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Signature(s)

Amount
€ 170,000,000
Countries
Sector(s)
Portugal : € 170,000,000
Energy : € 170,000,000
Signature date(s)
20/12/2019 : € 20,000,000
20/12/2019 : € 70,000,000
25/11/2015 : € 80,000,000
Link to source

Summary sheet

Release date
15 September 2014
Status
Reference
Signed | 25/11/2015
20130090
Project name
Promoter - financial intermediary
REN ELECTRICITY SYSTEM UPGRADE III
REN - REDE ELECTRICA NACIONAL SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 170 million
EUR 350 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

Investments under the promoter's 2014-2018 investment plan, aiming at the extension and reinforcement of the electricity transmission network throughout Portugal.

The programme is expected to enable the integration into the grid of new renewable generation resources, support the efficient operation of the electricity market in the Iberian Peninsula and contribute to improving the reliability of supply.

Environmental aspects
Procurement

By their technical characteristics, some programme schemes fall under Annex I or Annex II of the Environmental Impact Assessment Directive. The impacts that can be typically expected for these sub-projects relate to visual impact, vegetation clearance, electromagnetic fields, noise nuisance, impact on flying vertebrates and disturbance during construction. Environmental impact studies will be carried out as applicable and mitigating and/or compensation measures will be applied as necessary.

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. 2004/17/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 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).

Documents

Non-Technical Summary (NTS) - REN ELECTRICITY SYSTEM UPGRADE III - Linha Penela-Seia 400 kV
Publication Date
7 Mar 2016
Document language
Main Topic
Lending
Document Number
55581896
Document Focus
Environmental Information
Project Number
20130090
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - REN ELECTRICITY SYSTEM UPGRADE III - Linha Batalha- Paraímo, abertura para Penela 400 kV
Publication Date
7 Mar 2016
Document language
Main Topic
Lending
Document Number
55581897
Document Focus
Environmental Information
Project Number
20130090
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - REN ELECTRICITY SYSTEM UPGRADE III - Linha Pedralva – Vila Fria B 400 kV
Publication Date
7 Mar 2016
Document language
Main Topic
Lending
Document Number
55587597
Document Focus
Environmental Information
Project Number
20130090
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - REN ELECTRICITY SYSTEM UPGRADE III - Linha Vieira do Minho – Pedralva 2 400 kV
Publication Date
7 Mar 2016
Document language
Main Topic
Lending
Document Number
55590593
Document Focus
Environmental Information
Project Number
20130090
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - REN ELECTRICITY SYSTEM UPGRADE III
Publication Date
11 Dec 2014
Document language
Main Topic
Lending
Document Number
56481638
Document Focus
Environmental Information
Project Number
20130090
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - REN ELECTRICITY SYSTEM UPGRADE III - Linha Pedralva-"Vila Fria B", A 400KV
Publication Date
7 Mar 2016
Document language
Main Topic
Lending
Document Number
62996468
Document Focus
Environmental Information
Project Number
20130090
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - REN ELECTRICITY SYSTEM UPGRADE III - Linha Vieira do Minho - Pedralva 2
Publication Date
7 Mar 2016
Document language
Main Topic
Lending
Document Number
62997588
Document Focus
Environmental Information
Project Number
20130090
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - REN ELECTRICITY SYSTEM UPGRADE III
Publication Date
17 Dec 2019
Document language
Main Topic
Lending
Document Number
95716530
Document Focus
Environmental Information
Project Number
20130090
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.
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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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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