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Signature(s)

Amount
€ 90,000,000
Countries
Sector(s)
Austria : € 90,000,000
Energy : € 90,000,000
Signature date(s)
16/06/2008 : € 90,000,000
Link to source

Summary sheet

Release date
20 December 2007
Status
Reference
Signed | 16/06/2008
20070453
Project name
Promoter - financial intermediary
Verbund Styria HV Transmission TEN

Österreichische Elektrizitätswirtschafts-AG

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 85 million.
EUR 170 million.
Location
Sector(s)
Description
Objectives

Construction and operation of a 98 km 380 kV high voltage overhead line from the Kainachtal substation near Graz in Styria to the Rotenturm substation in Burgenland.

 

The project constitutes a north-south HV power link critical for the regional grid stability. It has been identified as a TEN-e project of European interest in the priority interconnection plan and forms part of a priority axis identified under the revised 2006 TEN-e guidelines.

 

Environmental aspects
Procurement

The project falls under the Annex I of EIA directive 85/337 as amended and requires an EIA, which was issued in 2005. The project was extensively debated in public as well as through the relevant administrative and judicial instances. It received approval in March 2007 by the competent authority, which was confirmed by the relevant courts. Environmental aspects under inclusion of mitigation measures will be assessed during appraisal. Compliance with EU environmental directives and national laws will be verified.

The promoter is subject to the requirements of the EU Procurement Directive 93/38/EC (as amended by 2004/17/EC) and committed to compliance.

 

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).

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Alternatively, the EIB can be contacted through its external offices.
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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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