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    Signature(s)

    Amount
    € 85,000,000
    Countries
    Sector(s)
    Greece : € 85,000,000
    Energy : € 85,000,000
    Signature date(s)
    21/12/2016 : € 40,000,000
    12/06/2018 : € 45,000,000

    Summary sheet

    Release date
    22 September 2016
    Status
    Reference
    Signed | 21/12/2016
    20150467
    Project name
    Promoter - financial intermediary
    PPC HIGH VOLTAGE SUBSTATIONS & SMART METERING
    HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 85 million
    EUR 170 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    Multi-component investment programme comprising several sub-projects geographically dispersed throughout mainland Greece and the islands. The sub-projects are organised into four main categories of investments: a) network control and automation, b) medium voltage (MV) submarine cables, c) high voltage (HV)/MV substations and associated connections and d) a pilot project for testing remote metering of small low voltage (LV) customers.

    The main purpose of the project is to improve the reliability of electricity supply to consumers and to test the use of remote-readable meters for small LV customers.

    Environmental aspects
    Procurement

    The characteristics of the sub-projects under the scope of the investment programme are such that they are listed neither under Annex I nor Annex II of the Environmental Impact Assessment (EIA) Directive. However the project includes the implementation of new HV/MV substations that, according to the requirements of Greek legislation, have been subjected to EIA. Based on preliminary information from the promoter, most of the associated environmental permits have been granted. Overall the environmental impact of the programme is expected to be modest and, in most cases, limited to temporary impact during the construction phase. The status of the environmental permits and the actual environmental aspects of the project, including potential negative impact on sites of Natura conservation importance, will be further investigated during the appraisal.

    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 (Directives 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC, or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, 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 Impact Assessment (ESIA) - PPC HIGH VOLTAGE SUBSTATIONS & SMART METERING - MAKRICHORI Substation
    Publication Date
    24 Sep 2016
    Document language
    Main Topic
    Lending
    Document Number
    63676947
    Document Focus
    Environmental Information
    Project Number
    20150467
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - PPC HIGH VOLTAGE SUBSTATIONS & SMART METERING - EIA for CHANIA II
    Publication Date
    24 Sep 2016
    Document language
    Main Topic
    Lending
    Document Number
    63678540
    Document Focus
    Environmental Information
    Project Number
    20150467
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - PPC HIGH VOLTAGE SUBSTATIONS & SMART METERING - EIA for KERATEA Substation
    Publication Date
    24 Sep 2016
    Document language
    Main Topic
    Lending
    Document Number
    64590405
    Document Focus
    Environmental Information
    Project Number
    20150467
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - PPC HIGH VOLTAGE SUBSTATIONS & SMART METERING - EIA for AMPELOKIPI Substation
    Publication Date
    24 Sep 2016
    Document language
    Main Topic
    Lending
    Document Number
    69535479
    Document Focus
    Environmental Information
    Project Number
    20150467
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - PPC HIGH VOLTAGE SUBSTATIONS & SMART METERING
    Publication Date
    22 Nov 2016
    Document language
    Main Topic
    Lending
    Document Number
    66568024
    Document Focus
    Environmental Information
    Project Number
    20150467
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

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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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