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Data sheet
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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.
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.
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Summary sheet
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Data sheet
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