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    Signature(s)

    Amount
    € 45,000,000
    Countries
    Sector(s)
    Czech Republic : € 45,000,000
    Energy : € 45,000,000
    Signature date(s)
    30/06/2010 : € 45,000,000

    Summary sheet

    Release date
    3 April 2008
    Status
    Reference
    Signed | 30/06/2010
    20070370
    Project name
    Promoter - financial intermediary
    CEPS Electricity Grid
    CEPS a.s.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 45 million
    EUR 90 million
    Location
    Sector(s)
    Description
    Objectives

    The project is the promoter’s investment programme for 2007/2008. It consists of a large number of technically independent, geographically dispersed schemes. Main investment components are transformers, substations and overhead lines.

    The Programme will increase the security of supply in electricity, i.e. reliability and quality of transmission, due to modernization of existing facilities and connection to new sources. It is expected that system losses will decrease due to installation of new equipment.

    Environmental aspects
    Procurement

    Depending on their technical size and location, the components of the investment programme can fall under Annex I or II of the EIA directive 85/337/EC and its amendments of 1997 and 2003. Further details are to be assessed during appraisal.

    The promoter is subject to the requirements of the EU Procurement Directive 2004/17/EC and committed to compliance.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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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    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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