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Signature(s)

Amount
€ 275,000,000
Countries
Sector(s)
Austria : € 275,000,000
Energy : € 275,000,000
Signature date(s)
9/03/2011 : € 125,000,000
6/05/2010 : € 150,000,000
Link to source

Summary sheet

Release date
7 January 2010
Status
Reference
Signed | 06/05/2010
20090636
Project name
Promoter - financial intermediary
CCGT Power Plant in Mellach

Verbund Österreichische Elektrizitätswirtschafts-AG through the majority-owned utility Verbund Austrian Power GmbH Co & KG.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 275 million
Up to EUR 550 million
Location
Sector(s)
Description
Objectives

The Project concerns the construction and operation of a high efficiency CCGT power plant of 832 MW-e.

The Project will contribute to meet the growing Austrian demand in electricity.

Environmental aspects
Procurement

Due to its technical characteristics the Project falls under Annex I of the EIA Directive 58/337/EC and amendments, requiring an EIA. The EIA has been completed in September 2008 and the license for construction has been granted with a number of conditions related to construction and operation of the plant which will be implemented by the Promoter. The impacts on Natura2000/Habitats and potential mitigating measures will be reviewed during appraisal.

At the time of tendering, the Promoter fell under the scope of the EU Procurement Directive 2004/17/EC. Following a tender process announced in the OJEU on 16.06.2006, the EPC contract for the plant was signed in July 2008 and the site handed over January 2009. Details of the procurement scope and procedures followed to be further assessed.

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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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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