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    Signature(s)

    Amount
    € 165,000,000
    Countries
    Sector(s)
    France : € 165,000,000
    Energy : € 165,000,000
    Signature date(s)
    9/02/2011 : € 165,000,000

    Summary sheet

    Release date
    4 September 2009
    Status
    Reference
    Signed | 25/08/2010
    20090444
    Project name
    Promoter - financial intermediary
    Toul CCGT Power Plant
    POWEO Toul Production sarl
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 190 million.
    EUR 450 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the construction and operation of a 420 MWe Combined Cycle Gas Turbine (CCGT) plant of high efficiency in Toul (east of France) on a brown field site within the boundaries of the “Pôle industriel Toul Europe”. The investment includes the deployment of a 28 km underground pipeline connection to the national gas system and a 225 kV electricity connection to an adjoining substation.

    The project will result in efficient electricity generation with lower environmental impact than any other type of conventional thermal power stations. It will contribute to increase energy security and differentiate power generation sources at national and European level, to enhance market competition (the promoter is a new entrant in the power generation sector) and to meet growing demand.

    Environmental aspects
    Procurement

    Due to its capacity (plant over 300 MWth), the project is subject to the Annex 1 of the EIA Directive (85/337/EC and amendments) and was required to undergo a full Environmental Impact Assessment. The EIA is finalised, approved and a construction permit has been granted by the competent authority. The details of the EIA, results of public consultation and proposed mitigation measures, compliance with the Large Combustion Plant and IPPC Directives and relevant Best Available Techniques will be reviewed during appraisal.

    It appears that the project is not subject to public procurement procedures. Nevertheless, the promoter operates a competitive system of tendering and bid evaluation. During the appraisal, the Bank will verify the promoter’s procurement procedures to ensure that the project benefits from market-based competition between potential subcontractors.

    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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    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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