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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Portugal : € 75,000,000
    Energy : € 75,000,000
    Signature date(s)
    28/05/2010 : € 75,000,000
    Link to source

    Summary sheet

    Release date
    24 June 2009
    Status
    Reference
    Signed | 28/05/2010
    20080727
    Project name
    Promoter - financial intermediary
    Electricidade da Madeira II

    EEM, Empresa de Electricidade da Madeira S.A.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 70 million.
    Currently estimated at EUR 160 million.
    Location
    Sector(s)
    Description
    Objectives

    The project is a multi-scheme program to upgrade the electricity generation, transmission and distribution infrastructure on the Autonomous Region of Madeira.

    The purpose of the project is to ensure secure, reliable and cost-efficient provision of electricity on the archipelago of Madeira.

    Environmental aspects
    Procurement

    The project is expected to comply with Community policy and legislation in the field of the environment, to be confirmed during the appraisal.

    The promoter is a contracting entity in terms of the directive 2004/17/EC and specifically mentioned in the Annex II of this directive. The promoter is therefore obliged to implement the procurement according to the public procurement requirements of this directive. The promoter’s procurement procedures will be further examined during the appraisal.

    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).

    Documents

    Environmental and Social Impact Assessment (ESIA) - ELECTRICIDADE DA MADEIRA II - Estudio de Impacte Ambiental - Resumo Não Técnico
    Publication Date
    6 Jan 2021
    Document language
    Main Topic
    Lending
    Document Number
    130817747
    Document Focus
    Environmental Information
    Project Number
    20080727
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    General enquiries and comments

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    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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    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.

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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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