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    Signature(s)

    Amount
    € 65,000,000
    Countries
    Sector(s)
    Romania : € 65,000,000
    Energy : € 65,000,000
    Signature date(s)
    5/08/2010 : € 32,500,000
    5/08/2010 : € 32,500,000
    Link to source

    Summary sheet

    Release date
    12 May 2010
    Status
    Reference
    Signed | 05/08/2010
    20100072
    Project name
    Promoter - financial intermediary
    Romanian Power Grid Network

    Transelectrica SA

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 65 million.
    EUR 156 million.
    Location
    Sector(s)
    Description
    Objectives

    The Project aims at reinforcing and upgrading the Romanian electricity transmission network while improving the reliability and quality of electricity supply.

    The project contributes to the Bank’s lending priority objectives on convergence regions and security of internal energy supply, by supporting Transelectrica’s medium-term investment programme for modernising and retro-fitting power substations within the power transmission grid.

    Environmental aspects
    Procurement

    The project consists of eight sub-projects of which seven pertain to the refurbishment and modernisation of existing substations, thus falling under Annex II of the EIA Directive (the remaining concerning the implementation of hardware/software). The National Authority screened the eight sub-projects and did not require an Environmental Impact Assessment. The environmental impact is expected to be minor and essentially limited to the construction phase (e.g. dust emissions, traffic disturbances, noise). The compliance with EU and National Environmental legislation will be analysed during appraisal.

    The procurement procedures followed and their compliance with the EU Directive on public procurement for entities operating in the energy sector will be investigated 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).

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