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    Signature(s)

    Amount
    € 140,000,000
    Countries
    Sector(s)
    Austria : € 140,000,000
    Energy : € 140,000,000
    Signature date(s)
    31/03/2017 : € 57,000,000
    12/12/2017 : € 83,000,000

    Summary sheet

    Release date
    28 July 2016
    Status
    Reference
    Signed | 31/03/2017
    20150825
    Project name
    Promoter - financial intermediary
    HYDRO AND WIND POWER IN STYRIA
    Private Company
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 140 million
    EUR 333 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project is an investment programme that comprises investment schemes in the production and distribution of electricity in Styria, Austria. The electricity generation scheme includes plans to build a 16 MW hydropower plant in the city of Graz and a 39 MW wind farm located in the mountainous region of Deutschlandsberg, together with their grid connection facilities. The electricity distribution part covers extensions and refurbishments of the low- and medium- voltage electricity distribution grid in Styria.

    The hydropower and wind power plants in the project will contribute to national and EU renewable energy targets. The network investment programme aims to improve the quality and the reliability of grid infrastructure.

    Environmental aspects
    Procurement

    The project is an expansion of a distribution electricity network and construction of a new hydroelectric power generation plant and a wind farm in Styria, Austria. The project falls under Annex II of the EIA Directive 2011/92/EU. Here, the competent authority in line with Austrian environmental law (UVP-G 2000) requested an Environmental Impact Assessment (EIA) including public consultation for a wind farm and hydroelectric power plant. The final environmental permits were granted for both. Electricity distribution at medium and low voltage, are typically implemented with low or insignificant environmental impact. The environmental impact of all the projects will be further appraised.

    The European Commission has exempted the generation of electricity in Austria from public procurement provisions by Decision 2008/585/EC. The Bank will review the project's procurement procedures to ensure that its funds are used appropriately for the purchase of works, goods and services.

    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) - HYDRO AND WIND POWER IN STYRIA - Link to website of Competent Authority for ESIA documentation
    Publication Date
    6 Dec 2016
    Document language
    Main Topic
    Lending
    Document Number
    72351229
    Document Focus
    Environmental Information
    Project Number
    20150825
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - HYDRO AND WIND POWER IN STYRIA
    Publication Date
    21 Jul 2017
    Document language
    Main Topic
    Lending
    Document Number
    68622835
    Document Focus
    Environmental Information
    Project Number
    20150825
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    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.

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    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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