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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Finland : € 150,000,000
    Energy : € 150,000,000
    Signature date(s)
    29/11/2010 : € 150,000,000

    Summary sheet

    Release date
    21 April 2010
    Status
    Reference
    Signed | 29/11/2010
    20090784
    Project name
    Promoter - financial intermediary
    Fingrid Fenno Skan 2 Cable TEN-E

    Fingrid Oyj

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 150 million.
    Approximately EUR 300 million.
    Location
    Sector(s)
    Description
    Objectives

    The extension of Fenno Skan cable through the implementation of a second pole.

    Increase by circa 40% the transmission capacity between Finland and Sweden, and therefore improve electricity market integration and security of supply.

    Environmental aspects
    Procurement

    Both the Finnish and Swedish parts of the project underwent Environmental Impact Analysis, including appropriate biodiversity assessment, and received environmental and administrative approvals from the respective national authorities. No significant long-term impacts are expected to result from project construction and operation.

    The contracts for the implementation of the project were procured following procedures governed by the EU Directive 2004/17/EC.

    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).

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