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    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    Poland : € 250,000,000
    Energy : € 250,000,000
    Signature date(s)
    4/09/2017 : € 125,000,000
    4/09/2017 : € 125,000,000

    Summary sheet

    Release date
    15 November 2016
    Status
    Reference
    Signed | 08/09/2017
    20160349
    Project name
    Promoter - financial intermediary
    ENERGA HYBRID BOND
    ENERGA SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 250 million
    EUR 814 million
    Location
    Sector(s)
    Description
    Objectives

    Hybrid bond for the modernisation and extension of ENERGA's electricity distribution network during the period 2017 - 2019

    The programme aims to cater for demand growth, reduce losses, connect new end-users as well as renewable generators, and improve the reliability and quality of electricity supply. The programme includes the installation of advanced meters and other smart grid components.

    Environmental aspects
    Procurement

    The programme comprises a large number of electricity distribution schemes up to 110 kV with the majority of schemes being reinforcements of medium and low-voltage equipment and connection of new users with limited environmental impact. Some programme schemes may fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU thus requiring a review by the competent authorities at the planning/consent stage with due regard to the necessity for environmental and biodiversity impact and appropriate assessments. The environmental aspects of the project will be appropriately assessed as part of the Bank's appraisal process.

    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 Data Sheet (ESDS) - ENERGA HYBRID BOND
    Publication Date
    25 Mar 2017
    Document language
    Main Topic
    Lending
    Document Number
    70257330
    Document Focus
    Environmental Information
    Project Number
    20160349
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - ENERGA HYBRID BOND
    Publication Date
    23 Dec 2021
    Document language
    Main Topic
    Lending
    Document Number
    151850071
    Document Focus
    Environmental Information
    Project Number
    20160349
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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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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    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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    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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