Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 58,000,000
Countries
Sector(s)
Portugal : € 58,000,000
Energy : € 58,000,000
Signature date(s)
12/06/2007 : € 19,000,000
4/12/2006 : € 39,000,000
Link to source
Data sheet

Summary sheet

Release date
8 November 2005
Status
Reference
Signed | 04/12/2006
20050392
Project name
Promoter - financial intermediary
Cogeração Sines
A group engaged in the exploration, production, refining and distribution of petroleum products, in the transport and supply of natural gas and in CHP development.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Estimated at up to 50% of the project cost.
To be determined.
Location
Sector(s)
Description
Objectives

The project involves the construction and operation of a natural gas-fired industrial cogeneration plant consisting of two identical gas turbines/steam boiler units (each approximately 40 MWe electricity and 125 t/h steam) to meet the major part of steam demand of a refinery. Surplus electricity will be exported via a new 150 kV overhead line to the national HV-grid.

Replacement of existing heavy fuel-oil fired power and heat generators to raise the efficiency of the energy conversion, to increase electricity sales to the grid and achieve compliance with the Large Combustion Plant Directive by reducing emissions of SO2, NOx and particulates.

Environmental aspects
Procurement

Due to its thermal capacity, the project falls under Annex II of the EIA Directive 85/337/EC. A full EIA has been carried out. The EIA concluded that no site of nature conservation importance (Natura 2000) will be concerned by the project. The project is in line with the European policy objectives of promoting cogeneration, improving the environment and supporting the management and rational use of energy.

Procurement procedures followed the requirements of the European Utilities Directive 93/38/EC and tender notices were published in the OJEU.

Link to source
Summary sheet

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 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.

Related publications