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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Cyprus : € 200,000,000
    Energy : € 200,000,000
    Signature date(s)
    29/06/2010 : € 200,000,000
    Link to source
    Other links

    Summary sheet

    Release date
    27 April 2010
    Status
    Reference
    Signed | 29/06/2010
    20100159
    Project name
    Promoter - financial intermediary
    EAC Transmission and Distribution II

    The Electricity Authority of Cyprus (EAC)
    Mrs. Rania Valanidou

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million.
    EUR 400 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a 4-year investment programme aimed at reinforcing and extending the promoter’s transmission and distribution electricity networks throughout Cyprus.

    The main objectives of the programme are to improve the quality and reliability of electricity supply, satisfy the growing demand for electricity and enable the connection of new customers.

    Environmental aspects
    Procurement

    All of the programme’s schemes will fall under Annex II of the EIA Directive, leaving it to the national competent authority to decide whether an EIA would be required in line with the screening criteria specified in the Directive. However, many project schemes are distribution reinforcements with no significant environmental impact and that will not require formal EIAs.

    The promoter is subject to the requirements of the EU procurement Directive 2004/17/EC and committed to compliance.

    Link to source
    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).

    News & Stories

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    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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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    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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