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Signature(s)

Amount
€ 70,000,000
Countries
Sector(s)
France : € 70,000,000
Energy : € 70,000,000
Signature date(s)
21/12/2017 : € 70,000,000

Summary sheet

Release date
15 June 2017
Status
Reference
Signed | 21/12/2017
20170173
Project name
Promoter - financial intermediary
SEM SOREGIES
SOREGIES
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million
EUR 240 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project is part of the investment programme of SOREGIES, one of the largest local distribution companies in France, for the period 2017-2021. The programme comprises the refurbishment and extension of its gas and electricity networks, the implementation of a smart metering system and the construction of new renewables capacity.

The project comprises the following components: • Implementation of a smart metering system • Rehabilitation of the distribution network operated by the promoter in accordance with its multiannual concession plan • Extension of the distribution network to connect new renewable capacities as part of the S3RENR master plan • Extension of the gas distribution network • Construction and operation of a portfolio of one windfarm and four solar photovoltaic power plants totalling 42MW.

Environmental aspects
Procurement

All sub-projects fall under Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU), requiring the competent authorities to determine whether an EIA is required. The team will verify the status of the distribution projects in that regard. Wind and solar projects have been screened in. No resettlement of local population is envisaged. The project is located in rural areas not relevant for tourism, or on former industrial sites, away from Natura 2000 areas or sites of conservation importance (SCIs). The wind and solar sub-projects are reportedly not challenged by local community or by civil society organisations. Specific attention will be paid to the polychlorinated biphenyl (PCB) recycling process, where applicable.

The promoter SOREGIES is predominantly owned and controlled by public entities. Therefore it falls under public procurement requirements set by the French Order 2015-899. The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/23/EU / 2014/24/EU / 2014/25/EU,where applicable, as well as Directive 92/13/EEC (as amended by2007/66/EU)) 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.

Comments

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Link to source
Summary sheet

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) - SOREGIES ENERGY NETWORKS & RENEWABLE GENERATION
Publication Date
6 Oct 2017
Document language
Main Topic
Lending
Document Number
75200226
Document Focus
Environmental Information
Project Number
20170173
Sector(s)
Regions
Countries
Publicly available
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