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    Signature(s)

    Amount
    € 325,000,000
    Countries
    Sector(s)
    Spain : € 325,000,000
    Energy : € 325,000,000
    Signature date(s)
    25/06/2015 : € 325,000,000

    Summary sheet

    Release date
    26 May 2014
    Status
    Reference
    Signed | 25/06/2015
    20130583
    Project name
    Promoter - financial intermediary
    IBERDROLA NETWORK MODERNISATION AND SMART METERS
    IBERDROLA DISTRIBUCIÓN ELÉCTRICA, S.A.U.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 325 million
    EUR 681 million
    Location
    Sector(s)
    Description
    Objectives

    Investments under the promoter's 2014-2015 business plan to reinforce, modernise and smarten electricity distribution networks throughout Spain.

    The project aims at connecting new system users, installing smart meters and improving the quality and the reliability of supply.

    Environmental aspects
    Procurement

    By their technical characteristics, some project schemes fall under Annex II of the EIA Directive (2011/92/EU), leaving it to the national competent authority to decide whether an EIA would be required. However, none of the schemes is expected to require a full EIA. The impacts that can be typically expected for these schemes relate to visual impact, vegetation clearance, 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 impact 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.

    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

    Environmental and Social Data Sheet (ESDS) - IBERDROLA NETWORK MODERNISATION AND SMART METERS
    Publication Date
    16 Oct 2014
    Document language
    Main Topic
    Lending
    Document Number
    54960598
    Document Focus
    Environmental Information
    Project Number
    20130583
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - IBERDROLA NETWORK MODERNISATION AND SMART METERS
    Publication Date
    21 Sep 2016
    Document language
    Main Topic
    Lending
    Document Number
    69279418
    Document Focus
    Environmental Information
    Project Number
    20130583
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    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.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    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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