 97/11, which will be complied with in full. The project will have a positive effect on the environment through use of efficient generation plant and enhanced use of renewable energy resources.

Procurement procedures are in compliance with relevant EU directives and national and regional legislation.

Link to source
Summary sheet
EDA Power VI
Other links
Data sheet
EDA POWER VI

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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