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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Portugal : € 200,000,000
Energy : € 200,000,000
Signature date(s)
8/01/2008 : € 50,000,000
27/12/2007 : € 150,000,000
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Summary sheet

Release date
23 November 2007
Status
Reference
Signed | 27/12/2007
20070327
Project name
Promoter - financial intermediary
EDP Ciclo Combinado Lares

EDP - Energias de Portugal, S.A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million, indicatively.
Under appraisal.
Location
Sector(s)
Description
Objectives

Construction and operation of a natural gas-fired combined cycle turbine generating plant with a total capacity of around 860 MW.

The project will contribute to enhance security of electricity supply and will allow for better power generation efficiency with less greenhouse gas (GHG) emissions per unit of electricity produced.

Environmental aspects
Procurement

Compliance with EU environmental directives and national laws will be ensured.

The promoter is required to tender works, supplies and services contracts following procurement rules of relevant national and EU legislation, including the publication in the Official Journal of EU where appropriate.

Link to source
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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.

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