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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Spain : € 200,000,000
Energy : € 200,000,000
Signature date(s)
23/11/2011 : € 100,000,000
23/11/2011 : € 100,000,000
Link to source

Summary sheet

Release date
10 May 2011
Status
Reference
Signed | 23/11/2011
20110154
Project name
Promoter - financial intermediary
Iberdrola Electricity Distribution V

Iberdrola SA

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 440 million
Location
Sector(s)
Description
Objectives

Reinforcement and extension of the electricity distribution network in Spain, mainly in convergence areas, in the year 2011.

The project will enable the promoter to improve the reliability, and quality of electricity supply in Spain. The project will also cater for a demand growth of circa 1.5%, reduce losses, and improve safety performance. About 60% of the project will be implemented in areas designated as convergence, phasing-in and phasing-out regions.

Environmental aspects
Procurement

The project includes 32 schemes that do require Environmental Impact Assessment. EIAs are being carried out in accordance with applicable legislation in line with the EU EIA Directive. The impacts that can be typically expected for these schemes relate to visual impact, vegetation clearance and impact on flying vertebrates, electromagnetic fields, noise nuisance, and disturbance during construction. Most of the project schemes relate to medium and low voltages and are therefore expected to have minimal or null environmental impacts.

The promoter is a contracting entity that falls under the Utilities Directive 2004/17/EC, and is therefore required to tender works, supplies and services contracts following public procurement rules, including the publication in the Official Journal of the EU (OJEU) where appropriate.

Link to source

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).

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