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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Germany : € 100,000,000
    Energy : € 100,000,000
    Signature date(s)
    22/07/2011 : € 100,000,000
    Link to source
    Data sheet
    Other links
    Summary sheet

    Summary sheet

    Release date
    29 April 2010
    Status
    Reference
    Signed | 22/07/2011
    20100149
    Project name
    Promoter - financial intermediary
    SWM Stromnetze

    Stadtwerke München GmbH

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million.
    EUR 200 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises a large number (several hundreds) of independent schemes for reinforcing and modernising the electricity distribution grid system of Munich over the 3-year investment period. The investments include refurbished, enlarged and new assets at voltage levels of 110 kV to 0.4 kV, including 110 kV cables and transformers, 10 kV cables, 0.4 kV cables, connections and substations, as well as metering and control systems.

    The investment programme aims at grid optimisation and sustaining network efficiency, reliability and safety. It also includes replacement of obsolete material and improvement of environmental impact. Several investments serve to cater for the connection of new system users, both on the supply side (growing decentralised energy efficient and renewable power production) and the demand side (residential, commercial and industrial sector developments).

    Environmental aspects
    Procurement

    The promoter has informed the Bank that none of the schemes pertain to Annex I of Directive 97/11/EC, and that equally the authorities have not required an EIA for any of the schemes. He has also informed the Bank that none of the schemes impact on a Natura 2000 area. The grid company is undergoing every two years an eco-management and audit scheme and is EMAS certified. The schemes are located within urban areas and in new commercial and industrial centres with no particular environmental issues involved.

    The promoter confirmed adhering to EU legislation in its procurement procedures for the investment programme’s services, supply and work contracts. The promoter applies mainly restricted procedures with a system for qualification of suppliers. As and where required, tender notices and systems for qualification will be published in the OJEU.

    Link to source
    Summary sheet
    Other links

    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).

    General enquiries and comments

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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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    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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