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    Signature(s)

    Amount
    € 178,817,056.4
    Countries
    Sector(s)
    United Kingdom : € 178,817,056.4
    Water, sewerage : € 178,817,056.4
    Signature date(s)
    18/05/2015 : € 178,817,056.4

    Summary sheet

    Release date
    26 February 2014
    Status
    Reference
    Signed | 18/05/2015
    20120134
    Project name
    Promoter - financial intermediary
    SOUTH WEST WATER & WASTEWATER AMP5-2
    PENNON GROUP PLC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 156 million (GBP 130 million)
    EUR 359 million (GBP 300 million)
    Description
    Objectives

    South West Water (SWW) provides water and wastewater services to a population of 1.6 million people in the South-West of England, in the counties of Cornwall and Devon, as well as smaller areas within Dorset and Somerset. The investment programme was approved by the economic regulator OFWAT in 2009 as part of the expenditure programme for the regulatory period 2010-15 (Asset Management Plan 5). The investments are driven by EU Directive compliance in the areas of wastewater, bathing waters and protection of aquatic life. In addition there is significant focus on reduction of flooding due to insufficient wastewater system capacity and creating efficiencies and energy recovery in operations, with benefits in terms of climate change resilience and mitigation.

    Primary Objectives
    - Environmental Protection
    - Renewable Energy and Energy Efficiency
    Transversal Indicators
    - Climate Action
    - Economic and Social Cohesion

    Environmental aspects
    Procurement

    The Promoter complies with the requirements of EU EIA Directive 2011/92/EU, as well as Article 6 of the Habitats Directive 92/43/EEC. The Promoter carries out Environmental Impact Assessment procedures where required by the competent authorities and mitigating measures are applied as appropriate. The drinking water quality and environmental regulators independently monitor compliance with drinking water quality standards and effluent discharge permits.

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation Dir 2004/18/EC and Dir. 2007/66/EC [amending Directives 1989/665/EEC and 1992/13/EEC]), with publication of tender notices in the EU Official Journal, as and where required.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - SOUTH WEST WATER & WASTEWATER AMP5-2
    Publication Date
    12 Jun 2014
    Document language
    Main Topic
    Lending
    Document Number
    53120114
    Document Focus
    Environmental Information
    Project Number
    20120134
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - SOUTH WEST WATER & WASTEWATER AMP5-2
    Publication Date
    9 Oct 2017
    Document language
    Main Topic
    Lending
    Document Number
    72435870
    Document Focus
    Environmental Information
    Project Number
    20120134
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    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.
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