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Signature(s)

Amount
€ 65,000,000
Countries
Sector(s)
Greece : € 65,000,000
Energy : € 65,000,000
Signature date(s)
20/12/2007 : € 65,000,000
Link to source

Summary sheet

Release date
13 June 2006
Status
Reference
Signed | 20/12/2007
20060165
Project name
Promoter - financial intermediary
Hellenic Natural Gas IV
Public Gas Corporation of Greece (DEPA) S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of the project cost.
Presently estimated at EUR 50 million, but could increase depending on the final scope of the project.
Location
Sector(s)
Description
Objectives

The project will comprise schemes relating to the implantation of a medium pressure network to serve the larger towns along the high-pressure line from Athens to central and northern Greece, but may also include some extensions to the high-pressure network and low-pressure lines.

The project will encourage the rational utilisation of energy resources, due to the economic and environmental advantages of natural gas over other fossil fuels, it should facilitate the development and reduce the isolation of the less favoured regions and contribute to meeting the rising demand for natural gas in Greece.

Environmental aspects
Procurement

The project’s compliance with all applicable national and EU environmental legislation will be verified during appraisal.

The promoter is required to respect national and European legislation applicable to public authorities procurement.

Comments

Oil and gas.

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).

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.

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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.

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