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REN - ELECTRICITY SYSTEM UPGRADE

Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Portugal : € 250,000,000
Energy : € 250,000,000
Signature date(s)
28/11/2008 : € 250,000,000
Link to source
Data sheet
REN - ELECTRICITY SYSTEM UPGRADE
Other links
Summary sheet
REN-Electricity System Upgrade

Summary sheet

Release date
4 July 2008
Status
Reference
Signed | 28/11/2008
20080252
Project name
Promoter - financial intermediary
REN-Electricity System Upgrade

REN Rede Eléctrica Nacional S.A.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Investment loan

To support the beneficiary’s investment programme which aims at reinforcing and extending the electricity transmission network throughout Portugal.

Environmental aspects
Procurement

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

EIB will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation, including publication of tender notices in the Official Journal of the EU as and where appropriate.

Link to source
Summary sheet
REN-Electricity System Upgrade
Other links
Data sheet
REN - ELECTRICITY SYSTEM UPGRADE

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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