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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Portugal : € 150,000,000
    Energy : € 150,000,000
    Signature date(s)
    12/10/2010 : € 75,000,000
    25/01/2011 : € 75,000,000
    Link to source

    Summary sheet

    Release date
    15 April 2010
    Status
    Reference
    Signed | 12/10/2010
    20090623
    Project name
    Promoter - financial intermediary
    REN-Electricity System Upgrade II

    REN Rede Eléctrica Nacional S.A.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 150 million.
    Up to EUR 302 million.
    Location
    Sector(s)
    Description
    Objectives

    Investment programme aiming to reinforce and extend the electricity transmission network throughout Portugal.

    The programme will support the EU’s energy policy objectives as well as help economic development in convergence regions.

    Environmental aspects
    Procurement

    According to the screening carried out by the Portuguese competent authorities, 17 project components require Environmental Impact Assessment. Among them, 4 have already received environmental impact declaration and 7 are currently undergoing the EIA process; the EIAs of the remainder 6 components have not started yet. The impacts that can be typically expected for the project schemes are generally modest and mainly relate to vegetation clearance, visual impact, electromagnetic fields, disturbance during construction and impact on flying vertebrates.

    REN follows public procurement procedures in accordance with the Directive 2004/17/EC, whose compliance will be confirmed during 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).

    News & Stories

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