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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    United Kingdom : € 500,000,000
    Energy : € 500,000,000
    Signature date(s)
    28/07/2011 : € 50,000,000
    5/07/2011 : € 50,000,000
    9/03/2012 : € 100,000,000
    30/11/2011 : € 150,000,000
    1/12/2010 : € 150,000,000

    Summary sheet

    Release date
    29 July 2010
    Status
    Reference
    Signed | 01/12/2010
    20100239
    Project name
    Promoter - financial intermediary
    Scottish Power Electricity Networks II

    Iberdrola S.A.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    GBP 650 million.
    Estimated at GBP 1 900 million.
    Location
    Sector(s)
    Description
    Objectives

    The Project consists of a 3-year investment programme (2010-2012) aimed at renovating and extending Scottish Power’s (Iberdrola subsidiary) electricity transmission and distribution networks in North Wales, West England and South/Central Scotland.

    The main purpose of the Project is to maintain Scottish Power’s network to a high standard of reliability as well as providing additional capacity.

    Environmental aspects
    Procurement

    The Project schemes are likely to fall under Annex II of the EIA Directive, leaving it to the national competent authorities to decide whether an EIA would be required. Many Project schemes relate to Medium Voltage (MV) and Low Voltage (LV) and are expected to be screened out by the competent authority. The EIA screening criteria applied by the national competent authority in the UK and the provisions for environmental improvement incentives for UK electricity utilities as part of the recent electricity distribution price review process completed by OFGEM will be assessed during appraisal.

    The Promoter has indicated that it operates in compliance with the EU procurement legislation Utilities Directive 2004/17/EC. Procurement procedures will be assessed as part of the appraisal process.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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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    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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