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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Malta : € 150,000,000
    Energy : € 150,000,000
    Signature date(s)
    22/09/2008 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    4 July 2008
    Status
    Reference
    Signed | 22/09/2008
    20050037
    Project name
    Promoter - financial intermediary
    Enemalta Power Plant & Distribution

    Enemalta Corporation

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 140 million.
    EUR 290 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the upgrading of the Maltese power sector with new thermal generating capacity and reinforcements of the electricity supply network.

     

    The project is expected to help to cover demand for electricity in Malta and improve the quality of services. The generation of electricity with higher energy efficiency will also allow to achieve savings in fuel consumption and thereby to reduce emissions of pollutants and greenhouse gases.

    Environmental aspects
    Procurement

    The Large Combustion Plant Directive (LCPD) imposes staged reductions to SO2, NOx and dust emissions from existing power plants as well as emission limits from new combustion plants. The proposed project is part of Enemalta’s investment programme defined to achieve compliance with LCPD.

     

    The project is subject to the EU legislation on procurement. All project assets will be procured in accordance with the provisions of the relevant EU Directives.

     

    Link to source

    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).

    News & Stories

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    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.

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