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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

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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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