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VERBUND PSP LIMBERG II

Signature(s)

Amount
€ 240,000,000
Countries
Sector(s)
Austria : € 240,000,000
Energy : € 240,000,000
Signature date(s)
5/03/2008 : € 40,000,000
20/03/2007 : € 200,000,000
Link to source
Data sheet
VERBUND PSP LIMBERG II
Other links
Summary sheet
Verbund PSP Limberg II

Summary sheet

Release date
8 May 2006
Status
Reference
Signed | 20/03/2007
20050388
Project name
Promoter - financial intermediary
Verbund PSP Limberg II
Oesterreichische Elektrizitätswirtschafts AG.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 180 million.
EUR 365 million. Subject to confirmation/change during project appraisal.
Location
Sector(s)
Description
Objectives

The project consists of the construction and operation of a pumped storage power plant near Kaprun in the Austrian Alps. The plant will share the two existing hydro reservoirs built in the 1950s with the Kaprun 300 MW pumped storage scheme existing since then.

The project will contribute to the requirements for peak power as well as electricity balancing and regulation in the countries covered by the integrated European grid system of the UCTE. This contributes to the balancing of demand and supply and the stability of the grid systems and thus to the security of power supply and the management and rational use of energy in the EU.

Environmental aspects
Procurement

Compliance with EU Directive 97/11/EC, amending 85/337/EEC, will be verified during appraisal and the status of any environmental studies and public consultations will be reviewed.

The promoter is required to respect national and European legislation applicable to public authorities procurement (Directive 2004/17/EC).

Comments

Art 267 a) energy projects of common interest.

Link to source
Summary sheet
Verbund PSP Limberg II
Other links
Data sheet
VERBUND PSP LIMBERG II

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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