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    Signature(s)

    Amount
    € 17,280,000
    Countries
    Sector(s)
    Spain : € 17,280,000
    Energy : € 17,280,000
    Signature date(s)
    25/01/2013 : € 4,280,000
    14/06/2012 : € 13,000,000

    Summary sheet

    Release date
    15 July 2011
    Status
    Reference
    Signed | 14/06/2012
    20100296
    Project name
    Promoter - financial intermediary
    Gestamp Biomass Project

    Gestamp Biotérmica S.L.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 110 million
    Approximately up to EUR 225 million
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the design, construction, operation and maintenance of four medium-scale biomass power stations in three different locations in the region of Castilla y Leon, Spain. The biomass supply will be managed by the promoter and supported by regional authorities.

    The project contributes to the EU and national renewable energy targets and climate policies, as well as regional employment and development. Since the collapse of the regional pulp and paper industry there is no large scale demand any more for this type of biomass in the region of Castilla y Leon. Sustaining the demand of forest wood residues and encouraging much required intermediate fellings, the project will contribute to the prevention of forest fires and to the sustainability of the forestry activity in Castilla y Leon region.

    Environmental aspects
    Procurement

    By virtue of their technical characteristics, all power plants under this operation fall under Annex II of the Directive 85/337/EC amended 97/11/EC amended 2003/35/EC; thus an EIA may be required subject to a case-by-case decision or defined criteria set by the national competent authorities. The Bank’s services will verify that the power plants make use of best available technology to maximise efficiency of the production process and minimise the environmental footprint.

    The promoter is a private company that does not enjoy any special or exclusive rights in the utilities sector. It is therefore not concerned by EU directives on procurement. The Bank’s services will verify that the project benefits from market-based competition between potential subcontractors.

    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).

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    Alternatively, the EIB can be contacted through its external offices.
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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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